Investors can target $1,240 a year in dividend income from $20,000 in this ultra-high-yielding ASX 200 gem – here’s how

Investors can target $1,240 a year in dividend income from $20,000 in this ultra-high-yielding ASX 200 gem – here’s how

I think APA Group (ASX: APA) is one of the unsung high-yield dividend heroes of the S&P/ASX 200 Index (ASX: XJO). It certainly counts as a high-yield stock in my opinion. APA doesn't get the same level of attention as large ASX dividend shares like Commonwealth Bank of Australia (ASX: CBA), BHP Group Ltd (ASX: BHP) or Woodside Energy Group Ltd (ASX: WDS). I think APA is a much stronger passive income option than those names. For investors that h…