"Uncovering Dividend Gems: 3 Powerhouses for Reliable Passive Income in 2024"

Investing $123,500 in three high-yield dividend stocks, namely Ares Capital, Enterprise Products Partners, and Verizon Communications, could potentially generate $10,000 in reliable passive income in 2024. Ares Capital offers a dividend yield of 9.73% and has a track record of stable or increasing dividends. Enterprise Products Partners has a distribution yield of 7.55% and a history of consistently increasing distributions. Verizon Communications, with a dividend yield of over 7%, has seen its dividend increase for 17 consecutive years and has a secure cash flow. While there are risks associated with stock price fluctuations, these stocks offer attractive opportunities for passive income.