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
-
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 ...
-
The World Cup format brings in 32 teams from around the globe who square off until only one remains. After the first round, 16 teams are eli...
-
Legendary investor Warren Buffett is known for earning huge returns for his company Berkshire Hathaway Inc. (NYSE:BRK.B) and its shareholder...
-
The Holy Grail for income investors is finding quality companies with significant payouts that will continue to generate income over the lon...
-
In a bloated stock market, going after the hottest tickers won’t get you much in terms of yield. That’s why, for investors looking to boost ...
-
While growth stocks grab all the headlines and generate all the hype, dividend-paying stocks have handily outperformed their nonpaying peers...
-
Is it possible to double your money – quickly – buying safe dividend stocks? You bet. Let me explain how… “Basic” income investors are enamo...
-
There's been a lot for investors to like about market performance over the last decade, but there's a flip side: In a market that cl...
-
There is no other way to put it: The U.S. stock market seems to be losing its momentum. Year-to-date, the market has been trading mostly sid...
-
All four of these names have very strong cash flows that allow them to not only pay better than 3% dividends, but also to buy back stock. Tw...
0 comments
Post a Comment
Post a Comment