Want to Collect $200 in Dividends Every Month? Invest $39,700 in These 3 Stocks.

Rising interest rates mean you can earn more money from a savings account at a bank these days. But in the long run, you're probably still better off with high-yielding dividend stocks because unless their financials deteriorate, they will continue to pay a relatively high dividend even when interest rates go down. And although dividend payments are normally quarterly, you can collect monthly income if you invest in stocks that pay dividends at different times in the year.

Healthpeak Properties (NYSE: PEAK), BCE (NYSE: BCE), and Enbridge (NYSE: ENB) are three excellent choices for dividend investors. Below, I'll show you how investing $39,700 across these stocks can bring in $200 every month for your portfolio.

Healthpeak Properties is a real estate investment trust (REIT) that focuses on the healthcare industry, particularly properties that help provide care for the aging population, including retirement communities. That gives it operating stability, which makes Healthpeak a relatively safe dividend stock to own. Although the REIT reduced its dividend payments during the early stages of the pandemic, its financials are in much better shape today.

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Source Fool.com