MO - 2 S&P 500 Dividend Stocks With Yields Above 8% That You Can Buy With $100 Right Now
2024-07-16 04:51:00 ET
If you're looking for dividend stocks that can turn a modest investment into a significant source of passive income, you may want to turn your attention to the S&P 500 index. At the moment, a pair of its components, Altria Group (NYSE: MO) and Walgreens Boots Alliance (NASDAQ: WBA) , offer mind-blowing dividend yields of about 8.2% and higher.
Stocks rarely offer yields above 8% unless investors have reason to assume dividend growth in the years ahead will stall. Here's a look at these two ultra-high-yield dividend payers to see if they're good stocks to buy now and hold over the long run.
With nearly 9,000 stores spread across all 50 states, and a few thousand more stores in Europe and Latin America, retail pharmacy chains don't get any bigger than Walgreens Boots Alliance.
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2 S&P 500 Dividend Stocks With Yields Above 8% That You Can Buy With $100 Right Now