ALCO - Want Passive Income? These 3 High-Yield Dividend Stocks Have Massive Growth Potential
In a game that requires patience, stocks that pay dividends provide instant gratification. The passive income earned can either be taken as cash or reinvested into the market, but it's always nice to be paid just for holding a position. Take a look at these three high-yield dividend stocks , which also have plenty of growth potential.
One of the largest citrus growers in the U.S., Alico (NASDAQ: ALCO), owns roughly 84,000 acres of land across Florida. While 49,000 acres are devoted to growing fruit, the remainder of this land is undeveloped -- and makes for a significant asset to the company.
Alico has recently sold off portions of its land holdings at an average price per acre of $4,500. At this rate, the company's unfarmed land represents an asset valued at over $157 million. In that case, Alico's land alone accounts for approximately 60% of the company's market cap -- or roughly $263 million.
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Want Passive Income? These 3 High-Yield Dividend Stocks Have Massive Growth Potential