Seeking out high-growth businesses that can generate market-beating returns can be quite entertaining. However, it seems that, more often than not, growth stocks carry a lot of volatility, which can be unnerving at times.

Investing in steady, slower-growth businesses can be the more prudent option. By splitting up a total investment of $125,000 into the four high dividend yield companies discussed below, you might be able to add as much as $10,000 of dividend income to your portfolio this year.

Let's check out the pros and cons of each company and assess why 2024 could be a great opportunity to open positions.

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Source Fool.com