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Dividend stocks are a must-have in a well-diversified investment portfolio, offering regular income and minimizing overall risk. However, when looking for a good dividend stock, investors should consider more than just the dividend yield. Financial stability and dividend sustainability are equally important factors.

After analyzing several stocks, we’ve identified two of the best dividend payers for 2024. By buying these quality stocks now, you can earn a dividend within the next three months.

The Allstate Corporation (NYSE:ALL), a high-yield dividend stock, has paid consistent dividends for the last 14 years. With a quarterly dividend yield of 2.17% and a strong financial position, Allstate is a top choice for dividend investors. To lock in the $0.92 per share dividend, purchase the stock before the ex-dividend date of May 31, 2024.

Federal Realty Investment Trust (NYSE:FRT), a dividend king and real estate investment trust (REIT), has increased its dividend payments for 56 consecutive years. With a strong balance sheet and an annual dividend of $4.36 per share, FRT is another excellent option. To receive the dividend payment on July 15th, buy the stock before June 21, 2024.

Diversify Your Income Portfolio With These High-Yield Options

While these dividend stocks are attractive, savvy investors should also consider alternative income investments to further diversify their portfolios. Two such options are the Ascent Income Fund and Basecamp Alpine Notes from EquityMultiple.

The Ascent Income Fund targets stable income from senior commercial real estate debt positions, offering a compelling yield backed by real assets. With a historical distribution yield of 12.1%, payment priority, and flexible liquidity options, the Ascent Income Fund is a cornerstone investment vehicle for income-focused investors. For a limited time, first-time investors with EquityMultiple can invest in the Ascent Income Fund with a reduced minimum of just $5,000.

Click here to learn more about the Ascent Income Fund.

Basecamp Alpine Notes from EquityMultiple provide another powerful short-term cash management tool, offering a target APY of 9.00% over a 3-month term with a minimum investment of only $1,000. These notes offer high liquidity and compelling rates with compounding interest, making them an ideal choice for investors looking to build their real estate portfolio.

Click here to put your idle cash to work with Basecamp Alpine Notes. 

While dividend stocks like Allstate and Federal Realty Investment Trust are excellent additions to your portfolio, don’t overlook the potential of alternative income investments. The Ascent Income Fund and Basecamp Alpine Notes from EquityMultiple provide unique opportunities to enhance your investment strategy and create a more diversified, resilient portfolio that can weather any market condition.

This article Buy These 2 Stocks Now To Collect Their Next Dividend Payments originally appeared on Benzinga.com