"Maximizing Passive Income: Top Dividend Stocks for 2024"

Investing in dividend stocks has historically been a successful strategy for wealth accumulation. The author, in their 40s, has shifted focus to high-yield dividend stocks, including Annaly Capital Management with a 13.47% yield, Innovative Industrial Properties with a 7.73% yield, and PennantPark Floating Rate Capital with a 10.44% yield. Annaly is a mortgage REIT poised to benefit from an expected rate-easing cycle and a normalized Treasury yield curve, while IIP, a cannabis REIT, has successfully navigated challenges and benefits from triple net leases. PennantPark, a BDC, focuses on debt investments with a high yield and a low nonaccrual rate, making it an attractive income-driven investment.