Want to Make $400 a Month in Dividends? Invest in These 3 Stocks
One of the great things about dividend stocks is that they deliver income to investors on a recurring basis. But given that most of them make those payments quarterly, your income stream can get a bit lumpy. One strategy investors can deploy to fix that is to buy stocks that distribute their payouts on different schedules. Do it right and you can have dividend income rolling in every month of the year.
Three high-yielding stocks that you can invest in to accomplish this are Walgreens Boots Alliance (NASDAQ: WBA), TC Energy (NYSE: TRP), and AT&T (NYSE: T). Divide up an investment of about $95,000 among them, and you would bring in at least $400 in dividends each month.
At its current share price, retail pharmacy giant Walgreens pays investors a dividend that yields 4.6%. That's fairly high when you consider the average stock in the S&P 500 averages around 1.4% today. To collect $400 every time Walgreens distributes a dividend -- in March, June, September, and December -- you'd need to invest roughly $34,800 in the stock.
Source Fool.com
