Rather than bet on rate cuts, look for dividend stocks that pay you no matter what the Fed does
If you’re a growth investor, an article about overlooked high-yield dividend stocks is not for you. However, with the recent numbers showing that inflation is that dinner party guest that is overstaying its welcome, you may not want to dismiss income-generating stocks too quickly.
Now, if you’re still with me, I’ll also say that this I’m not recommending that you find the dividend stocks with the highest dividend yields and be done with it.
While high-yield dividend stocks are attractive, they’re only one part of a stock’s total return. Not only do you want to ensure that a company’s dividend is safe (and preferably growing), but you also want to buy shares of a company that are going to deliver reasonable capital gains to go along with that dividend.
Of course, if you’re looking to own stocks for the long haul, you’re going to have to deal with a bad year here and there. But over time, owning quality high-yield dividend stocks is a solid strategy for building wealth.
Companies that pay dividends are often blue-chip companies that are at a mature stage in their business cycle. This means they deliver predictable, some may say boring, revenue and earnings. But boring can quickly become beautiful when it’s time for those dividends to be paid.
Here are seven overlooked high-yield dividend stocks for you to consider in 2024.
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