Should You Buy the 5 Highest-Paying Dividend Stocks In the S&P 500?

If you are looking to generate additional income or balance out your portfolio with some great dividend-paying stocks, there are many excellent options to choose from among the stocks in the S&P 500. Or you could go right to the S&P 500 and pick the stocks with the five highest dividend yields. The stocks that currently have the highest dividend yields on the S&P 500 are Altria Group (NYSE: MO) (8.2%); V.F. Corp (NYSE: VFC) (6.9%); Newell Brands (NASDAQ: NWL) and Verizon Communications (NYSE: VZ) (6.3% each); and Simon Property Group (NYSE: SPG) (6.1%).