wallflowere
2021-04-13
Dividend Investing vs growth investing
3 High-Yield Dividend Stocks That'll Help You Crush Inflation<blockquote>3只高收益股息股票将帮助您抑制通胀</blockquote>
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A healthy economy is always going to have some degree of inflation, with consumer demand playing a role in driving prices higher. But if inflation gets too high, consumers will wind up paying more for fewer goods and services, resulting in slower growth. That can be bad news for the stock market -- especially a market that's pricier now than at nearly any point over the last 20 years.</p><p><blockquote>通货膨胀描述了商品和服务价格随着时间的推移而上涨。健康的经济总是会出现一定程度的通货膨胀,消费者需求在推高价格方面发挥着作用。但如果通胀过高,消费者最终将为更少的商品和服务支付更多费用,从而导致增长放缓。这对股市来说可能是个坏消息,尤其是现在的股市价格几乎比过去20年来的任何时候都要高。</blockquote></p><p>Though higher inflation levels have historically not been great for stocks, it doesn't mean investors have to run for the hills. On the contrary, it could be the perfect time to seek out the payout potential ofdividend stocks.</p><p><blockquote>尽管从历史上看,较高的通胀水平对股市不利,但这并不意味着投资者必须逃之夭夭。相反,这可能是寻找股息股票派息潜力的最佳时机。</blockquote></p><p>Just how good have dividend stocks been for investors? According to a report from J.P. Morgan Asset Management, companies that initiated and grew a dividend between 1972 and 2012 -- a period marked by very high inflation rates for at least a decade --averaged an annual return of 9.5%. The non-dividend-paying stocks? They returned a paltry annual average of 1.6% over the same time. Over 40 years, we're talking about a roughly 19-fold aggregate outperformance.</p><p><blockquote>股息股票对投资者来说有多好?根据摩根大通资产管理公司的一份报告,1972年至2012年间(至少十年来通货膨胀率非常高)发起并增加股息的公司平均年回报率为9.5%。不派息股票?在同一时期,他们的年平均回报率只有微不足道的1.6%。40年来,我们谈论的总体表现大约是19倍。</blockquote></p><p>Ideally, income seekers want the biggest dividend possible with the least amount of risk imaginable. Unfortunately, risk and dividend payouts tend to be correlated. This is to say that high-yield stocks (4% yield or higher) can sometimes be more trouble than they're worth. Since yield is a function of payout relative to price, a company with a struggling or failing operating model could give the impression of a killer yield but ultimately trap unsuspecting income seekers.</p><p><blockquote>理想情况下,寻求收入的人希望以最小的风险获得尽可能大的股息。不幸的是,风险和股息支付往往是相关的。也就是说,高收益股票(4%或更高的收益率)有时会带来比其价值更多的麻烦。由于收益率是支出相对于价格的函数,一家运营模式陷入困境或失败的公司可能会给人留下收益率杀手的印象,但最终会让不知情的收入寻求者陷入困境。</blockquote></p><p><h3>This high-yield trio will help investors trounce inflation</h3>But not all high-yield dividend stocks are created equally. The following three high-yield companies offer investors the ability to crush inflation over the long run, as well as grow their initial investment the traditional way.</p><p><blockquote><h3>这三只高收益债券将帮助投资者战胜通胀</h3>但并非所有高收益股息股票都是平等创造的。以下三家高收益公司为投资者提供了长期抑制通胀的能力,并以传统方式增加初始投资。</blockquote></p><p><h3>Duke Energy: 4% yield</h3>One of the safest ways to run circles around inflation over the long run is to buy into brand-name utility stocks. You're never going to get jaw-dropping growth with utilities, but you'll struggle to find a sector with more predictable or transparent cash flow. That's whyelectric utility stock<b>Duke Energy</b>(NYSE: DUK)can be a winner.</p><p><blockquote><h3>杜克能源:4%收益率</h3>从长远来看,应对通胀最安全的方法之一是购买品牌公用事业股票。你永远不会通过公用事业获得令人瞠目结舌的增长,但你将很难找到一个现金流更可预测或透明的行业。这就是电力公用事业股票的原因<b>杜克能源公司</b>(纽约证券交易所股票代码:DUK)可以成为赢家。