Federal Reserve Chief Janet Yellen released a statement Thursday saying that a rate increase will likely occur "relatively soon."
With yields of more than 10%, the three investment stocks highlighted below yield about five times more than a 10-year Treasury note. Even in the case of a correction, these stocks will generate a reliable income stream and present an opportunity to buy more shares at a discount to generate even more income.
1. AGNC Investment (AGNC)
This company is a real estate investment trust that invests in residential mortgage-backed securities covered by the U.S. government as well as government-sponsored entities. The company's share price is up nearly 9% this year to more than $19.
AGNC Investment pays out its 11.3% dividend yield monthly. For investors who have dividend reinvestment plans, this means that the income earned from the dividend will be greater than for companies that distribute their dividends quarterly.
As the name suggests, a DRIP reinvests dividends immediately back into the stock, which also avoids being charged commissions for buying new shares. Income that is compounded more frequently -- monthly rather than quarterly -- will increase the total amount of income received.
That is a time-proven way to steadily build wealth.