Want to Collect $500 in Dividends Every Month? Invest $90,000 in These 3 Stocks

Inflation is giving investors more of an incentive to find ways to increase their income. If you have a decent nest egg saved up, you can use it to invest in dividend stocks to improve your financial position. It could be a better alternative than dipping into your savings.

And if quarterly cash flow isn't enough, you can invest in three stocks with different payment schedules, which will result in cash flowing into your portfolio each month of the year. Three stocks that pay high yields and that could help accomplish this include (NASDAQ: VTRS), Verizon Communications (NYSE: VZ), and Altria Group (NYSE: MO). By investing approximately $90,000 into these stocks, you can generate $500 in monthly dividends.

Generic and branded drugmaker Viatris has the potential to make for a stable long-term investment. It emerged in 2020 from a spinoff of Pfizer's Upjohn segment, which then merged with Mylan. The company is in the process of getting leaner and divesting certain areas of its operations so that it can focus more on growth opportunities while also reducing its debt load. 

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Source Fool.com