</blockquote></p><p>Duke, the second-largest utility stock by market cap in the U.S., behind only<b>NextEra Energy</b>, is following its peers' strategy and investing aggressively in green energy infrastructure. Between 2020 and 2024, it's planning to spend $60 billion on new infrastructure, nearly all of which will focus on renewable energy solutions such as wind and solar. By 2025, the company's five-year plan entailsspending $65 billion to $75 billionon renewable projects.</p><p><blockquote>杜克大学是美国市值第二大的公用事业股,仅次于<b>NextEra能源</b>,正在遵循同行的战略,积极投资绿色能源基础设施。2020年至2024年间,它计划斥资600亿美元建设新基础设施,几乎所有资金都将集中在风能和太阳能等可再生能源解决方案上。到2025年,该公司的五年计划将在可再生能源项目上花费650亿至750亿美元。</blockquote></p><p>Although these aren't cheap investments, it's the perfect time for Duke Energy to be aggressive. Lending rates are just a stone's throw from historic lows, and the benefit of cheaper electric generation rates should allow its earnings per share to grow by as much as 7% annually. For some context here, most electric utilities grow profits annually by a low single-digit percentage.</p><p><blockquote>尽管这些投资并不便宜,但现在是杜克能源积极进取的最佳时机。贷款利率距离历史低点仅一箭之遥,而更便宜的发电利率带来的好处应该会让其每股收益每年增长高达7%。在某些情况下,大多数电力公司的利润每年都以较低的个位数百分比增长。</blockquote></p><p>To boot, Duke Energy's traditional utility operations (i.e., those not utilizing solar or some other renewable source) are regulated. This is a fancy way of saying that state public utility commissions regulate rate hikes. Though it's not able to pass along price increases at will, Dukeavoids potentially wild swings in wholesale pricingby having its traditional utilities regulated.</p><p><blockquote>首先,杜克能源公司的传统公用事业运营(即不利用太阳能或其他可再生能源的运营)受到监管。这是州公用事业委员会监管加息的一种奇特说法。尽管杜克大学无法随意转嫁价格上涨,但通过对其传统公用事业进行监管,避免了批发价格可能出现的剧烈波动。</blockquote></p><p><h3>AGNC Investment: 8.4% yield</h3>If you want the opportunity to earn a sustainable, monster yield that'll crush inflation, mortgage real estate investment trust (REIT)<b>AGNC Investment</b>(NASDAQ: AGNC)could be just the stock for you. You'll note that its 8.4% yield is more than four times the current trailing 12-month inflation rate of 1.7%.</p><p><blockquote><h3>AGNC投资:收益率8.4%</h3>如果您想有机会获得可持续的巨额收益率来抑制通货膨胀,抵押房地产投资信托基金(REIT)<b>AGNC投资</b>(纳斯达克:AGNC)可能正是适合您的股票。您会注意到,其8.4%的收益率是当前过去12个月通胀率1.7%的四倍多。</blockquote></p><p>Without getting into the minutiae, mortgage REITs like AGNC seek to borrow at lower short-term rates and purchase assets (mortgage-backed securities, or MBSs) with higher long-term yields. The difference between these higher long-term yields and the lower short-term borrowing rate is known as net interest margin (NIM). The wider the NIM, or the more leverage (safely) used, the more profit AGNC Investment can make.</p><p><blockquote>在不涉及细节的情况下,AGNC等抵押房地产投资信托基金寻求以较低的短期利率借款并购买长期收益率较高的资产(抵押贷款支持证券,或MBS)。这些较高的长期收益率和较低的短期借款利率之间的差异称为净息差(NIM)。净息差越宽,或者(安全地)使用的杠杆越多,AGNC投资可以获得的利润就越多。</blockquote></p><p>The thing investors should realize is thatwe're in the sweet spot for mortgage REIT growth. During the early stages of an economic recovery, the yield curve usually steepens. This means long-term yields rise while short-term yields flatten out or rise at a slower pace. This disparity usually allows AGNC to purchase MBSs with higher yields while being able to borrow at a low rate. In short,AGNC's NIM heads higher.</p><p><blockquote>投资者应该意识到的是,我们正处于抵押房地产投资信托基金增长的最佳位置。在经济复苏的早期阶段,收益率曲线通常会变陡。这意味着长期收益率上升,而短期收益率持平或上升速度较慢。