"Top 3 Dividend Stocks With Soaring Yields to Buy for 2024"

As 2024 begins, three ultra-high-yield dividend stocks are highlighted as strong buys due to their impressive yields and solid business foundations. AT&T, with a 6.61% yield, is benefiting from the 5G revolution and has significantly reduced its net debt. PennantPark Floating Rate Capital, offering a 10.17% yield, is a business development company that has thrived due to its variable rate debt portfolio, which benefits from rising interest rates. Altria Group, with a 9.72% yield, continues to exhibit strong pricing power with its dominant Marlboro brand and is making strategic moves towards a smokeless future with investments in e-vapor and cannabis. These stocks present attractive opportunities for income investors seeking substantial dividends with a level of risk mitigation.