3 High-Yield Dividend Stocks to Buy in the 2nd Half of 2024 and Hold at Least a Decade

The market has seen a bull run, with tech stocks leading the gains. However, there are still high-yield dividend stocks that are flying under the radar. Companies like Medtronic (NYSE: MDT), Agree Realty (NYSE: ADC), and Realty Income (NYSE: O) offer an average yield of about 4.7% at recent prices.

Medtronic is the world’s largest developer and manufacturer of medical devices. With a 3.6% dividend yield, the company has a history of raising its dividend payout for 47 consecutive years. Medtronic’s acquisition of Mazor Robotics for $1.6 billion in 2018 has strengthened its neuroscience portfolio, showing potential for steady growth in the future.

Agree Realty, a real estate investment trust (REIT), offers a 4.7% yield and has been increasing its dividend payments steadily since 2011. The company’s long-term net leases provide predictable cash flows, with room for payout increases in the future.

Realty Income, another net-lease REIT, focuses on commercial properties like grocery stores and dollar stores. With a 5.7% dividend yield, the company has been raising its dividend payout every quarter since 1994. While rapid growth may not be expected, Realty Income has the resources to continue consolidating its market.

Investors looking for high-yield dividend stocks with long-term potential may find Medtronic, Agree Realty, and Realty Income to be solid options for the future.