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3 Ultra-High-Yield Dividend Stocks I'm Buying for Decades of Passive Income

TheMotleyFool

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3 Ultra-High-Yield Dividend Stocks I'm Buying for Decades of Passive Income: https://g.foolcdn.com/editorial/images/784763/cell-phone-users.jpg

I don't rely on dividend income yet. But I'd like to be in a solid position to do so when I'm ready to retire.

The good news is that plenty of great alternatives pay juicy dividends. Here are three ultra-high-yield dividend stocks I'm buying for decades of passive income.

Few stocks offer a dividend as spectacular as Ares Capital (NASDAQ: ARCC). As a business development company (BDC), Ares must return at least 90% of its income to shareholders in the form of dividends for its profits to be exempt from taxes. The company has a lot of income to return with its dividend yield topping 9.2%.

Source Fool.com

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