ARCC - I'm Locking 7-10% Yields In This Upside-Down Market

2024-07-05 08:10:00 ET

Summary

• The S&P 500 currently yields just 1.2%, a level that may not be suitable for most income investors.
• In this article, I present 2 higher yielding stocks that are either reasonably valued or undervalued.
• Both carry strong balance sheets, pay well-covered dividends, and have plenty of capacity for growth.

Earning a good income stream from investing in the broader market seems harder by the day, especially when the S&P 500 ( SPY ) continues to set fresh records. This has resulted in a precipitous drop in the dividend yield, which now stands at just 1.24%....

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