What stocks to buy to get dividend every month?
The truth is that most investors won't have the money to generate $1,000 per month in dividends; not at first, anyway. Even if you find a market-beating series of investments that average 3% annual yield, you would still need $400,000 in up-front capital to hit your targets.
Stock | Implied upside from Dec. 29 Close | Forward dividend yield |
---|---|---|
Home Depot Inc. (HD) | 1.0% | 2.4% |
Procter & Gamble Co. (PG) | 18.7% | 2.6% |
AbbVie Inc. (ABBV) | 27.1% | 4.4% |
Coca-Cola Co. (KO) | 10.3% | 3.1% |
Stock | Dividend yield |
---|---|
United Microelectronics Corp. (UMC) | 7.4% |
Washington Trust Bancorp Inc. (WASH) | 7.7% |
Exxon Mobil Corp. (XOM) | 3.9% |
National Storage Affiliates Trust (NSA) | 6% |
Ticker | Company | Dividend Yield |
---|---|---|
DX | Dynex Capital, Inc. | 12.74% |
ARI | Apollo Commercial Real Estate Finance Inc | 12.72% |
CIVI | Civitas Resources Inc | 11.10% |
CVI | CVR Energy Inc | 10.65% |
The truth is that most investors won't have the money to generate $1,000 per month in dividends; not at first, anyway. Even if you find a market-beating series of investments that average 3% annual yield, you would still need $400,000 in up-front capital to hit your targets.
Dividend-paying Stocks
Shares of public companies that split profits with shareholders by paying cash dividends yield between 2% and 6% a year. With that in mind, putting $250,000 into low-yielding dividend stocks or $83,333 into high-yielding shares will get your $500 a month.
Kinder Morgan (NYSE: KMI), Equinix (NASDAQ: EQIX), and Lockheed Martin (NYSE: LMT) are three super-safe dividend stocks because they generate contractually secured cash flow and have strong financial profiles. That makes them great options for those seeking to fortify their dividend income in 2024 and beyond.
Yes, KO has paid a dividend within the past 12 months. How much is Coca-Cola's dividend? KO pays a dividend of $0.46 per share. KO's annual dividend yield is 3.08%.
The Motley Fool has positions in and recommends Home Depot, Nike, Starbucks, Target, Visa, and Walt Disney. The Motley Fool recommends eBay and recommends the following options: long January 2025 $47.50 calls on Nike and short January 2024 $45 calls on eBay.
The Company normally pays dividends four times a year, usually April 1, July 1, October 1 and December 15. Shareowners of record can elect to receive their dividend payments electronically or by check in the currency of their choice.
How many dividend stocks should I own?
Whether you want to live off dividends today or are investing for the long haul, the best way to build a dividend portfolio for steady income is to follow a simple set of risk management principles: Hold between 20 and 60 stocks to reduce company-specific risk. Roughly equal-weight each position.
Since the IRS considers dividends to be income, you usually need to pay taxes on them. Even if you reinvest all of your dividends directly back into the same company or fund that paid you the dividends, you will pay taxes as they technically still pass through your hands.
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Stock (ticker) | Dividend Yield |
---|---|
Hubbell Inc. (HUBB) | 1.5% |
Marsh & McLennan Companies, Inc. (MMC) | 1.5% |
UnitedHealth Group Incorporated (UNH) | 1.4% |
Elevance Health, Inc. (ELV) | 1.2% |
- Don't chase high dividend yields. "There's a reason—and not always a good one—that a security is offering payouts that are well above its peers or the broader market," Steve says. ...
- Assess the payout ratio. ...
- Check the balance sheet. ...
- Look at dividend growth. ...
- Understand sector risk. ...
- Consider a fund.
Dividend investors should seek out companies with long-term profitability and earnings growth expectations between 5% and 15%. Companies should boast the cash flow generation necessary to support their dividend-payment programs. Investors should avoid companies with debt-to-equity ratios higher than 2.00.
To generate $5,000 per month in dividends, you would need a portfolio value of approximately $1 million invested in stocks with an average dividend yield of 5%. For example, Johnson & Johnson stock currently yields 2.7% annually. $1 million invested would generate about $27,000 per year or $2,250 per month.
A well-constructed dividend portfolio could potentially yield anywhere from 2% to 8% per year. This means, to earn $3,000 monthly from dividend stocks, the required initial investment could range from $450,000 to $1.8 million, depending on the yield. Furthermore, potential capital gains can add to your total returns.
- Invest in the Best Dividend-Paying Stocks: Choose a mix of stocks with stable dividend yields, ensuring a steady income stream.
- Explore Dividend-Oriented ETFs: Exchange-traded funds (ETFs) focused on dividend-paying companies can provide efficiency and diversification.
Too many people are paid a lot of money to tell investors that yields like that are impossible. But the truth is you can get a 9.5% yield today--and even more. But even at 9.5%, we're talking about a middle-class income of $4,000 per month on an investment of just a touch over $500K.
If you want to start earning $300 as soon as possible, you need to invest $60,000 in stocks that can give you a 6% dividend yield. Now is a ripe time, as many dividend stocks are trading at their lows as interest rate hikes have made their balance sheet debt expensive.
How do you get paid dividends every month?
- Buy an ETF that pays monthly.
- Buy a stock that pays monthly.
- Stagger quarterly paying dividend stocks.
CocaCola Company (The) - Buy
Valuation metrics show that CocaCola Company (The) may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of KO, demonstrate its potential to underperform the market. It currently has a Growth Score of D.
Unlike many companies that provide dividends to investors, Amazon does not offer dividends. While this may make it less appealing to income-focused investors, those prioritizing long-term growth may find Amazon's profit distribution approach and growth strategies advantageous.
Yes, AAPL has paid a dividend within the past 12 months. How much is Apple's dividend? AAPL pays a dividend of $0.24 per share. AAPL's annual dividend yield is 0.52%.
If you invested in the company 10 years ago, that decision could have paid off. According to CNBC calculations, a $1,000 investment in Coca-Cola in 2009 would be worth more than $2,800 as of Feb. 15, 2019.
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