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
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- 10 Great Dividend Stocks With 50+ Years of Consecutive Increases
- International Diversification May Be Closer than You Think
- Characteristics of Great Dividend Growth Stocks
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