3 Financial Stocks to Buy That Pay You 10% to 17% a Year in Dividends
These stocks offer monster dividend yields.
Three financial stocks are currently offering dividend yields ranging from 10% to 17%, despite the recent surge in interest rates. Ares Capital, AGNC Investment, and Ladder Capital are the three stocks attracting investors looking to boost their passive income. Ares Capital, a business development company (BDC), invests directly in private middle-market companies, with a strong track record of paying stable or increasing dividends.
The company's recent acquisition of MidCap Financial will expand its portfolio and enhance its dividend-paying capacity. Ladder Capital, a real estate investment trust (REIT), focuses on commercial mortgages and currently yields 10.8%. Its strong balance sheet and focus on income-generating loans make it an intriguing option for investors seeking high-yielding dividends.
AGNC Investment, a mortgage REIT, invests in residential mortgage-backed securities (MBS) and has maintained its current dividend since the pandemic-driven reset in 2020. While all three stocks carry higher risk compared to other dividend stocks, their ability to generate cash flow from investing in interest-paying loans makes them appealing for investors seeking a significant income boost.
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