Want $3,500 in Annual Income? Invest $75,000 in These 3 Stocks
If you're unsure about the direction of the stock market or just want a way to collect some recurring income each year, dividend stocks can be a great option for your portfolio. The businesses that normally pay them are stable and generate plenty of cash flow.
Three safe long-term dividend stocks to hold today include CareTrust REIT (NASDAQ: CTRE), Algonquin Power & Utilities Corp (NYSE: AQN), and Unilever (NYSE: UL). Their payouts are higher than the S&P 500 average of 1.3%, and investing $25,000 in each of these three companies can be enough to ensure you earn at least $3,500 in annual dividend income.
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Source Fool.com
