The goal: To build a high and steady stream of income. Using the plan, my followers and I are creating a portfolio that can pay us more than 30 dividend checks a month. At the same time, I’m generating an average yield of 5.3%… and that’s when interest rates — which fuel the yields on most “normal” income investments — have been at their lowest in history. In the meantime, I’m happy to share with you some of my favorite recommendations from The Daily Paycheck. Until now, only my paid subscribers have seen these picks...
A monthly dividend payer, the Tekla Healthcare Opportunities Fund (NYSE:THQ) is a relatively young closed-end fund with a juicy 7.7% current yield. The fund holds a collection of biotechs — such as Celgene Corporation (NASDAQ:CELG) and Gilead Sciences, Inc. (NASDAQ:GILD) — large pharmaceuticals — such as Abbot Laboratories (NYSE:ABT) and Merck & Co., Inc. (NYSE:MRK) — and other health care companies, such as UnitedHealth Group Inc (NYSE:UNH). Best of all, it’s selling at a better than 7% discount to its net asset value (NAV) despite delivering a better than 14% total return over the past 12 months. One of Warren Buffett’s favorites (the famed investor holds 15.6% of all the shares outstanding), Phillips 66 (NYSE:PSX) is also an incredible dividend payer, having grown its dividends from 20 cents per share five years ago to the current 63 cents per share. This works out to a current yield of 3.2% — and I also expect more dividend increases as the year progresses. Verizon Communication Inc.’s (NYSE:VZ) 5% yield is one of the strongest among S&P 500 companies. And this communications giant generates enough business to ensure its dividend is covered.
Source: InvestorPlace
Related Articles:
- Never Fall In Love With A Stock
- My 4 Largest Dividend Growth Stock Positions Have Double-Digit Lifetime Returns
- 10 Great Dividend Stocks With 50+ Years of Consecutive Increases
- International Diversification May Be Closer than You Think
- Characteristics of Great Dividend Growth Stocks
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
High dividend yields are harder to find lately, given the long-running stock market rally. But that scarcity doesn't mean investors have...
-
One little-known tax loophole allows Americans to collect large, growing distribution checks from the government. And investors can begin ea...
-
The U.S. boosted tariffs on $200 billion worth of Chinese goods from 10% to 25%. The markets had expected this to be the week that this deal...
-
Every investor needs a security blanket -- that piece of the portfolio that needs no attention and doesn't keep you up at night. Busines...
-
The one knock against this midstream company is its higher risk profile compared with its peers. It has been working to address that issue b...
-
Technology is the alchemy of the stock market. It is where companies turn worthless silicon into incredible new and expensive gizmos and dev...
-
Utility stocks were supposed to be yesterday’s favorite investment. The theory regarding utility stocks was simple: Robust economic growth c...
-
The yield is 8.36%, with strong 1.39X coverage. Revenue grew 16%, EBITDA rose 22%, DCF grew 25%, and net income rose 19% in Q1 '19. Mana...
0 comments
Post a Comment
Post a Comment