Want to Collect $300 Each Month While Diversifying? Invest $88,190 in These 3 Stocks

Investing in a mix of dividend stocks can help diversify your portfolio without putting all your eggs -- and dividend income -- in one basket. The key is finding businesses with solid financials and safe payouts.

Three stocks that fit that criteria are Medical Properties Trust (NYSE: MPW), Citigroup (NYSE: C), and Western Union (NYSE: WU). And with all of them paying dividends at different intervals, investing in all three can ensure that you've got recurring income coming into your portfolio each month of the year.

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Source Fool.com