这种差异通常允许AGNC购买收益率较高的MBS,同时能够以较低的利率借款。简而言之,AGNC的净息差走高。</blockquote></p><p></p><p>Best of all, AGNC's portfolio isalmost exclusively packed with agency securities. This is a fancy way of saying that its MBSs are protected by the federal government in the event of a default. Though this added protection means agency securities have lower yields than non-agency assets, it also allows AGNC to safely use leverage to its advantage.</p><p><blockquote>最重要的是,AGNC的投资组合几乎全部由机构证券组成。这是一种奇特的说法,即其MBS在违约时受到联邦政府的保护。尽管这种额外的保护意味着机构证券的收益率低于非机构资产,但它也允许AGNC安全地利用杠杆。</blockquote></p><p><h3>AT&T: 6.9% yield</h3>A third high-yield dividend stock that'll help investors triumph over inflation is telecom giant<b>AT&T</b>(NYSE: T). With reinvestment, the 6.9% yield it's currently paying can double your money in about a decade, assuming a static share price.</p><p><blockquote><h3>AT&T:收益率6.9%</h3>第三只将帮助投资者战胜通胀的高收益股息股票是电信巨头<b>AT&T</b>(纽约证券交易所代码:T)。通过再投资,假设股价保持不变,目前支付的6.9%收益率可以在大约十年内使您的资金翻倍。</blockquote></p><p>Though its growth heyday is now in the past, AT&T hasa number of catalyststhat should reignite its organic growth rate and generate plenty of cash flow. For example, AT&T is a key beneficiary of 5G wireless infrastructure upgrades. It's been a decade since wireless download speeds were upgraded in a meaningful way. This suggests the company will benefit immensely from a multiyear technology upgrade cycle. Since AT&T generates a significant chunk of its wireless profit from data consumption, access to 5G is a recipe for margin expansion.</p><p><blockquote>尽管其增长全盛时期现已成为过去,但AT&T拥有许多催化剂,可以重新点燃其有机增长率并产生充足的现金流。例如,AT&T是5G无线基础设施升级的主要受益者。无线下载速度以有意义的方式升级已经有十年了。这表明该公司将从多年的技术升级周期中受益匪浅。由于美国电话电报公司的很大一部分无线利润来自数据消费,因此接入5G是利润扩张的一个秘诀。</blockquote></p><p>Additionally, AT&T's big push into streaming content should provide a jolt to its top and bottom lines. Following a subdued launch of HBO Max in late May, the company announced that itended 2020 with 17.2 million subscribers. Further, it expects 120 million to 150 million subscribers by 2025. If AT&T is indeed successful in courting new streaming users, it should more than offset the weakness tied to cord-cutting.</p><p><blockquote>此外,AT&T对流媒体内容的大力推进应该会给其营收和利润带来冲击。继5月下旬HBO Max低调推出后,该公司宣布截至2020年底拥有1720万订户。此外,预计到2025年将有1.2亿至1.5亿用户。如果美国电话电报公司确实成功地吸引了新的流媒体用户,它应该足以抵消与剪线相关的弱点。</blockquote></p><p>AT&T has also made strides to reduce its debt load and ensure the stability of itssuperior dividend. It's selling a minority stake in subsidiary DirecTV, has halted its share buyback program, and is looking to sell other noncore assets to lower its debt liabilities. CEO John Stankey has noted that a dividend cut isn't necessary to facilitate growth at AT&T.</p><p><blockquote>AT&T还在减轻债务负担并确保其卓越股息的稳定性方面取得了长足进步。该公司正在出售子公司DirecTV的少数股权,停止了股票回购计划,并寻求出售其他非核心资产以降低债务。首席执行官约翰·斯坦基(John Stankey)指出,削减股息并不是促进AT&T增长的必要条件。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 High-Yield Dividend Stocks That'll Help You Crush Inflation<blockquote>3只高收益股息股票将帮助您抑制通胀</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 High-Yield Dividend Stocks That'll Help You Crush Inflation<blockquote>3只高收益股息股票将帮助您抑制通胀</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-04-13 18:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After more than a year, arguably the stock market's most persistent concern has returned: inflation.</p><p><blockquote>一年多后,可以说股市最持久的担忧又回来了:通胀。