Looking for high-yield dividend stocks with low risk? Consider Hercules Capital (NYSE: HTGC) and Altria Group (NYSE: MO). Both companies offer dividends above 8% at recent prices, making them attractive options for passive income investors.
Hercules Capital is a business development company that must distribute at least 90% of its profits to shareholders as dividends. Unlike traditional BDCs, Hercules focuses on providing venture capital to start-ups in exchange for equity or warrants.
Altria Group, on the other hand, is a well-known tobacco company that has a history of meeting its dividend commitments and increasing its payouts over time.
Both stocks could be valuable additions to any portfolio looking to boost passive income.