Stocks with high dividends 2024 should always be a part of your portfolio.
Sure, they may not be as exciting as small cap biotech stocks and call options, but they’re steady and reliable. And there’s nothing boring about steady and reliable gains.
Take Home Depot stock, for instance. Our analysts have traveled the world over, dedicated to finding the best and most profitable investments in the global energy markets. All you have to do to join our Energy and Capital investment community is sign up for the daily newsletter below.
Home Depot (NYSE: HD) has long been a safe bet. There’s not a lot of risk with a stock like Home Depot, and it’s actually increased its dividend 5 times over the past five years. Today, it pays a 2.75% dividend. And the stock itself has performed quite well over the past ten years …
Of course, when we think about stocks with high dividends, we don’t think about Home Depot. While the stock has definitely delivered for more than a decade, the 2.75% dividend is mildly generous compared to some of the other higher-paying dividend stocks out there.
Know These 7 Stocks With High Dividends 2024
While not all stocks with high dividends are good investments, it’s still worth your time to know which are paying the highest dividends. Some of these include…
- Icahn Enterprises (NASDAQ: IEP) — Dividend: 24.5%
- Petroleo Brasileiro S.A. (NYSE: PBR) — Dividend: 10.7%
- Star Bulk Carriers (NASDAQ: SBLK) — Dividend: 11.9%
- CVR Partners, LP (NYSE: UAN) — Dividend: 11.8%
- Vale S.A. (NYSE: VALE) — Dividend: 15.7%
- Barings BDC, Inc. (NYSE: BBDC) — Dividend: 10.6%
- Delek Logistics Partners (NYSE: DKL) — Dividend: 10.9%
Of course, finding the right stocks with high dividends isn’t just about the dividend itself.
To go back to our Home Depot, example. The dividend isn’t as big as some of the ones I just mentioned, but the stock itself has delivered gains in excess of 320%. Or an average of about 32% per year. To put that in perspective, the S&P 500 has averaged about 17% per year, over the past ten years.
My point is that while there are plenty of stocks out there that pay a higher dividend than Home Depot, not all will deliver yearly gains of 32% over the course of ten years. So while dividends are certainly important, you still don’t want to invest in a high dividend stock that performs poorly and loses value year after year.
After all, if you own a stock that offers a 10% dividend, but loses more than that every year in value, you’re simply wasting your money. And aside from communists and politicians, there’s nothing I hate more than wasting money.
Which is why I’m a huge advocate of this new Bitcoin loophole strategy that allows you to tap into the meteoric growth of Bitcoin without actually having to own any of it.
I actually told you about this last week. It’s an opportunity that’s already soared in value by more than 6,800%, turning a $5,000 stake into more than $348,200. That’s not chump change. And it’s definitely a hell of a lot more than you’ll make from any stocks with high dividends 2024.
Not that I have a problem with high dividend stocks. As I mentioned earlier, these stocks should always be a part of your portfolio. But so should the stocks that can earn you the most amount of money in the shortest amount of time. And without a doubt, this is one of those stocks.
Now I have to be honest. I’m not actually an expert on bitcoin, but my good friend and colleague Brian Hicks is. And his latest research note highlights this opportunity, and even shows you exactly how you can start getting a piece of this action for yourself — right now. To a new way of life and a new generation of wealth… Jeff Siegel
@JeffSiegel on Twitter
Check us out on YouTube!Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.
Want to hear more from Jeff? Sign up to receive emails directly from him ranging from market commentaries to opportunities that he has his eye on.
