Stock prices have been under pressure this year as the Federal Reserve raises interest rates to combat inflation. That's increasing the income yield on lower-risk investments like bonds and bank CDs. Dividend stock prices are falling as a result, boosting their yields to compensate investors for their higher risk profiles relative to bonds.
For investors willing to take on a bit more risk, many solid dividend stocks are looking more attractive as their prices fall and yields rise. Here are five high-quality companies with dividend yields above 5%. Those higher yields can provide a big boost to an investor's passive income portfolio this September.
Blackstone (NYSE: BX) is the world's largest alternative asset manager. The company collects steady fee-based income as it manages clients' money. It also generates performance-based revenue as its investment funds deliver on their return objectives. Those two sources supply Blackstone with lots of income.
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5 Dividend Stocks Yielding Over 5% to Boost Your Passive Income This September