</blockquote></p><p>Inflation describes the rising price of goods and services over time. A healthy economy is always going to have some degree of inflation, with consumer demand playing a role in driving prices higher. But if inflation gets too high, consumers will wind up paying more for fewer goods and services, resulting in slower growth. That can be bad news for the stock market -- especially a market that's pricier now than at nearly any point over the last 20 years.</p><p><blockquote>通货膨胀描述了商品和服务价格随着时间的推移而上涨。健康的经济总是会出现一定程度的通货膨胀,消费者需求在推高价格方面发挥着作用。但如果通胀过高,消费者最终将为更少的商品和服务支付更多费用,从而导致增长放缓。这对股市来说可能是个坏消息,尤其是现在的股市价格几乎比过去20年来的任何时候都要高。</blockquote></p><p>Though higher inflation levels have historically not been great for stocks, it doesn't mean investors have to run for the hills. On the contrary, it could be the perfect time to seek out the payout potential ofdividend stocks.</p><p><blockquote>尽管从历史上看,较高的通胀水平对股市不利,但这并不意味着投资者必须逃之夭夭。相反,这可能是寻找股息股票派息潜力的最佳时机。</blockquote></p><p>Just how good have dividend stocks been for investors? According to a report from J.P. Morgan Asset Management, companies that initiated and grew a dividend between 1972 and 2012 -- a period marked by very high inflation rates for at least a decade --averaged an annual return of 9.5%. The non-dividend-paying stocks? They returned a paltry annual average of 1.6% over the same time. Over 40 years, we're talking about a roughly 19-fold aggregate outperformance.</p><p><blockquote>股息股票对投资者来说有多好?根据摩根大通资产管理公司的一份报告,1972年至2012年间(至少十年来通货膨胀率非常高)发起并增加股息的公司平均年回报率为9.5%。不派息股票?在同一时期,他们的年平均回报率只有微不足道的1.6%。40年来,我们谈论的总体表现大约是19倍。</blockquote></p><p>Ideally, income seekers want the biggest dividend possible with the least amount of risk imaginable. Unfortunately, risk and dividend payouts tend to be correlated. This is to say that high-yield stocks (4% yield or higher) can sometimes be more trouble than they're worth. Since yield is a function of payout relative to price, a company with a struggling or failing operating model could give the impression of a killer yield but ultimately trap unsuspecting income seekers.</p><p><blockquote>理想情况下,寻求收入的人希望以最小的风险获得尽可能大的股息。不幸的是,风险和股息支付往往是相关的。也就是说,高收益股票(4%或更高的收益率)有时会带来比其价值更多的麻烦。由于收益率是支出相对于价格的函数,一家运营模式陷入困境或失败的公司可能会给人留下收益率杀手的印象,但最终会让不知情的收入寻求者陷入困境。</blockquote></p><p><h3>This high-yield trio will help investors trounce inflation</h3>But not all high-yield dividend stocks are created equally. The following three high-yield companies offer investors the ability to crush inflation over the long run, as well as grow their initial investment the traditional way.</p><p><blockquote><h3>这三只高收益债券将帮助投资者战胜通胀</h3>但并非所有高收益股息股票都是平等创造的。以下三家高收益公司为投资者提供了长期抑制通胀的能力,并以传统方式增加初始投资。</blockquote></p><p><h3>Duke Energy: 4% yield</h3>One of the safest ways to run circles around inflation over the long run is to buy into brand-name utility stocks. You're never going to get jaw-dropping growth with utilities, but you'll struggle to find a sector with more predictable or transparent cash flow. That's whyelectric utility stock<b>Duke Energy</b>(NYSE: DUK)can be a winner.</p><p><blockquote><h3>杜克能源:4%收益率</h3>从长远来看,应对通胀最安全的方法之一是购买品牌公用事业股票。你永远不会通过公用事业获得令人瞠目结舌的增长,但你将很难找到一个现金流更可预测或透明的行业。这就是电力公用事业股票的原因<b>杜克能源公司</b>(纽约证券交易所股票代码:DUK)可以成为赢家。