6 Dividend Stocks That Can Afford to Pay Their High Yields These dividend stocks are well situated to pay their high yields. The dividend payout ratios are less than 50% for these stocks. That makes their dividend yields much more secure, allowing the companies to pay them even when earnings turn down. Citigroup ( C ): This incredibly cheap stock trades for less than 6.5x earnings, 60% of its tangible book value, a 4.3% dividend yield, and its earnings more than cover dividend payments. Moreover, analysts are still forecasting higher earnings growth for next year, despite fears of a recession. Fidelity National Financial ( FNF ): This company should post higher earnings next year despite a downturn in real estate transactions. This puts it on a cheap 6.1x earnings multiple and an attractive dividend yield of 4.8%. Moreover, its dividend payout ratio is low at just 29.2% this year. Whirlpool ( WHR ): This hard consumer durables machine maker has an attractive 4.35% dividend yield and a low 28.9% payout ratio. The stock is also cheap at 6.6x this year’s forecast earnings and 6.3x next year.