1 Spectacular Dividend Stock Yielding Close to 10% to Buy for the Second Half of 2024

With most stocks trading at premium valuations, investors can get a safe and simple return from this dividend giant. The market has soared since the beginning of 2023. The S&P 500 index has posted a total return level of 48% over that time frame, pushing the index's price-to-earnings (P/E) ratio of nearly 29. This is much higher than the long-term market average, with many popular stocks such as Apple, Nvidia, and Microsoft trading at even higher multiples. High earnings ratios likely mean high risks for st ...