A good thing about the downturn in the markets over the past couple of years is there are many high-yielding stocks to choose from right now, which can help you make the most of your money.

Three top dividend stocks to consider for your portfolio are Altria Group (NYSE: MO), Verizon Communications (NYSE: VZ), and Bank of Nova Scotia (NYSE: BNS). Investing $13,000 in these stocks can be enough to generate $1,000 in dividend income next year.

Here's how you could spread that investment out across these stocks to diversify while collecting some significant dividend income.

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Source Fool.com