In today's investing climate, generating high income is more important than ever before. With inflation on the rise, the spending power of the dollar is decreasing, meaning that your money won't buy as much in the future as it does now. Inflation is the rate at which the general level of prices for goods and services is rising and subsequently, purchasing power is falling.
One way to outpace inflation is by investing in high yield income stocks. These are stocks that pay out dividends to shareholders on a regular basis, with a yield above 10% providing an extremely high income stream. The best high yield income stocks to buy now are:
- LTC Properties Inc. (LTC): This healthcare real estate investment trust (REIT) is a high yield dividend payer, with a current yield of 10.4%. LTC acquires and manages properties for the healthcare industry, providing a reliable source of income for investors.
- Frontier Communications Corporation (FTR): This telecommunications company is a high yield dividend payer, with a current yield of 12.5%. Frontier Communications provides voice, broadband, and video services to customers in the US, providing a reliable source of income for investors.
In addition to providing a steady stream of high income through dividends, these stocks also have the potential for appreciation in the value of the stocks themselves. This means that not only are you receiving high income from the dividends, but the value of your investment can also increase. This is a powerful combination that can help investors outpace inflation over time.
Investing in high yield income stocks is a great way to protect your wealth and ensure that your money continues to work for you in the face of inflation. With LTC Properties Inc and Frontier Communications Corp, investors have access to three of the best high yield income stocks in the market, providing both a steady stream of high income and the potential for appreciation.
Please note, High yield dividend stocks are considered to be high risk, and investors should be aware of the risk before investing. It's always important to do your own research and diversify your portfolio. Here's the 3rd and final pick:
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