</blockquote></p><p>Duke, the second-largest utility stock by market cap in the U.S., behind only<b>NextEra Energy</b>, is following its peers' strategy and investing aggressively in green energy infrastructure. Between 2020 and 2024, it's planning to spend $60 billion on new infrastructure, nearly all of which will focus on renewable energy solutions such as wind and solar. By 2025, the company's five-year plan entailsspending $65 billion to $75 billionon renewable projects.</p><p><blockquote>杜克大学是美国市值第二大的公用事业股,仅次于<b>NextEra能源</b>,正在遵循同行的战略,积极投资绿色能源基础设施。2020年至2024年间,它计划斥资600亿美元建设新基础设施,几乎所有资金都将集中在风能和太阳能等可再生能源解决方案上。到2025年,该公司的五年计划将在可再生能源项目上花费650亿至750亿美元。</blockquote></p><p>Although these aren't cheap investments, it's the perfect time for Duke Energy to be aggressive. Lending rates are just a stone's throw from historic lows, and the benefit of cheaper electric generation rates should allow its earnings per share to grow by as much as 7% annually. For some context here, most electric utilities grow profits annually by a low single-digit percentage.</p><p><blockquote>尽管这些投资并不便宜,但现在是杜克能源积极进取的最佳时机。贷款利率距离历史低点仅一箭之遥,而更便宜的发电利率带来的好处应该会让其每股收益每年增长高达7%。在某些情况下,大多数电力公司的利润每年都以较低的个位数百分比增长。</blockquote></p><p>To boot, Duke Energy's traditional utility operations (i.e., those not utilizing solar or some other renewable source) are regulated. This is a fancy way of saying that state public utility commissions regulate rate hikes. Though it's not able to pass along price increases at will, Dukeavoids potentially wild swings in wholesale pricingby having its traditional utilities regulated.</p><p><blockquote>首先,杜克能源公司的传统公用事业运营(即不利用太阳能或其他可再生能源的运营)受到监管。这是州公用事业委员会监管加息的一种奇特说法。尽管杜克大学无法随意转嫁价格上涨,但通过对其传统公用事业进行监管,避免了批发价格可能出现的剧烈波动。</blockquote></p><p><h3>AGNC Investment: 8.4% yield</h3>If you want the opportunity to earn a sustainable, monster yield that'll crush inflation, mortgage real estate investment trust (REIT)<b>AGNC Investment</b>(NASDAQ: AGNC)could be just the stock for you. You'll note that its 8.4% yield is more than four times the current trailing 12-month inflation rate of 1.7%.</p><p><blockquote><h3>AGNC投资:收益率8.4%</h3>如果您想有机会获得可持续的巨额收益率来抑制通货膨胀,抵押房地产投资信托基金(REIT)<b>AGNC投资</b>(纳斯达克:AGNC)可能正是适合您的股票。您会注意到,其8.4%的收益率是当前过去12个月通胀率1.7%的四倍多。</blockquote></p><p>Without getting into the minutiae, mortgage REITs like AGNC seek to borrow at lower short-term rates and purchase assets (mortgage-backed securities, or MBSs) with higher long-term yields. The difference between these higher long-term yields and the lower short-term borrowing rate is known as net interest margin (NIM). The wider the NIM, or the more leverage (safely) used, the more profit AGNC Investment can make.</p><p><blockquote>在不涉及细节的情况下,AGNC等抵押房地产投资信托基金寻求以较低的短期利率借款并购买长期收益率较高的资产(抵押贷款支持证券,或MBS)。这些较高的长期收益率和较低的短期借款利率之间的差异称为净息差(NIM)。净息差越宽,或者(安全地)使用的杠杆越多,AGNC投资可以获得的利润就越多。</blockquote></p><p>The thing investors should realize is thatwe're in the sweet spot for mortgage REIT growth. During the early stages of an economic recovery, the yield curve usually steepens. This means long-term yields rise while short-term yields flatten out or rise at a slower pace. This disparity usually allows AGNC to purchase MBSs with higher yields while being able to borrow at a low rate. In short,AGNC's NIM heads higher.</p><p><blockquote>投资者应该意识到的是,我们正处于抵押房地产投资信托基金增长的最佳位置。在经济复苏的早期阶段,收益率曲线通常会变陡。这意味着长期收益率上升,而短期收益率持平或上升速度较慢。这种差异通常允许AGNC购买收益率较高的MBS,同时能够以较低的利率借款。简而言之,AGNC的净息差走高。