2 Very Healthy High-Yield Dividend Stocks to Buy for a Safe and Growing Passive Income Stream
A higher dividend yield is nice because it allows you to collect more dividend income on every dollar you invest in a stock. However, the company paying that dividend needs to be healthy to ensure it can maintain its payout during the tough times that inevitably come. Medtronic (NYSE: MDT) and Johnson & Johnson (NYSE: JNJ) are two very healthy, high-yielding dividend stocks. This makes them great options for those seeking a bankable income stream that should steadily rise in the future. Medtronic currently has a 3.1% dividend yield. That's more than double the rate of the S&P 500 (SNPINDEX: ^GSPC), which has a 1.2% dividend yield. Put another way, every $100 invested into Medtronic stock would produce about $3.10 of dividend income each year, compared to only $1.20 per $100 invested in an S&P 500 index fund. Continue reading
A higher dividend yield is nice because it allows you to collect more dividend income on every dollar you invest in a stock. However, the company paying that dividend needs to be healthy to ensure it can maintain its payout during the tough times that inevitably come.
Medtronic (NYSE: MDT) and Johnson & Johnson (NYSE: JNJ) are two very healthy, high-yielding dividend stocks. This makes them great options for those seeking a bankable income stream that should steadily rise in the future.
Medtronic currently has a 3.1% dividend yield. That's more than double the rate of the S&P 500 (SNPINDEX: ^GSPC), which has a 1.2% dividend yield. Put another way, every $100 invested into Medtronic stock would produce about $3.10 of dividend income each year, compared to only $1.20 per $100 invested in an S&P 500 index fund.
