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High-yield dividend stocks are essential for investors looking for a stable income stream and relative safety in adverse market conditions. However, not all high-yield dividend stocks are worth investing in. The best options are backed by strong financial health and have a history of consistent payments.
These are the two most important high-yield dividend stocks in 2024, according to Wall Street analysts Real Estate Income Corp (NYSE:O) and AT&T Inc (NYSE:T). Both shares have a return of over 5% and an annual growth rate of over 3%.
A Dividend Aristocrat with 28 years of consistent dividend payments, Realty Income Corp is an S&P 500 company that has invested in more than 5,900 properties leased to high-quality commercial tenants. With a market cap of $46.6 billion and a rolling 12-month dividend yield of 5.72%, Realty Income Corp offers monthly dividends with significant quarterly increases. The company has maintained a dividend growth rate of 3.70% over the past decade.
AT&T Inc, a telecommunications giant, is another top choice for a consistent high-revenue stream. With a strong financial outlook and rapidly increasing free cash flow, AT&T is well positioned to pay sustainable dividends. The company offers a quarterly dividend yield of 6.35% with a payout ratio of 60%, and many analysts rate AT&T as undervalued and recommend it for medium- and long-term investments.
One alternative option that pays 9%
While these high-yield dividend stocks offer excellent opportunities for long-term income, smart investors should also consider short-term investment options to further diversify their portfolios. One such option is Basecamp Alpine Notes from EquityMultiple.
Basecamp Alpine Notes offers a powerful short-term cash management tool, with a target APY of 9.00% over 3 months and a minimum investment of just $1,000. These notes offer high liquidity and attractive compound interest rates, making them an ideal choice for investors looking to build their real estate portfolio.
In addition to their attractive returns, Basecamp Alpine Notes are exclusive to early-stage investors on the EquityMultiple platform. This means that investors new to EquityMultiple have a unique opportunity to take advantage of these favorable conditions and build their real estate portfolio with a low-risk, high-return investment.
Click here to put your idle money to work with Basecamp Alpine Notes.
While high-yield dividend stocks like Realty Income Corp and AT&T Inc are excellent choices for a stable long-term income stream, investors should also consider short-term investment options like EquityMultiple’s Basecamp Alpine Notes. By diversifying their portfolios with a mix of long-term and short-term investments, investors can create a more resilient and balanced approach to wealth creation in all market conditions.
This article Looking for a high-yield dividend stock to buy? Here are two analyst picks plus one ultra-high yield alternative. originally appeared on Benzinga.com
