2024-03-07 18:00:00 ET
Summary
- Investing in high dividend yield companies comes attached to numerous advantages for investors, such as the generation of extra income, the reduction of portfolio volatility and protection against inflation.
- The companies presented in today’s article unify dividend income and dividend growth, while all have an attractive Valuation and are financially healthy.
- You can use the dividends from these high-yielding companies to cover your monthly expenses or you can reinvest the dividend, benefiting from the compounding effect.
Investment Thesis
The generation of extra income is only one of numerous benefits for investors when investing in high dividend yield companies. Additional advantages are the reduction of portfolio volatility, protection against inflation, and the possibility to obtain a compounding effect when reinvesting dividends.
Another significant advantage of investing in high dividend yield companies is the possibility to follow a buy-and-hold approach, without the necessity to sell positions of your investment portfolio.
Building a balanced dividend portfolio that includes both high dividend yield companies and dividend growth companies allows you to not only build substantial additional income for today but also for tomorrow while constantly increasing this extra income....
Read the full article on Seeking Alpha
For further details see:
Yields Of Up To 9%: My Top 10 High Dividend Yield Companies For March 2024