When building a retirement portfolio, focusing on the best high-yield dividend stocks to buy can result in better long-term outcomes than timing the market. That’s because when a company offers both a high dividend yield and performs well year-over-year, the value of an investor’s position can compound rapidly. Luckily, record and dividend histories exist for all publicly traded companies in the U.
S., which can help inform buying decisions. Moreover, these high-yield dividend stocks can help hedge cash savings against inflation, as they are exceptional at maturing at a rate higher than the average 2% to 3% that the Federal Reserve aims for.
Thus, for investors looking to use their money to make more money in the future, companies with a history of stable performance and upholding shareholder dividends are the way to go. As such, here are three of the best high-yield dividend stocks to buy and continually re-invest earnings in for a bigger retirement account. Altria Group (MO) Though cigarettes may be going out of fashion, with some predicting they’ll be completely gone in 10 years, Altria Group (NYSE: MO ) doesn’t seem to be burning out any time soon.
On the contrary, the company has found several ways to change the narrative around its operations and become part of the push toward a smokeless future. Altria is now rushing to make its NJOY e-cigarettes and ON! nicotine pouches more competitive to draw in customers who are accustomed to smoking. It is also working to e.