Have $1,000? 2 All-Weather Dividend Stocks to Buy and Hold Forever
Accumulating $1,000 to invest in dividend stocks may not sound significant. However, that amount will buy investors shares of numerous dividend stocks, many of which beat the S&P 500's average cash yield of 1.5%.
Additionally, some of them are real estate investment trusts (REITs), which offer unique tax rules to real estate companies that agree to pay at least 90% of net income in the form of dividends. Two of these REITs, Innovative Industrial Properties (IIP) (NYSE: IIPR) and STORE Capital Corporation (NYSE: STOR), will derive more than $50 in annual dividend income from a $1,000 investment, one benefit that makes each company an excellent choice for income investors.
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