Want Safe Dividend Income in 2024 and Beyond? Invest in the Following 3 Ultra-High-Yield Stocks.

For investors seeking a reliable stream of income, dividend stocks can be an attractive option. While high dividend yields can be enticing, it's crucial to assess the sustainability and growth potential of the dividends. This article highlights three ultra-high-yield dividend stocks that offer a combination of safety, stability, and growth potential.

1. British American Tobacco (BTI)

British American Tobacco (BTI) is a multinational tobacco company with a strong global presence. Despite the ongoing smoking-cessation movement, BTI's dividend remains well-supported by its robust earnings. The company's extensive portfolio of cigarette brands, such as Pall Mall, Camel, and Lucky Strike, continues to generate significant revenue. Additionally, BTI is actively developing alternative nicotine products, such as vaping and heated-tobacco devices, to diversify its revenue streams.

BTI's dividend yield currently stands at an attractive 8.4%, and the company has a history of consistent dividend growth. The company's financial health and stable business model suggest that its dividend is well-positioned to continue growing in the future.


2. Verizon Communications (VZ)

Verizon Communications (VZ) is a leading telecommunications company that offers a combination of growth and income. While Verizon's growth prospects may be modest, its consistent profitability and reliable dividend make it an attractive choice for income-oriented investors.

Verizon's dividend yield is currently around 6.3%, and the company has a strong track record of dividend growth. The company's market-leading scale and consistent earnings before interest, taxes, depreciation, and amortization (EBITDA) support its reliable dividend payouts.


3. Ambev S.A. (ABEV)

Ambev S.A. (ABEV) is a multinational beverage company with a significant presence in Latin America. Although beer consumption is facing headwinds due to inflation and changing consumer preferences, Ambev's dividend remains well-supported by its strong financial position and diverse product portfolio.

Ambev's dividend yield is currently just under 6.5%, and the company has a history of consistent dividend growth. The company's financial health and stable business model suggest that its dividend is well-positioned to continue growing in the future.


In conclusion, investors seeking safe dividend income in 2024 and beyond should consider the following three ultra-high-yield dividend stocks: British American Tobacco (BTI), Verizon Communications (VZ), and Ambev S.A. (ABEV). These companies offer a combination of safety, stability, and growth potential, making them attractive choices for income-oriented investors.