Investing in high-quality dividend stocks can be a successful strategy for building wealth. Some ultra-high-yield stocks can provide substantial income generation while being relatively safe. To earn an average of $100 per month in super safe dividend income, consider investing $13,800 into three ultra-high-yield stocks: Enterprise Products Partners (7.62% yield), PennantPark Floating Rate Capital (11.26% yield), and Verizon Communications (7.24% yield). These stocks have proven track records, predictable cash flows, and favorable market conditions that make them attractive options for income investors.
The first exchange traded fund (ETF) to trade in "zero-day-to-expiry" options, which are contracts with a maturity of 24 hours or less, has launched in the US. The Defiance Nasdaq Enhanced Option Income ETF (QQQY) has been listed on the Nasdaq stock exchange, with a sister product, the Defiance S&P 500 Enhanced Option Income ETF (JEPY), set to launch next week. These ETFs will sell zero-day put options and have similar pay-off structures to covered call ETFs. Zero-day options have surged in popularity, accounting for 43% of overall S&P 500 options volume. The ETFs aim to generate daily premium income and appeal to investors seeking high-income investment strategies. However, some experts have raised concerns about the complexity and risks involved in options-based strategies.
