Seeking income through dividends? Look no further than high-yield stocks, offering payouts exceeding the market average of 1.6%. This article dives deep into 7 of the most compelling options, but remember, high returns often come with higher risks!
Top 7 High-Yield Stocks for 2024:
- Office Properties Income Trust (OPI): A whopping 27.7% yield backed by a 90.5% occupancy rate. However, interest expense is high, consuming 94% of operating income.
- NextEra Energy Partners LP (NEP): 11.6% yield with clean energy investments, but earnings fell short of expectations in Q3 2023.
- Altria Group (MO): A Dividend King with a 9.5% yield and over 50 years of dividend increases. However, smoking rates are declining.
- MPLX LP (MPLX): 9.1% yield with strong DCF growth, but the oil and gas industry faces uncertainty.
- Nu Skin Enterprises (NUS): 8.6% yield with diverse products, but missed earnings estimates in Q3 2023.
- Enterprise Products Partners (EPD): 7.7% yield with a vast asset base, but net income decreased in Q3 2023.
- Western Union (WU): 7.5% yield with a global network, but revenue growth is slowing.
The High Dividend 50 Series
The High Dividend 50 Series is an analysis of the 50 highest-yielding Sure Analysis Research Database stocks, excluding royalty trusts, BDCs, REITs, and MLPs.
Click on a company’s name to view the High Dividend 50 series article for that company. A link to the specific Sure Analysis Research Database report page for each security is included as well.
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Remember:
- Dividend yield isn’t everything. Consider payout ratio, company health, and long-term prospects.
- Diversification is key. Don’t put all your eggs in one high-yield basket.
- Understand the risks. High-yield stocks can be volatile and prone to dividend cuts.
Beyond the Top 7:
- Explore the High Dividend 50 Series for more high-yield options.
- Learn how to calculate your monthly income based on dividend yield.
- Understand the risks involved in high-yield investing, including:
- Stock price fluctuations
- Business decline and dividend cuts
- Management changes and dividend policy shifts
Investing in high-yield stocks can be rewarding, but it’s crucial to do your research, understand the risks, and build a diversified portfolio. Happy hunting!
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