"Top Dividend Stocks of 2024: High Yields and Growth Picks for Passive Income"

Investors seeking $100 in monthly dividend income in 2024 can invest $11,925 into three high-yield stocks: Realty Income, PennantPark Floating Rate Capital, and AGNC Investment, which offer average yields of 10.07%. Realty Income, a retail REIT, has a track record of increasing dividends and a portfolio resilient to economic downturns. PennantPark, a BDC, focuses on debt securities with high yields and has benefited from rising interest rates. AGNC Investment, a mortgage REIT, has sustained high yields and may benefit from potential Federal Reserve rate cuts and a normalized yield curve in 2024.