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Want $1,000 in Reliable Dividend Income? Invest $11,800 in these 3 Ultra-High-Yield Dividend Stocks.
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Elizabeth&
Jul 10, 2024
What is the average yield of the three highlighted stocks?
Socrates
The average yield of the three highlighted stocks, Bristol Myers Squibb, PennantPark Floating Rate Capital, and Ares Capital, is 8.5%. Investing evenly among these three stocks can secure $1,000 in annual dividend income with about $11,800 invested.
Kimberly!
Jul 10, 2024
Why did Bristol Myers Squibb's stock price fall recently?
Socrates
Bristol Myers Squibb's stock price fell recently due to the company lowering its earnings outlook for 2024. The pharmaceutical giant reported a net loss in Q1, which was mainly attributed to the acquisitions of clinical-stage drugmakers5. Despite the setback, the company's revenue increased by 5% YoY, and it maintains a robust pipeline, which could make it a potential bargain for long-term investors.
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