3 Dividend Stocks to Double Up On Right Now
Investors have begun a new year, and during such times, they take an interest in either new investments or adding to positions. This also applies to dividend stocks, especially those that increase their payouts at least once a year.
Due to the bear market, finding stocks trading at a discount has become much easier. Knowing that, it will likely pay off for income-oriented investors to add to names such as Verizon (NYSE: VZ), Innovative Industrial Properties (IIP) (NYSE: IIPR), and Ally Financial (NYSE: ALLY).
Verizon has paid dividends since its predecessor, Bell Atlantic, split from the original AT&T in 1984. Today's $2.61 per share annual payout amounts to a 6.3% cash return for investors buying today.
Source Fool.com
