Want $2,000 in Annual Dividends? Invest $30,000 in These 3 High-Yielding Stocks
Dividend stocks can be a great source of cash flow for your portfolio. You don't need to settle for stocks that pay just a few percentage points, either. Some fairly safe, high-yielding stocks pay far more than the S 500 average of 1.3%.
Pfizer (NYSE: PFE), BCE (NYSE: BCE), and AT (NYSE: T) could all make for good income investments to add to your portfolio right now, as they all pay more than 5% and are fairly safe buys. Here's how investing $30,000 across these stocks could generate $2,000 in annual dividends for your portfolio.
Healthcare giant Pfizer pays an attractive dividend that yields 5.9%. If you were to invest $10,000 into the stock, it would generate more than $590 in dividends over the course of a full year. Investors have been bearish on Pfizer of late, seeing it as a business that got a boost due to its COVID vaccine and pill but whose future is much less certain.
Source Fool.com
Pfizer Inc. Stock
The stock is one of the favorites of our community with 31 Buy predictions and 4 Sell predictions.
As a result the target price of 41 € shows a very positive potential of 56.28% compared to the current price of 26.24 € for Pfizer Inc..
