Ultra-High Yield Dividend Stock Investment Strategies for Passive Income Seekers
Hercules Capital
Investors seeking passive income like to buy BDCs because these businesses don't have to pay income taxes as long as they return at least 90% of their earnings to shareholders as a dividend. Hercules offers a regular quarterly cash dividend of $0.40 per share, which works out to an 8.8% yield at recent prices.
Altria Group
Altria's dividend payout has risen just 22.5% over the past five years, but it could still produce heaps of passive income. At recent prices, it offers a huge 9.5% yield. Despite challenges from illicit flavored e-cigarettes, Altria Group reported adjusted earnings that rose 2.3% last year.
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