The Smartest Dividend Stocks to Buy With $400 Right Now
Dividend stocks have been a welcome port in this current stock market storm. The dividend income they provide can either boost total returns if reinvested or put money in your pocket if you take the distributions. Some of the best dividends right now are coming out of the banking industry -- where rising interest rates will boost interest income and should increase revenue, as long as loan activity doesn't crater in a recessionary environment.
But the benefit of dividend stocks is that those dividends are paid to investors no matter what the stock price does. Here are two of the highest-yielding dividend stocks in the banking industry -- KeyCorp (NYSE: KEY) and Citigroup (NYSE: C). Let's take a look at how much income you'd have if you invested $400 in these two stocks.
Citigroup is well known to most people as one of the four largest banks in the U.S. KeyCorp is less familiar, as it is the holding company of Key Bank, a regional bank based in Cleveland, Ohio. Both have dividend yields well over 4%. Let's take a look at each.
Source Fool.com
