Expecting a Tax Refund? 3 Dividend Stocks to Put on Your List
Income tax season can be a stressful time as you true-up what you owe and what you've already paid to Uncle Sam throughout the year. If there's a bright spot to it, it's that over 57 million taxpayers are already expecting refunds for the year, and the average refund is over $3,200. That's a lot of money, and invested well in income-producing stocks, it can potentially turn a one-time boost into a long-term income stream.
With that in mind, we asked three experienced investors to pick a dividend stock that they think might have what it takes to provide that kind of sustained return over time for its investors. They chose Target (NYSE: TGT), 3M (NYSE: MMM), and Prudential Financial (NYSE: PRU). Read on to find out why and decide for yourself whether one or more of them is worthy to receive a chunk of the money you're getting back from Uncle Sam.
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Source Fool.com
