We are adding a new stock to our recommended list today.
Name Being Added
Wynn Resorts – the casino giant recently lifted its dividend payout to bring the yield over the 3% level. This higher-beta name could be a bit volatile for some investors as the shares can produce wider stock fluctuations than most other names we currently recommend. However, the stock has been very good to shareholders in recent times as the company has issued several substantial “special” dividend (one-time) payouts and now is offering an income-friendly higher yield. We prefer investors consider the shares during market pullbacks.