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Dividend stocks are a must-have in a well-diversified investment portfolio, providing regular income and minimizing overall risk. However, when looking for a good dividend stock, investors should consider more than just the dividend yield. Financial stability and dividend sustainability are equally important factors.
After analyzing several stocks, we have identified two of the best dividend payers for 2024. Buying these quality stocks now could help you earn a dividend within the next three months.
The Allstate Corporation (NYSE:ALL), a high-yield dividend stock, has paid consistent dividends over the past fourteen years. With a quarterly dividend yield of 2.17% and a strong financial position, Allstate is a top choice for dividend investors. To lock in the $0.92 per share dividend, purchase the shares before the ex-dividend date of May 31, 2024.
Federal Real Estate Investment Trust (NYSE:FRT), a dividend king and real estate investment trust (REIT), has increased its dividend payments for 56 years in a row. With a strong balance sheet and an annual dividend of $4.36 per share, FRT is also an excellent option. To receive the dividend payment on July 15, you must purchase the shares before June 21, 2024.
Diversify your income portfolio with these high-yield options
While these dividend stocks are attractive, smart investors should also consider alternative income investments to further diversify their portfolios. Two such options are EquityMultiple’s Ascent Income Fund and Basecamp Alpine Notes.
The Ascent income fund seeks stable income from senior commercial real estate debt positions and offers attractive returns backed by real assets. With a historic distribution yield of 12.1%, payment priority and flexible liquidity options, the Ascent Income Fund is an important investment vehicle for income-oriented investors. For a limited time, beginning investors can invest in the Ascent Income Fund with EquityMultiple with a reduced minimum of just $5,000.
Click here for more information about the Ascent Income Fund.
Basecamp Alpine Notes from EquityMultiple offers another powerful short-term cash management tool, offering a target APY of 9.00% over a 3-month period with a minimum investment of just $1,000. These notes offer high liquidity and attractive rates with compound interest, making them an ideal choice for investors looking to build their real estate portfolio.
Click here to put your idle money to work with Basecamp Alpine Notes.
While dividend stocks like Allstate and Federal Realty Investment Trust are excellent additions to your portfolio, don’t overlook the potential of alternative income investments. EquityMultiple’s Ascent Income Fund and Basecamp Alpine Notes offer unique opportunities to enhance your investment strategy and create a more diversified, resilient portfolio that can weather any market environment.
This article Buy These Two Stocks Now to Collect Their Next Dividend Payments originally appeared on Benzinga.com
