Investing in dividend stocks is a good way to combat inflation and a bear market. Collecting a recurring dividend payment can strengthen your financial position and improve your portfolio's returns.
And there are plenty of high-yielding stocks out there that pay much more than the S&P 500 dividend yield of 1.8%. Gilead Sciences (NASDAQ: GILD) , AT&T (NYSE: T) , and TC Energy (NYSE: TRP) all pay more than double that amount. And if you invest in all three, you can ensure that you're collecting a high dividend every month of the year.
Healthcare company Gilead Sciences generates the bulk of its money from HIV medicines, although it also has an oncology business that has been growing. Cancer drug Trodelvy has brought in $305 million in sales through the first six months of the year, representing year-over-year growth of 90%. But it's still in its early stages, as the drug could generate up to $3 billion in revenue at its peak.
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Want to Collect 4% in Dividends Every Month? Buy These 3 Stocks