</blockquote></p><p></p><p>Best of all, AGNC's portfolio isalmost exclusively packed with agency securities. This is a fancy way of saying that its MBSs are protected by the federal government in the event of a default. Though this added protection means agency securities have lower yields than non-agency assets, it also allows AGNC to safely use leverage to its advantage.</p><p><blockquote>最重要的是,AGNC的投资组合几乎全部由机构证券组成。这是一种奇特的说法,即其MBS在违约时受到联邦政府的保护。尽管这种额外的保护意味着机构证券的收益率低于非机构资产,但它也允许AGNC安全地利用杠杆。</blockquote></p><p><h3>AT&T: 6.9% yield</h3>A third high-yield dividend stock that'll help investors triumph over inflation is telecom giant<b>AT&T</b>(NYSE: T). With reinvestment, the 6.9% yield it's currently paying can double your money in about a decade, assuming a static share price.</p><p><blockquote><h3>AT&T:收益率6.9%</h3>第三只将帮助投资者战胜通胀的高收益股息股票是电信巨头<b>AT&T</b>(纽约证券交易所代码:T)。通过再投资,假设股价保持不变,目前支付的6.9%收益率可以在大约十年内使您的资金翻倍。</blockquote></p><p>Though its growth heyday is now in the past, AT&T hasa number of catalyststhat should reignite its organic growth rate and generate plenty of cash flow. For example, AT&T is a key beneficiary of 5G wireless infrastructure upgrades. It's been a decade since wireless download speeds were upgraded in a meaningful way. This suggests the company will benefit immensely from a multiyear technology upgrade cycle. Since AT&T generates a significant chunk of its wireless profit from data consumption, access to 5G is a recipe for margin expansion.</p><p><blockquote>尽管其增长全盛时期现已成为过去,但AT&T拥有许多催化剂,可以重新点燃其有机增长率并产生充足的现金流。例如,AT&T是5G无线基础设施升级的主要受益者。无线下载速度以有意义的方式升级已经有十年了。这表明该公司将从多年的技术升级周期中受益匪浅。由于美国电话电报公司的很大一部分无线利润来自数据消费,因此接入5G是利润扩张的一个秘诀。</blockquote></p><p>Additionally, AT&T's big push into streaming content should provide a jolt to its top and bottom lines. Following a subdued launch of HBO Max in late May, the company announced that itended 2020 with 17.2 million subscribers. Further, it expects 120 million to 150 million subscribers by 2025. If AT&T is indeed successful in courting new streaming users, it should more than offset the weakness tied to cord-cutting.</p><p><blockquote>此外,AT&T对流媒体内容的大力推进应该会给其营收和利润带来冲击。继5月下旬HBO Max低调推出后,该公司宣布截至2020年底拥有1720万订户。此外,预计到2025年将有1.2亿至1.5亿用户。如果美国电话电报公司确实成功地吸引了新的流媒体用户,它应该足以抵消与剪线相关的弱点。</blockquote></p><p>AT&T has also made strides to reduce its debt load and ensure the stability of itssuperior dividend. It's selling a minority stake in subsidiary DirecTV, has halted its share buyback program, and is looking to sell other noncore assets to lower its debt liabilities. CEO John Stankey has noted that a dividend cut isn't necessary to facilitate growth at AT&T.</p><p><blockquote>AT&T还在减轻债务负担并确保其卓越股息的稳定性方面取得了长足进步。该公司正在出售子公司DirecTV的少数股权,停止了股票回购计划,并寻求出售其他非核心资产以降低债务。首席执行官约翰·斯坦基(John Stankey)指出,削减股息并不是促进AT&T增长的必要条件。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.nasdaq.com/articles/3-high-yield-dividend-stocks-thatll-help-you-crush-inflation-2021-04-13\">Motley Fool</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DUK":"杜克能源","T":"At&T","REIT":"ALPS Active REIT ETF"},"source_url":"https://www.nasdaq.com/articles/3-high-yield-dividend-stocks-thatll-help-you-crush-inflation-2021-04-13","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156590233","content_text":"After more than a year, arguably the stock market's most persistent concern has returned: inflation.Inflation describes the rising price of goods and services over time. A healthy economy