What If the Fed Cuts 50 Basis Points? 4 Ultra-High-Yield Favorites Will Explode
These four ultra-high-yield stocks look like timely buys now, especially with the Federal Reserve on tap to raise rates next week.
Westlake Chemical Partners LP specializes in the production of ethylene, a crucial component for various industrial processes, by transforming ethane. Based in Houston, Texas, and established in 1991, the company not only produces ethylene but also markets by-products like propylene and hydrogen. It operates primarily in the United States, catering to a wide range of industries through both spot and contract sales. The firm is guided by its general partner, Westlake Chemical Partners GP LLC.
These four ultra-high-yield stocks look like timely buys now, especially with the Federal Reserve on tap to raise rates next week.
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Here are 12 dividend-paying stocks that can generate over $10,000 a year in passive income for an investment of $7,500 in each one.