"2024's Top Dividend Stocks: High Yields and Growth Picks for Secure Passive Income"
To secure $100 in monthly dividend income in 2024, an investment of $11,925 split equally among three high-yield stocks—Realty Income, PennantPark Floating Rate Capital, and AGNC Investment—is suggested. These stocks offer an average yield of 10.07% and have characteristics such as resilience to economic downturns, secured debt investments, and government-backed securities, which contribute to their safety as income-generating assets. Realty Income, a retail REIT, has a history of consistent dividend growth, PennantPark benefits from high-interest rates on middle-market debt investments, and AGNC could see improved margins if the Federal Reserve cuts interest rates as expected.
