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3 Beaten-Down Dividend Stocks With Yields Over 5% to Buy in May for Passive Income

While the S&P 500 dividend yield is just 1.3%, some stocks have far higher yields either because they have steadily raised their payouts or their stock prices are down big, pushing up the yield. United Parcel Service (NYSE: UPS), APA Corporation (NASDAQ: APA), and Robert Half (NYSE: RHI) are three dividend stocks whose yields have ballooned above 5% due to falling stock prices. Here's why all three companies are worth a closer look in May.

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