Investing $100,000 in These 3 Ultra-High-Yield Dividend Stocks Could Bring $10,000 in Passive Income to Your Portfolio in 2024
One of the best ways to create wealth is by investing in companies that pay a dividend. While many different types of companies pay dividends, business development companies (BDCs) represent a unique opportunity. BDCs are required to pay out 90% of their taxable income to investors each year. For this reason, BDCs tend to garner a lot of attention from investors looking to supplement their portfolio with some dividend income.
Investing $100,000 in the three ultra-high-yield BDCs discussed below could generate $10,000 of passive income for your portfolio this year.
Hercules Capital (NYSE: HTGC) is a prominent BDC that lends money to companies in the technology, life sciences, and energy sectors. The company specializes in an instrument called venture debt -- or loans made at high interest rates.
Source Fool.com
