Need an Extra $4,000 in Dividends Each Year? Invest $68,000 in These 3 Stocks.
In retirement, seniors on average see an annual shortfall of about $4,000 between the income they generate and the expenses they incur, according to data from the Bureau of Labor Statistics.. Whether you want to protect yourself from unexpected healthcare expenses, inflation, or just want to travel, there are plenty of reasons you may want to give yourself a bit of breathing room and increase your income in the long term.
If you can afford to invest $68,000, three stocks that can help you generate at least $4,000 in annual dividends are Organon (NYSE: OGN), Dominion Energy (NYSE: D), and AT (NYSE: T).
Organon has a broad portfolio of products and therapies that include 60-plus medicines and products, with a big focus on women's health. The company was spun off from Merck just over two years ago and has been proving itself to be a profitable and stable business thus far. In each of the past four quarters, the company has turned a profit. Its top line has consistently been around $1.5 billion.
Source Fool.com
