Investors love dividend stocks, especially the high-yield variety because they offer a significant income stream and have massive total return potential. Total return includes interest, capital gains, dividends, and distributions realized over time.
Passive income is characterized by its ability to generate revenue without requiring the earner's continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence.
We screened our 24/7 Wall St. high-yield passive income stock database, looking for quality stocks that pay at least a 6% dividend. Four companies that look like bargains caught our eye.
High-yield dividend stocks are in big demand as interest rates drop, with expectations for another cut in November that might incentivize more investors to pursue income-generating assets.
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