According to economists, the US economy will grow at a rate of around 7% in 2021. This number would represent the economy’s best performance since 1984. The International Monetary Fund has also increased its growth prediction for the United States for 2021 by 0.6 percent. Dividend stocks like Bristol-Myers Squibb Company, Altria Group, Inc., and Verizon Communications have a track record of beating the market. From 1928 through 2013, high-yielding stocks outpaced low-yielding equities by around 1.7 percent per year. During the negative periods between 1900 and 2000, dividend stocks generated 90% of the S&P 500’s total return.
Insider Monkey looks at the 10 high yield dividend stocks to buy in August. Prospect Capital Corporation is ranked 10th. The firm’s investments are mostly in debt and equity in US middle-market companies. PSEC is up 17.4% in the last six months and 45.74 percent for the year. American Finance Trust, Inc is ranked 9th. The firm specializes in acquiring a high-quality single-tenant and multi-tenant portfolio. It has increased by 5.12% in the last six months and by 9.91% year to date. Oxford Square Capital Corp. is a capital market business that ranks eighth on our August list of high yield dividend companies to buy. By investing in coHigh Yc corporate debt instruments, the corporation hopes to optimize the total return on its portfolio. Dynex Capital, Inc. is ranked seventh. The firm maintains a diversified and leveraged fixed-income portfolio and is situated in Virginia, United States. Analyst Eric Hagen has a Buy recommendation on BTIG. AGNC Investment Corp. is ranked 6th. Residential mortgage pass-through securities and collateralized mortgage obligations are among the investments made by the firm. It has increased by 2.27 percent this year and 14.56 percent in the previous year. For more details, click 10 High Yield Dividend Stocks to Buy in August.
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