is always going to have some degree of inflation, with consumer demand playing a role in driving prices higher. But if inflation gets too high, consumers will wind up paying more for fewer goods and services, resulting in slower growth. That can be bad news for the stock market -- especially a market that's pricier now than at nearly any point over the last 20 years.Though higher inflation levels have historically not been great for stocks, it doesn't mean investors have to run for the hills. On the contrary, it could be the perfect time to seek out the payout potential ofdividend stocks.Just how good have dividend stocks been for investors? According to a report from J.P. Morgan Asset Management, companies that initiated and grew a dividend between 1972 and 2012 -- a period marked by very high inflation rates for at least a decade --averaged an annual return of 9.5%. The non-dividend-paying stocks? They returned a paltry annual average of 1.6% over the same time. Over 40 years, we're talking about a roughly 19-fold aggregate outperformance.Ideally, income seekers want the biggest dividend possible with the least amount of risk imaginable. Unfortunately, risk and dividend payouts tend to be correlated. This is to say that high-yield stocks (4% yield or higher) can sometimes be more trouble than they're worth. Since yield is a function of payout relative to price, a company with a struggling or failing operating model could give the impression of a killer yield but ultimately trap unsuspecting income seekers.This high-yield trio will help investors trounce inflationBut not all high-yield dividend stocks are created equally. The following three high-yield companies offer investors the ability to crush inflation over the long run, as well as grow their initial investment the traditional way.Duke Energy: 4% yieldOne of the safest ways to run circles around inflation over the long run is to buy into brand-name utility stocks. You're never going to get jaw-dropping growth with utilities, but you'll struggle to find a sector with more predictable or transparent cash flow. That's whyelectric utility stockDuke Energy(NYSE: DUK)can be a winner.Duke, the second-largest utility stock by market cap in the U.S., behind onlyNextEra Energy, is following its peers' strategy and investing aggressively in green energy infrastructure. Between 2020 and 2024, it's planning to spend $60 billion on new infrastructure, nearly all of which will focus on renewable energy solutions such as wind and solar. By 2025, the company's five-year plan entailsspending $65 billion to $75 billionon renewable projects.Although these aren't cheap investments, it's the perfect time for Duke Energy to be aggressive. Lending rates are just a stone's throw from historic lows, and the benefit of cheaper electric generation rates should allow its earnings per share to grow by as much as 7% annually. For some context here, most electric utilities grow profits annually by a low single-digit percentage.To boot, Duke Energy's traditional utility operations (i.e., those not utilizing solar or some other renewable source) are regulated. This is a fancy way of saying that state public utility commissions regulate rate hikes. Though it's not able to pass along price increases at will, Dukeavoids potentially wild swings in wholesale pricingby having its traditional utilities