CBRL - Want $400 in Dividends Monthly? Invest This Amount in These 3 Stocks
A great reward for saving up money to invest in stocks is potentially earning some attractive dividend income. The more you save, the more you can stand to earn from a dividend stock. On a 4% yield, for example, a $50,000 investment would generate $2,000 a year in recurring income. If you can invest $100,000, then that same dividend rate would now generate $4,000 in cash every year.
If you want recurring income every month, what you can do is invest in dividend stocks with different payment schedules. Three stocks that yield more than 4% (well above the S&P 500 average of 1.4%) and that together could give you monthly cash flow are Innovative Industrial Properties (NYSE: IIPR) , Cracker Barrel Old Country Store (NASDAQ: CBRL) , and Lumen Technologies (NYSE: LUMN) .
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Want $400 in Dividends Monthly? Invest This Amount in These 3 Stocks