3 Ultra-High-Yielding Dividend Stocks to Buy With $1,000

When there is uncertainty in the market, it's a good time to think about putting some money into dividend stocks. They may not be as exciting as growth stocks, but they can deliver reliable passive income -- and perhaps keep your blood pressure a bit lower as well.

And if you are looking for dividends, then it's always a good idea to check out real estate investment trusts (REITs). Income investors like to see a company that can sustain a high dividend yield -- that is, the amount of cash it pays shareholders as a percentage of share price -- and REITs must pay out 90% of their taxable income in the form of dividends.

REITs took a bit of a hit during the pandemic, but the three stocks I will talk about today are all in decent shape and all have very high yields right now. Invest $1,000 in one of these or all three of these to diversify and you should easily be able to make close to or more than $100 in annual passive income. Let's take a look.

Source Fool.com