Interest Rate Cuts Are Here: 5 High-Yield Dividend Favorites Are Huge Winners

"Interest rate cuts make high-yield dividend stocks more attractive because they reduce competition from fixed-income investments while lowering the companies' borrowing costs, which can support both dividend sustainability and stock price appreciation. At 24/7 Wall St., we attempt to evaluate the underlying business fundamentals and dividend sustainability before recommending companies to our readers. Often, remarkably high yields can sometimes indicate financial stress rather than opportunity, as was the case with Walgreens this year."

"Fortunately, five of our favorite high-yield dividend stocks are companies that are very attractive from both a yield and a fundamental perspective, and all offer outstanding entry points at current trading levels. There are over 6,650 publicly traded stocks in the United States; not even the most intelligent investors with the best tools can find them all immediately. Many investors and traders typically maintain a small list of key stocks they follow when seeking capital gains or high-yield dividends. We decided to screen our 24/7 Wall St. high-yield database, looking for solid companies yielding at least 7% with solid dividend coverage. Five well-run companies hit our screens, and all look like timely buys now."

"Dividend stocks with high yields offer investors a reliable source of passive income. Passive income is characterized by its ability to generate revenue without requiring the earner's continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence. Apple Hospitality REIT owns one of the largest portfolios of upscale, select-service hotels in the United States. Apple Hospitality REIT Inc. ( NYSE: APLE) is a publicly traded"

Interest rate cuts increase the attractiveness of high-yield dividend stocks by reducing competition from fixed-income investments and lowering companies' borrowing costs, which can support dividend sustainability and stock price appreciation. 24/7 Wall St. evaluates underlying business fundamentals and dividend sustainability before recommending companies. Remarkably high yields can sometimes indicate financial stress rather than opportunity, as was the case with Walgreens. A screen of the 24/7 Wall St. high-yield database targeted companies yielding at least 7% with solid dividend coverage and identified five well-run companies as timely buys. Dividend stocks with high yields provide a reliable source of passive income. Apple Hospitality REIT owns one of the largest portfolios of upscale, select-service hotels in the United States.

Read at 24/7 Wall St.