If you watch my channel regularly I’m assuming I don’t have to convince you that dividends are great way of giving your investment portfolio a boost of passive income, which is something a lot of people are looking for during periods of high inflation and amid talk of a possible recession. And with stocks falling hard last week, it’s created a great opportunity to pick up great companies at a much cheaper price and thus offering a higher yield on your investing dollars.
But given the market sell off last week, what we’re seeing is some stocks and funds now offering yields of over 20%. This can potentially be a great buying opportunity for investors looking to maximize the amount of dividends they can get for their money. But we have to make sure that at the same time, it’s important to not simply chase stocks offering the highest yields. The higher the yield, the more research I tend to do in a particular company because I need to find out if that companies dividend is gonna be sustainable.
But today we’re gonna look at one particular investment a viewer requested that stands out from all the others I’ve seen. This company stock currently yields over 20% and has grown their dividend every year for the past four years.
