BMY - Collect $2000 in Dividends Per Year by Investing $35000 in These 3 Stocks
2024-07-18 05:00:00 ET
Investors have been focusing on growth stocks and artificial intelligence (AI)-related investments during the past year and a half. That means that dividend stocks have made for fairly underwhelming buys of late. The good news, however, is that means it's not hard to find high-yielding stocks to invest in.
If you have $35,000 that you can afford to invest in stocks, you can use that money to generate about $2,000 per year in annual divided income. Investing in just three stocks -- Bristol Myers Squibb (NYSE: BMY) , AT&T (NYSE: T) , and Realty Income (NYSE: O) -- can help you accomplish that. Here's how much you can aim to invest in each stock, and how much dividend income it may generate for you.
This year has been a tough one for Bristol Myers. Its shares are down about 20%, as investors haven't been thrilled with the company's lack of growth or its high debt level (its long-term debt is about $50 billion).
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Collect $2,000 in Dividends Per Year by Investing $35,000 in These 3 Stocks