3 Ultra-High-Yield Dividend Stocks That Thrive Off of High Inflation
You aren't imagining things: That cash in your wallet isn't going nearly as far as it used to.
According to data from the U.S. Bureau of Labor Statistics, the trailing-12-month inflation rate hit 8.3% in April. That's just a hair below the four-decade high of 8.5% reached a month prior. While some level of inflation is normal and healthy, too much of it can cause consumers and businesses to pass on discretionary purchases. It's why the Federal Reserve has chosen to get aggressive with interest rate hikes.
However, not all stocks respond poorly to high-inflation environments. In fact, three ultra-high-yield dividend stocks -- an arbitrary term I'm using to describe income stocks with at least a 7% yield -- tend to thrive off of high inflation.
Source Fool.com
