Ultra-High Yield Dividend Stock Investment Strategies for Passive Income Seekers

Tuesday, 16 April 2024, 08:21

Discover the recent activity of billionaires investing in ultra-high yield dividend stocks. Explore insights on Hercules Capital and Altria Group, analyzing their dividend yields and market trends. Is it wise to follow billionaire investment moves, or should investors consider other opportunities for portfolio growth?
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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.


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.


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