Investors love dividend stocks, especially the ultra-high-yield variety, because they offer significant passive income streams and have massive total return potential. Total return includes interest, capital gains, dividends, and distributions realized over time.
The more passive income can help cover costly and rising costs like mortgage, insurance, taxes, and other monthly bills and expenses, the easier it is for investors to put away money for future needs as they build to retirement.
We screened our 24/7 Wall St. ultra-high-yield universe, looking for companies paying among the largest dividends and offering investors the best current entry point. Five came up that those looking to generate passive income to help with monthly bills should grab now.
This post originally appeared at 24/7 Wall St.