"Maximizing 2024 Passive Income: Top Dividend Stocks and Strategies to Invest In"

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Source: The Motley Fool
"Maximizing 2024 Passive Income: Top Dividend Stocks and Strategies to Invest In"
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TL;DR Summary

The article discusses investing $125,000 across four high-yield dividend stocks—Rithm Capital, Altria, Verizon Communications, and AT&T—to potentially generate $10,000 in passive income in 2024. Rithm Capital offers a 9.7% yield, Altria 9.5%, Verizon 6.8%, and AT&T 6.4%. Each company presents unique opportunities and challenges, such as Rithm's position in a high-interest rate environment, Altria's diversification into smokeless tobacco and vaping, Verizon's robust free cash flow despite a competitive market, and AT&T's revenue growth and debt reduction despite a recent dividend cut. The article suggests that these stocks could be undervalued and provide a steady income stream for investors.

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