You can easily find high-quality dividend stocks to buy. However, the task becomes more difficult when you narrow your search down to only stocks that pay ultra-high dividend yields. By the way, my definition of an "ultra-high" yield is one that's at least 4x the yield of the S&P 500, which currently puts the threshold at around 5.8%. But it's not impossible to find great stocks that clear the demanding hurdle. These are the three best ultra-high-yield dividend stocks to buy right now, in my opinion (listed by descending yield)...
Income investors will find a lot to like about these stocks: Business development companies (BDCs) often pay attractive dividends. They must return at least 90% of their taxable income to shareholders in the form of dividends. I think that Ares Capital (ARCC -1.64%) ranks as the top BDC around. Limited partnerships in the energy sector are also known for paying exceptional distributions. Energy Transfer LP (ET -1.96%) especially jumps out with its distribution yield of over 8.8%. Enterprise Products Partners (EPD -0.79%) is another great pick in the midstream energy market. Its distribution yield currently stands at nearly 7.3%.
Source: Motley Fool
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These Are the 3 Best Ultra-High-Yield Dividend Stocks to Buy Right Now
Posted by D4L | Monday, October 23, 2023 | ArticleLinks | 0 comments »________________________________________________________________
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