This Stock Has a “Hidden” 6.1% Yield (and Rises With Interest Rates)

Today we’re going to bulk up our dividends—and position ourselves for some nice gains—with a group of stocks that pay us four ways as interest rates head skyward: By paying a dividend; By growing their dividend; By repurchasing shares, and; Through the pure profits they “bank” (hint!) as rates rise. Let’s take that fourth point first, because as you likely know, the 10-year Treasury rate—which drives rates on everything from mortgages to car loans—is en fuego, having surged from 0.9% to more than 1.5% in less than two months. Granted, a 1.5% Treasury rate would be considered low pre-pandemic. But now it has us choking on our morning coffee!… Read more