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Dividend-paying stocks offer a versatile approach to enhancing income and growth potential, regardless of your life stage.
For those years away from retirement, reinvesting dividends can significantly boost returns.
Consider a hypothetical investment in the S&P 500 Index Fund in 1993. According to Charles Schwab, reinvesting dividends would have grown it to over $158,000 by the end of 2022, while not reinvesting would have limited it to $88,000.
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Investing in reliable, long-term dividend stocks usually positions investors to survive a market downturn or recession and thrive during bull markets.
About a month ago, a Redditor on r/Dividends shared their income report and portfolio, saying they hit their $300,000 12-month goal on investments of about $4 million.
Professional_Panic67, who has about 150 holdings, wrote that the top 10 stocks they’ve invested in account for about 25% of the $300,000 in earnings.
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Professional_Panic’s top 10 in order are:
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BlackRock Science and Technology Term Trust (NYSE:BSTZ) has an annual dividend yield of 9.18%.
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Nuveen Real Asset Income and Growth Fund (NYSE:JR) has an annual dividend yield of 6.57%.
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DoubleLine Income Solutions Fund Common Stock (NYSE:DSL) has an annual dividend yield of 10.36%.
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Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN: NRO) has an annual dividend yield of 9.4%.
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Kayne Anderson Energy Infrastructure Fund Inc. (NYSE:KYN) has an annual dividend yield of 8.31%.
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Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) has an annual dividend yield of 10.7%.
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Voya Infrastructure Industrials and Materials Fund (NYSE:IDE) has an annual dividend yield of 10.07%.
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Altria Group Inc. (NYSE:MO) has an annual dividend yield of 8.22%.
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Ares Capital Corp. (NASDAQ:ARCC) has an annual dividend yield of 8.87%.
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BlackRock Corporate High Yield Fund Inc. (NYSE:HYT) has an annual dividend yield of 9.47%.
You can reduce overall risk and volatility by including dividend-paying stocks in your portfolio. Dividend income can also provide financial security, especially during retirement.
It’s important to note that dividend investing is not without its risks. Companies can reduce or eliminate dividends for various reasons, such as financial difficulties or changes in business strategy.
It’s essential to conduct thorough research and due diligence before investing in dividend-paying stocks.
Dividend investing can be a valuable strategy for investors seeking steady income and long-term growth. By carefully selecting reliable dividend-paying stocks and reinvesting dividends over time, you can potentially enhance your financial well-being and achieve your investment goals.
The current interest rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through publicly-traded REITs.
Arrived Homes, the Jeff Bezos-backed investment platform, has launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. It paid 8.1% in July. The best part? Unlike other private credit funds, this one has a minimum investment of only $100.
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Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
This article Dividend Investor Earns $300K Per Year On $4.4M Investment: Their Top 10 Picks originally appeared on Benzinga.com
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