If you’re looking for passive income to help pay the bills, dividends can be a great investment strategy. However, it’s important to be cautious when chasing high dividend yields, as they can sometimes indicate trouble within a company.
Despite this, there are some ultra-yield stocks that buck the trend and offer reliable dividends. For example, Altria, a tobacco giant, offers a solid 8.5% dividend yield. The company has a long history of dividend growth and a comfortable payout ratio, making it a reliable choice for investors.
Realty Income is another great option, with a 5.9% dividend yield. As a real estate investment trust specializing in retail properties, Realty Income has weathered tough times and continued to raise its dividend. The company’s dividend payout ratio is also solid, providing investors with a steady income stream.
Lastly, AT&T, a telecommunications giant, offers a 5.9% yield. While the company did cut its dividend in 2022 due to debt issues, it has since improved its financial position and is now back on track. With a lower payout ratio and a recession-proof business model, AT&T is set to provide generous dividends in the future.
Overall, these three stocks offer attractive dividend yields that investors can count on for reliable income. It’s important to do your own research and consider your own financial goals before investing in any company.