Boost Your Income with These High-Yielding Dividend Stocks
Investing in dividend stocks can be a lucrative way to generate a steady stream of income. However, finding the right balance between yield and risk can be a challenge. Diversification is key, but many exchange-traded funds (ETFs) don’t offer high yields, and individual stocks can be too dependent on a single company. That’s why we’ve identified three high-yielding dividend stocks that can provide a good mix of income investments for your portfolio.
Realty Income: A Diversified REIT with a Proven Track Record
Realty Income, a diversified real estate investment trust (REIT), offers an attractive option for income-seeking investors. With a portfolio of over 1,500 clients across 90 industries and an occupancy rate of around 99%, Realty Income is well-positioned to continue paying and increasing dividends. The REIT has increased its monthly dividend 128 times since its IPO in 1994 and currently yields 6%. Investing $11,000 in Realty Income could generate approximately $660 in dividends over the course of a full year.
Organon: A High-Yielding Dividend Stock with Solid Financials
Women’s health company Organon boasts a mouthwatering yield of 7.4%, making it an attractive option for income investors. The company’s solid financials, including a profit in each of the past four quarters and a payout ratio of just 22%, support its high yield. With a modest market cap of under $4 billion, Organon may be an underrated buy. An $11,000 investment could net you approximately $810 in annual dividends.
United Parcel Service: A Logistics Giant with Long-Term Potential
Logistics giant United Parcel Service (UPS) yields 5.2% and could generate approximately $570 in annual dividend income with an $11,000 investment. Despite struggling to generate positive growth in recent years, UPS’ revenue rose by 6% in its most recent quarterly update, indicating a potential turnaround. As a leader in its industry, UPS benefits from the economy’s overall growth, making it a solid investment to buy and hold.
Total Dividend Income: $2,040 per Year
By investing $11,000 in each of these three dividend stocks, you could generate a total of $2,040 in annual dividend income. With their strong financials, diversified portfolios, and long-term potential, Realty Income, Organon, and United Parcel Service make for attractive additions to your income-generating portfolio.
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