Want $500 in Annual Dividend Income? Invest $4,100 in These 2 Ultra-High-Yield Dividend Stocks.
Folks looking for a way to bulk up their passive income stream have lots of options, but many require more capital than the average investors can manage. Luckily, there are some ultra-high-yield dividend stocks that just about anyone can afford.
AGNC Capital (NASDAQ: AGNC) and PennantPark Floating Rate Capital (NYSE: PFLT) offer an average yield of about 12.4% at recent prices. That means an investment of about $4,100 spread evenly among them is more than enough to add $500 annually to your passive income stream.
These two ultra-high-yield dividend payers might not raise their payouts significantly in the years ahead, but there's a good chance they can maintain their present payouts. Here's what you should know before adding them to an income-generating portfolio.
Source Fool.com