2024-05-09 08:41:29 ET
Summary
- The current market has many appealing high-yield choices, despite the S&P 500 trading near all-time highs.
- Buying Treasuries carries reinvestment risk and opportunity cost compared to dividend stocks.
- In this article, I highlight 2 dividend picks, with one being high yield and the other offering diversification and dividend growth.
The current market remains a ‘target rich’ environment for income investors, with many stocks yielding well above the key 3% psychological mark. While it’s tempting to pile money into Treasuries that now yield around 5%, one should question for how long that yield may last, considering that the weaker-than-expected April Jobs Report builds a case for rate cuts this year....
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I'm Locking Up To 9% Yield In This Target Rich Environment