IIPR - 3 Dividend Stocks to Double Up On Right Now
Investors have begun a new year, and during such times, they take an interest in either new investments or adding to positions. This also applies to dividend stocks , especially those that increase their payouts at least once a year.
Due to the bear market, finding stocks trading at a discount has become much easier. Knowing that, it will likely pay off for income-oriented investors to add to names such as Verizon (NYSE: VZ) , Innovative Industrial Properties (IIP) (NYSE: IIPR) , and Ally Financial (NYSE: ALLY) .
Verizon has paid dividends since its predecessor, Bell Atlantic, split from the original AT&T in 1984. Today's $2.61 per share annual payout amounts to a 6.3% cash return for investors buying today.
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3 Dividend Stocks to Double Up On Right Now