Home / DIY Investing / High-Yield Stock Hunting: Unveiling the Top 7 for 2024

High-Yield Stock Hunting: Unveiling the Top 7 for 2024

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:

  1. 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.
  2. NextEra Energy Partners LP (NEP): 11.6% yield with clean energy investments, but earnings fell short of expectations in Q3 2023.
  3. Altria Group (MO): A Dividend King with a 9.5% yield and over 50 years of dividend increases. However, smoking rates are declining.
  4. MPLX LP (MPLX): 9.1% yield with strong DCF growth, but the oil and gas industry faces uncertainty.
  5. Nu Skin Enterprises (NUS): 8.6% yield with diverse products, but missed earnings estimates in Q3 2023.
  6. Enterprise Products Partners (EPD): 7.7% yield with a vast asset base, but net income decreased in Q3 2023.
  7. 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.

,

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!


Want to Earn Extra Money?


READ HERE: 51 Genius Dollar Store Kitchen Organization Ideas

Leave a Reply

Your email address will not be published. Required fields are marked *