Best Ultra-High Dividend Stocks for 2024 Investment Recommendations
Monday, 1 April 2024, 07:47
Top Ultra-High Dividend Stocks for Investment & One to Avoid in 2024
Here are two stocks that are likely to continue paying hefty dividends to investors, and one that might cut it.
Devon Energy (trailing dividend yield of 5%)
- Flexible fixed-plus-variable dividend payment strategy
- Strong track record of reducing share count and growing resources
Whirlpool for a housing recovery and its 6.3% dividend yield
- Focus on North American market growth and cost-cutting measures
- Strategic move to transfer major European business for better operating focus
Don't buy 3M for its 5.7% dividend yield
- Restructuring challenges and legal costs impacting cash flows
- Uncertainties surrounding dividend sustainability post healthcare business spinoff
Explore the potential investment outlook and risks associated with these high-yield stocks in 2024.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.