3 High-Yield Dividend Stocks That Can Turn $12,000 Into More Than $16,000 by 2023

A great strategy for investors looking to buy stocks right now is to look for stocks trading at a discount and also for stocks that pay a nice dividend. When stocks sell off as they have been, their annual dividends tend to go up because while their dividends stay the same, their stock prices are lower. This gives investors a great opportunity to invest in stocks that pay out passive income, and they can make money from price appreciation as well. Investing in these three stocks below could turn $12,000 into more than $16,000 in roughly one year's time, representing a 33% plus return on your initial investment...

The largest mobile service provider in the world, AT&T (NYSE: T), has had a strong year, with shares up roughly 4% in 2022. It may not sound like much, but with the S&P 500 down roughly 21.5% this year, AT&T is widely outperforming. As a real estate investment trust (REIT), Life Storage (NYSE: LSI) must pay out 90% of its taxable income in annual dividends in order to maintain its special tax advantages. The large regional bank Citizens Financial Group (NYSE: CFG) spun off from the Royal Bank of Scotland, now NatWest Group, in 2014. Management has put in a lot of work to improve the bank's core operations and is now starting to see success.

Source: NASDAQ

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