regulated.AGNC Investment: 8.4% yieldIf you want the opportunity to earn a sustainable, monster yield that'll crush inflation, mortgage real estate investment trust (REIT)AGNC Investment(NASDAQ: AGNC)could be just the stock for you. You'll note that its 8.4% yield is more than four times the current trailing 12-month inflation rate of 1.7%.Without getting into the minutiae, mortgage REITs like AGNC seek to borrow at lower short-term rates and purchase assets (mortgage-backed securities, or MBSs) with higher long-term yields. The difference between these higher long-term yields and the lower short-term borrowing rate is known as net interest margin (NIM). The wider the NIM, or the more leverage (safely) used, the more profit AGNC Investment can make.The thing investors should realize is thatwe're in the sweet spot for mortgage REIT growth. During the early stages of an economic recovery, the yield curve usually steepens. This means long-term yields rise while short-term yields flatten out or rise at a slower pace. This disparity usually allows AGNC to purchase MBSs with higher yields while being able to borrow at a low rate. In short,AGNC's NIM heads higher.Best of all, AGNC's portfolio isalmost exclusively packed with agency securities. This is a fancy way of saying that its MBSs are protected by the federal government in the event of a default. Though this added protection means agency securities have lower yields than non-agency assets, it also allows AGNC to safely use leverage to its advantage.AT&T: 6.9% yieldA third high-yield dividend stock that'll help investors triumph over inflation is telecom giantAT&T(NYSE: T). With reinvestment, the 6.9% yield it's currently paying can double your money in about a decade, assuming a static share price.Though its growth heyday is now in the past, AT&T hasa number of catalyststhat should reignite its organic growth rate and generate plenty of cash flow. For example, AT&T is a key beneficiary of 5G wireless infrastructure upgrades. It's been a decade since wireless download speeds were upgraded in a meaningful way. This suggests the company will benefit immensely from a multiyear technology upgrade cycle. Since AT&T generates a significant chunk of its wireless profit from data consumption, access to 5G is a recipe for margin expansion.Additionally, AT&T's big push into streaming content should provide a jolt to its top and bottom lines. Following a subdued launch of HBO Max in late May, the company announced that itended 2020 with 17.2 million subscribers. Further, it expects 120 million to 150 million subscribers by 2025. If AT&T is indeed successful in courting new streaming users, it should more than offset the weakness tied to cord-cutting.AT&T has also made strides to reduce its debt load and ensure the stability of itssuperior dividend. It's selling a minority stake in subsidiary DirecTV, has halted its share buyback program, and is looking to sell other noncore assets to lower its debt liabilities. CEO John Stankey has noted that a dividend cut isn't necessary to facilitate growth at AT&T.","news_type":1,"symbols_score_info":{"DUK":0.9,"REIT":0.9,"T":0.9}},"isVote":1,"tweetType":1,"viewCount":458,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":34,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/345667691"}
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