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Dividend kings, companies that have consistently increased their annual dividend payments for the last 50 years, are an excellent choice for investors seeking stable income without sacrificing growth. Highly successful investors like Warren Buffett and George Soros are known to invest in these stocks.
In 2024, less than 1% of U.S.-listed companies qualify as dividend kings. After analyzing these rare companies, we’ve identified two high-yield dividend stocks that can provide a reliable dividend income in 2024 and beyond.
The Coca-Cola Company (NYSE:KO), with a strong 60-year dividend history, tops the list of dividend kings in 2024. Warren Buffett’s Berkshire Hathaway has held 400 million shares since 1988, and Buffett has stated that dividend payments alone have justified the $1.3 billion investment. Coca-Cola’s 3.08% dividend yield and 73.73% payout ratio make it an attractive option. To earn a dividend on July 1, 2024, buy now before the ex-dividend date of June 14, 2024.
Dover Corporation (NYSE:DOV), a global industrial manufacturer with annual revenues surpassing $9 billion, boasts a 67-year history of consistent and increasing dividend payments. With a 1.1% annual dividend yield and a 19.51% payout ratio, Dover Corp is a dividend-paying growth stock with high potential for capital gains. Purchase the stock before the ex-dividend date of May 31, 2024, to earn dividends on June 14, 2024.
Boost Your Portfolio’s Income With These High-Yield Alternatives
While dividend kings provide reliable passive income, savvy investors should also consider high-yield alternative investments to further diversify their portfolios. Two such options are the Ascent Income Fund and Basecamp Alpine Notes from EquityMultiple.
The Ascent Income Fund targets stable income from senior commercial real estate debt positions, offering a compelling yield backed by real assets. With a historical distribution yield of 12.1%, payment priority, and flexible liquidity options, the Ascent Income Fund is a cornerstone investment vehicle for income-focused investors. For a limited time, first-time investors with EquityMultiple can invest in the Ascent Income Fund with a reduced minimum of just $5,000.
Click here to learn more about the Ascent Income Fund.
Basecamp Alpine Notes from EquityMultiple provide another powerful short-term cash management tool, offering a target APY of 9.00% over a 3-month term with a minimum investment of only $1,000. These notes offer high liquidity and compelling rates with compounding interest, making them an ideal choice for investors looking to build their real estate portfolio.
Click here to learn more about Basecamp Alpine Notes.
While dividend kings like Coca-Cola and Dover Corporation are excellent additions to your portfolio for reliable long-term passive income, don’t overlook the potential of high-yield alternative investments. The Ascent Income Fund and Basecamp Alpine Notes from EquityMultiple provide unique opportunities to enhance your investment strategy and create a more diversified, resilient portfolio that can weather any market condition.
This article Buy These Dividend Kings for Reliable Long-Term Passive Income (And Explore These High-Yield Alternative Investments) originally appeared on Benzinga.com
