ARCC - My 4 Favorite Ultra-High-Yield Dividend Stocks to Buy for 2024
2023-12-24 05:50:00 ET
Income investors don't have to settle for puny dividends. There are far too many stocks that offer extraordinary yields of 6% or more -- a level that I'd categorize as ultra-high.
Granted, some of those stocks are too risky for many investors. But not all of them are problematic. Here are my four favorite ultra-high-yield dividend stocks to buy for 2024 (listed in alphabetical order).
Ares Capital (NASDAQ: ARCC) ranks as the largest publicly traded business development company (BDC) . To be exempt from paying federal taxes, BDCs must return at least 90% of their income to shareholders in the form of dividends. Ares Capital has generated a lot of earnings to return in this manner: Its dividend yield currently tops 9.8%.
For further details see:
My 4 Favorite Ultra-High-Yield Dividend Stocks to Buy for 2024