Investors looking to boost their income often turn to high-yielding dividend stocks. If they invest in quality stocks, they can generate recurring revenue. If they invest in quality stocks that are currently trading at depressed valuations related to the bear market, they can also benefit from the stock price appreciation that is likely to occur going forward.
Two stocks paying impressive yields at the moment that are also cheap buys are Viatris (NASDAQ: VTRS) and Verizon Communications (NYSE: VZ) . Together, these two stocks can generate significant income for your portfolio next year, whether you're a retiree craving some recurring income or a long-term investor who wants the stability and consistency that safe dividend stocks can provide. If you have $50,000 available to put toward these two stocks, your investment will return at least $3,000 in dividend income in 2023.
Let's find out a bit more about these two dividend-paying stocks.
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Want $3,000 in Dividend Income Next Year? Invest $50,000 in These 2 Stocks