IIPR - Don't Mind Some Risk? 2 Ultra-High-Yield Dividend Stocks to Get Your Hands On
2023-09-18 10:05:02 ET
For all the focus the investor class seems to put on buying growth stocks, many investors would be just as happy to focus on stocks that don't require selling in order to collect cash returns. It really all depends on the level of return.
In some cases, growth investors will even turn to dividend stocks and give much less regard to the stock's price growth potential. That is, of course, if the dividend yield warrants it. For this type of investor, the search focuses on stocks that claim higher dividend yields than the S&P 500 average of 1.5%, and it can even unveil a few stocks offering dividend returns in excess of 8%.
Investment professionals will often discourage investors from buying into such companies because the risks oftentimes outweigh the potential rewards. While it's true that even the best of these stocks carry significant risks, there are a select few like Altria (NYSE: MO) and Innovative Industrial Properties (NYSE: IIPR) that have enough going for them to warrant a closer look as possible investments. Let's take a closer look at these two ultra-high-yield dividend stocks.
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Don't Mind Some Risk? 2 Ultra-High-Yield Dividend Stocks to Get Your Hands On