Looking for Consistent Passive Income? These 2 High-Yield Dividend Stocks Are Great Options.
2024-10-12 10:12:00
When many people think of making money from stocks, they automatically think of a company’s stock price increases. That makes sense; it’s straightforward and easy to comprehend: buy a stock for one price, sell it for a higher price, and make money. Simple enough.
Despite not getting the attention of capital gains, dividends can also be a great way to build wealth. It’s often a less stressful way to make money from stocks, too. You don’t have to worry about stock price movements — which are typically unpredictable and irrational — you just need patience and trust that you’ll receive your quarterly (and sometimes monthly) payouts.
The following two companies are great options if you’re looking for consistent passive income that you can rely on long-term. They each have high dividend yields and businesses that have stood the test of time.
AT&T’s financials are returning healthy, and it’s paying down some of its huge long-term debt. There were some concerns that another cut to the dividend could be in the works, but AT&T’s free cash flow ($4.6 billion in the latest quarter) shows the company can sustain it and possibly even consider an increase in the future.
Don’t miss this second chance at a potentially lucrative opportunity
Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
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Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $21,022!*
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Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,329!*
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Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $393,839!*
Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.
*Stock Advisor returns as of October 7, 2024
Stefon Walters has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Looking for Consistent Passive Income? These 2 High-Yield Dividend Stocks Are Great Options. was originally published by The Motley Fool
