Got $1,000? 3 Elite Dividend Stocks to Buy Right Now
While most stocks have bounced from their bear market lows, many remain well below their highs from when the sell-off started 18 months ago. That's good news for income-seeking investors since dividend yields have an inverse relationship with stock prices. Many top-quality dividend stocks now offer attractive dividend yields.
Coca-Cola (NYSE: KO), Prologis (NYSE: PLD), and Johnson & Johnson (NYSE: JNJ) are among the dividend elite. They each pay an above-average dividend that they've steadily increased over the years. With more dividend growth ahead, those with $1,000 or so to spare should consider investing it into these elite dividend stocks.
Shares of Coca-Cola currently sit about 7% below their high from early last year. That decline has nudged the beverage giant's dividend yield up to around 3%. That's a great yield for such a high-quality dividend stock. It can turn a $1,000 investment into nearly $30 of annual dividend income. For comparison, a similar investment in an S&P 500 index fund would only produce about $15 of annual dividend income, given its lower yield (currently around 1.5%).
Source Fool.com
