1 Ultra-High-Yield Dividend Stock That Could Double Your Money by 2026
Are you looking for a relatively reliable way to grow your portfolio? Buying stocks that pay regular dividends and reinvesting those dividends is a tried and true method proven to work over time.
Of course, the amount of time it takes to realize huge returns shortens when your stocks pay higher dividend yields. Annaly Capital Management (NYSE: NLY) offers such a high yield right now that reinvesting the payouts it delivers each quarter could double your original investment in four short years.
Annaly Capital Management offers a tantalizing 20.1% yield right now because the stock is getting hammered. In a nutshell, the market is worried about the Federal Reserve's efforts to reduce inflation by raising interest rates and the effect this is having on Annaly's rate-sensitive business.
Source Fool.com
