ARCC - Looking for Passive Income? This Warren Buffett Stock Has an Ultra-High Dividend Yield of Almost 10%
2023-11-19 07:23:00 ET
It's hard to believe that the third-quarter earnings season is drawing to a close. And while many Wall Street experts and retail investors were focused on the latest developments in artificial intelligence (AI) and other trendy areas, it's well worth remembering that portfolio growth can come from different segments of the business world.
For some investors, preserving their capital may be more important than achieving market-beating returns. This is why I often write about the passive income that dividend stocks can provide. While many dividend stocks do not carry the same allure as high-flying tech companies in terms of growth potential, their prices are usually much less volatile.
One of the best ways to generate dividend income is by investing in business development companies (BDCs). One of the leading BDCs out there is Ares Capital (NASDAQ: ARCC) , which at its current share price and payout yields 9.7%. If you're looking to augment your portfolio with some steady passive income streams, this could be a great time to buy Ares shares.
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Looking for Passive Income? This Warren Buffett Stock Has an Ultra-High Dividend Yield of Almost 10%