Want $5,000 in Dividends Each Year? Invest $70,000 in These 3 Stocks.
Dividend stocks can be excellent sources of recurring income. But you'll inevitably need money to make a decent amount from dividends. If you can afford to invest $70,000, then you could earn more than $5,000 in dividends over the course of a year by buying three stocks: LTC Properties (NYSE: LTC), AT (NYSE: T), and Enbridge (NYSE: ENB).
LTC Properties is a real estate investment trust (REIT) that focuses on healthcare. It has 218 properties in its portfolio, with more than 60% devoted to assisted living facilities and 35% to skilled nursing. It has a presence across most of the country, making it a fairly diverse business to invest in.
For REIT investors, the key number to watch for is funds from operations (FFO). This is essentially net income for REITs and helps to gauge the strength of their financials.
Source Fool.com
