"Unstoppable High-Yield Dividend Stocks: Your Path to $1,000 Annual Dividend Income by 2024"

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Source: The Motley Fool
"Unstoppable High-Yield Dividend Stocks: Your Path to $1,000 Annual Dividend Income by 2024"
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TL;DR Summary

Investing $11,930 in high-yield dividend stocks like AT&T, PennantPark Floating Rate Capital, and Altria Group can generate $1,000 of annual dividend income in 2024. AT&T offers a 6.7% dividend yield and is experiencing growth in its mobility-service and consumer broadband segments. PennantPark Floating Rate Capital provides a 10.3% dividend yield and benefits from lending to middle-market businesses. Altria Group, with a 9.2% dividend yield, has been able to raise prices on its Marlboro brand and expand into non-combustible products. These stocks have a history of increasing payouts, making them attractive options for passive income.

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