If I Could Only Buy 2 High Dividend Yield Companies In October 2024: One Yields Above 9%

Oct. 15, 2024 6:00 PM ET, , , 42 Comments
Frederik Mueller
10.38K Followers
(20min)

Summary

  • Selecting high-dividend companies for your investment portfolio can enhance your portfolio’s ability to produce dividend income and reduce portfolio volatility.
  • From my list of 10 high dividend yield companies to consider investing in during October 2024, I have selected two companies that, I believe, are particularly attractive.
  • Both companies effectively combine dividend income with dividend growth, and one of them is particularly efficient in contributing to reducing the volatility of your portfolio.
  • I suggest setting an allocation limit of 4% for one and 2% for the other, ensuring a reduced company-specific concentration risk for your dividend portfolio.

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Investment Thesis

In times of higher market volatility, dividend income-producing companies can be important strategic components of your portfolio because as well as producing dividend income to help you cover your monthly expenses, they can also

This article was written by

10.38K Followers
I specialize in constructing investment portfolios aimed at generating additional income through dividends. My focus lies on identifying companies with significant competitive advantages and strong financials that can provide you with an attractive Dividend Yield and Dividend Growth, thus enabling you to augment your dividend income annually. By combining high Dividend Yield and Dividend Growth companies, you can gradually reduce your dependence on the broader stock market fluctuations.I also assist you in achieving a well-diversified portfolio across various sectors and industries. This diversification strategy aims to minimize portfolio volatility and mitigate risk. I also suggest incorporating companies with a low Beta Factor, which further contributes to reducing the overall risk level of your investment portfolio. My suggested investment portfolios commonly consist of a blend of ETFs and individual companies, emphasizing broad diversification and risk reduction.The selection process for high dividend yield and dividend growth companies within the investment portfolio is meticulously curated. I prioritize the pursuit of total return, encompassing both capital gains and dividends, rather than solely focusing on dividends in isolation. This approach ensures that your portfolio is designed to maximize returns while considering the full spectrum of potential income sources. By leveraging my expertise, you can benefit from a well-crafted investment portfolio that aims to generate extra income through dividends, while reducing risk through diversification, and prioritizing total return.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of SIXGF, ARCC, BRK.B, AAPL, JNJ, O, BLK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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