Only 1 Nasdaq-100 Stock Yields More Than 10-Year Treasuries at 5%. Here's My Top Pick to Buy Now.
Key PointsComcast is now the only Nasdaq-100 stock yielding more than 5% after Kraft Heinz moved to the New York Stock Exchange last week.
Comcast (CMCSA) emerges as the sole Nasdaq-100 stock yielding higher than 10-year Treasuries, currently boasting a 5.8% yield. This marked the second instance in the past two decades where the 10-year note breached the 5% mark. Prior to this, Comcast was the only Nasdaq-100 component with a yield surpassing 5%, a position it achieved a week ago.
The rationale behind its yield isn't rooted in a dividend cut or removal from the list due to a diminished market cap. Instead, Kraft Heinz, another candidate, transitioned its stock listing to the New York Stock Exchange, thereby eliminating it from the criteria for Nasdaq-100 membership, which ranks the 100 most valuable entities on that exchange.
The selection of the top stock yielding above 5% is somewhat subjective. As a Comcast shareholder, I would have opted for it over Kraft Heinz earlier in the month.
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