3 Ultra-High-Yield Dividend Stocks That Are Screaming Buys in 2024
With the curtain officially closed on 2023, it's safe to say that it was a phenomenal year for equities. The 127-year-old Dow Jones Industrial Average climbed to a fresh record high, while the benchmark S 500 and growth-fueled Nasdaq Composite registered respective gains of 24% and 43%. It was a needed reminder of how powerful optimism and patience can be on Wall Street.
Patience is also one heck of an ally when it comes to dividend stocks. According to a study from Ned Davis Research and Hartford Funds, publicly traded companies that initiated and grew their payouts between 1973 and 2022 generated an annualized return of 10.24%. Not only was this better than the annualized return of the equal-weighted S 500 Index (7.68%) over the same timeline, but it also crushed the annualized return of non-payers (3.95%) over this roughly half-century span.
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Source Fool.com
