Looking For A High-Yield Dividend Stock To Buy? Here Are Two Analyst Picks Plus One Ultra High-Yield Alternative.

High-yield dividend stocks are essential for investors seeking a stable income stream and relative safety in unfavorable market conditions. However, not all high-yield dividend stocks are worth investing in. The best options are backed by strong financial health and have a history of consistent payments.

According to Wall Street analysts, the top two high-yield dividend stocks in 2024 are Realty Income Corp O and AT&T Inc T. Both stocks have a yield of over 5% and an annual growth rate of over 3%.

Realty Income Corp, a dividend aristocrat with 28 years of consistent dividend payments, is an S&P 500 company invested in over 5,900 real estate properties leased to high-quality commercial tenants. With a market cap of $46.6 billion and a trailing 12-month dividend yield of 5.72%, Realty Income Corp offers monthly dividends with substantial quarterly increments. The company has maintained a dividend growth rate of 3.70% over the last ten years.

AT&T Inc, a telecommunication giant, is another top pick for a consistent high-income stream. With a strong financial outlook and rapidly rising free cash flow, AT&T is well-positioned to pay sustainable dividends. The company offers a quarterly dividend yield of 6.35% at a payout ratio of 60%, and many analysts rate AT&T as undervalued, recommending it for medium-term and long-term investing.

One Alternative Option Paying 9%

While these high-yield dividend stocks provide an excellent opportunity for long-term income, savvy investors should also consider short-term investment options to further diversify their portfolios. One such option is Basecamp Alpine Notes from EquityMultiple.

Basecamp Alpine Notes offer a powerful short-term cash management tool, with a target APY of 9.00% over a 3-month term and a minimum investment of only $1,000. These notes provide high liquidity and compelling rates with compounding interest, making them an ideal choice for investors looking to build their real estate portfolio. 

In addition to their attractive returns, Basecamp Alpine Notes are exclusive to first-time investors on the EquityMultiple platform. This means that investors new to EquityMultiple have a unique opportunity to take advantage of these favorable terms and start building their real estate portfolio with a low-risk, high-yield investment.

Click here to put your idle cash to work with Basecamp Alpine Notes.

While high-yield dividend stocks like Realty Income Corp and AT&T Inc are excellent choices for a stable, long-term income stream, investors should also consider short-term investment options like Basecamp Alpine Notes from EquityMultiple. By diversifying their portfolios with a mix of long-term and short-term investments, investors can create a more resilient and balanced approach to wealth-building in any market condition.