Say Hello to the 3 Ultra-High-Yield Dividend Stocks I'm Counting On to Make Me Richer
Though there a lot ways to make money on Wall Street, buying and holding dividend stocks has historically been one of the top strategies.
Last year, a study released by the Hartford Funds, in cooperation with Ned Davis Research, found that dividend-paying companies delivered an annualized return of 9.18% between 1973 and 2022. That compared to an annualized return of 3.95% for non-paying companies over the same five-decade stretch. While not all dividend stocks are created equally, the takeaway is that profitable, time-tested income stocks have a knack for making patient investors richer.
Entering 2024, I held stakes in 45 stocks -- 19 of which are currently paying a dividend. Though I'm still young enough to favor the upside potential of innovative growth stocks, I've grown fonder of dividend stocks in my 40s.
Source Fool.com
