High-yield dividend stocks can be sources of passive income no matter what the stock market is doing. But they have notably greater importance now that interest rates are rising. 

Many high-yield savings accounts now offer interest rates of more than 4%, which creates a real opportunity cost for investing in stocks that simply didn't exist when interest rates were close to 0%. Devon Energy (NYSE: DVN), Mativ Holdings (NYSE: MATV), and Kinder Morgan (NYSE: KMI) are dividend stocks that not only have significantly higher yields than the risk-free rate, but have growing businesses that could drive share price appreciation, too. Here's what makes each of them worth considering now.  

Image source: Getty Images.

Continue reading

Source Fool.com