Want $5,100 in Annual Dividends? Invest $29,000 in Each of These 3 Stocks.
Investing in the stock market can be a great way to increase your income. Stocks that pay a dividend aren't doing well these days as high interest rates make for enticing alternatives, but that can present an attractive opportunity to load up on them, as many are offering attractive payouts.Three stocks that can help generate a ton of revenue for your portfolio today are Verizon Communications (NYSE: VZ), Enbridge (NYSE: ENB), and T. Rowe Price Group (NASDAQ: TROW). By investing $29,000 into each of them, you can accumulate roughly $5,000 in annual dividend income at their current payouts. Dividends can always be cut, but these three look solid. Here's why they can make for good stocks to put into your portfolio right now.Verizon's stock has struggled over the past five years, falling more than 12%. Investors have been down on telecom stocks as they carry lots of debt and aren't attractive buys amid high interest rates. There's also generally not much growth. Plus, with higher rates, there are more opportunities to earn good returns without having to rely on dividend stocks.Continue reading
Investing in the stock market can be a great way to increase your income. Stocks that pay a dividend aren't doing well these days as high interest rates make for enticing alternatives, but that can present an attractive opportunity to load up on them, as many are offering attractive payouts.
Three stocks that can help generate a ton of revenue for your portfolio today are Verizon Communications (NYSE: VZ), Enbridge (NYSE: ENB), and T. Rowe Price Group (NASDAQ: TROW). By investing $29,000 into each of them, you can accumulate roughly $5,000 in annual dividend income at their current payouts. Dividends can always be cut, but these three look solid. Here's why they can make for good stocks to put into your portfolio right now.
Verizon's stock has struggled over the past five years, falling more than 12%. Investors have been down on telecom stocks as they carry lots of debt and aren't attractive buys amid high interest rates. There's also generally not much growth. Plus, with higher rates, there are more opportunities to earn good returns without having to rely on dividend stocks.
