Build $500 in Annual Dividend Income by Investing $5,350 in 3 High-Yield Stocks
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Investing $5,350 equally into 3 high-yield dividend stocks can generate $500 in annual dividend income. The stocks have an average dividend yield of 9.35%.
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Enterprise Products Partners is an energy pipeline company with 25 years of distribution growth. It has stable cash flows from long-term contracts.
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PennantPark Floating Rate Capital is a business development company benefitting from rising interest rates. Its investments are well-diversified and low risk.
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Altria Group is a dominant tobacco company with pricing power and moves into smokeless products. Its valuation is inexpensive at less than 8 times forward earnings.
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Dividend stocks have historically outperformed non-payers over long periods, making them a reliably wealth-building investment.