T - The Smartest Dividend Stocks to Buy With $400 Right Now

2024-03-15 11:55:00 ET

This week's inflation data came in a little bit hot, but it doesn't mean that rates on traditional fixed income investments will stay high for much longer. When the climate starts to get kinder -- and money market funds and freshly issued bonds start offering lower rates -- yield-seeking investors will turn to dividend-paying stocks where the distributions should grow over time.

You don't need a lot of money to build out a diversified portfolio of income-generating stocks. I believe that AT&T (NYSE: T) , Sirius XM (NASDAQ: SIRI) , and Disney (NYSE: DIS) should be strong considerations for the next $400 you put to work in the market.

After years of losing to the market and grappling with the aftermath of poor acquisitions, AT&T is looking pretty good. The telco giant has seen its stock move 16% higher over the past six months, and its chunky 6.5% yield is going to look even better as short-term rates head lower later this year.

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