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
-
Many investors search for safe, dividend-paying stocks. As John D. Rockefeller once said: "Do you know the only thing that gives me ple...
-
With interest rates near zero, many investors are turning to dividend stocks for income. And for some investors, the higher the yield, the b...
-
This company yields 12.96%. Management already declared the regular and special September dividends. Its portfolio companies are holding up ...
-
There are 65 so-called “dividend aristocrats,” which is the name given to companies that have managed to increase their dividends for 25 con...
-
Before you go ahead and fill your portfolio with dividend stocks, it would be prudent to check out their market capitalizations as well. Sev...
-
Utility stocks have been relatively volatile in the recent past. However, most utility stocks have a low beta and have a stable cash flow vi...
-
Three dividend-paying pharmaceutical investments to purchase amid the COVID-19 crisis avoid focusing solely on the top contenders for develo...
-
The rollout of fifth-generation network services, also known as 5G, enhances the appeal of each of these three dividend-paying, 5G technolog...
-
The two dividend-paying technology stocks to consider boosted sales significantly, according to their latest quarterly financial reports, ev...
-
Like most other brick and mortar operators, this company's revenues were impacted by the pandemic in Q1-2 2020. Motor Fuel sales fell 35...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.