Want Over $2,100 in Annual Dividends? Invest $12,000 Into Each of These 3 High-Yielding Stocks
Investing in high-yielding dividend stocks can result in significant dividend income for your portfolio. But higher yields also tend to mean higher risk, and dividends are never guaranteed. A company that's struggling may end up having to cut or suspend a high payout as it works to improve its financial situation. That's why it's important to find dividend stocks that offer high yields, but also have strong earnings capable of supporting their payouts for the foreseeable future.
Three quality stocks that generate a lot of dividend income you may want to consider are Verizon Communications (NYSE: VZ), Bristol Myers Squibb (NYSE: BMY), and Pembina Pipeline (NYSE: PBA). An investment of $12,000 into each of these stocks will yield roughly $2,100 per year in dividends.
Image source: Getty Images.
Source Fool.com
Verizon Communications Inc. Stock
Verizon Communications Inc. is currently one of the favorites of our community with 17 Buy predictions and no Sell predictions.
With a target price of 43 € there is a positive potential of 24.66% for Verizon Communications Inc. compared to the current price of 34.5 €.
