Reliable high-yielders are your best friends today, and they will likely remain that way for the coming years. That's especially true if they operate as midstream or as a utility. They have a rare combination of defense and growth that no other sector can match. Demand for electricity, gas, and water does not flutter when the headlines turn grim, so cash flow stays predictable and dividends stay funded.
As investors, we love dividend stocks, especially the ones that have high yields since they provide a steady source of income and improve the total return potential. The total return for any investment includes dividends, interest and capital gains. So as we step into September with the hope of the Federal Reserve enacting an interest rate cut, it is time to focus on the high-yield dividend stocks that can generate more passive income for you since fixed income will be less appealing in a lower rate environment.
BofA Securities is the investment banking and capital markets division of Bank of America, one of the largest financial institutions in the United States. The division provides a comprehensive range of services. These include equity and debt underwriting, mergers and acquisitions advisory, sales and trading, research, and capital markets solutions to corporate, institutional, and government clients worldwide. As a major player on Wall Street, BofA Securities competes with other bulge-bracket investment banks and maintains significant market share across various financial services sectors.