Dividend investor who earns €13,000 per year with €330,000 invested shares in his portfolio: 14 stocks you should not miss
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Dividend stocks are in the spotlight as investors look to funnel capital into a euphoric market after the first rate cut. Numerous successful dividend investing stories show that choosing dividend-paying stocks wisely can help you generate a reliable income stream.
About three years ago, a dividend investor on r/Dividends shared his detailed income report, saying he made $13,000 a year. The Redditor’s initial investment was approximately $330,000, which reached almost $474,000 in approximately seven years of his investing journey.
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When asked if he uses DRIP investment strategies, the investor said:
“I don’t drip. I prefer to earn dividends and reinvest when I see a good opportunity. The same goes for rebalancing. If a stock is very overvalued and I see a good, cheap stock, I can divert money .”
There were 73 stocks in this portfolio. To give you a taste of what types of stocks generated the most income for this investor, we picked 14 high-yield dividend stocks with the largest contributions to the investor’s total annual income, based on the portfolio screenshots he shared publicly on his Reddit.
With a current dividend yield of 3.2%, AbbVie Inc. (NYSE:ABBV) is one of the top dividend stocks in the Redditor’s portfolio, earning $13,000 per year. The screenshots shared by the investor showed that the portfolio contained 80 shares of the company. Over the past year, AbbVie shares are up about 25%.
The financial services company Franklin Resources Inc. (NYSE:BEN) was among the highest-yielding dividend stocks in the $13,000 income portfolio. The stock yields about 5.9%, and the company has increased its payouts without interruption for more than four decades. The Redditor owned 180 shares of the company. However, over the past five years, BEN shares are down about 27%.
With more than 35 consecutive years of dividend increases, Cardinal Health Inc. (NYSE:CAH) among the safest dividend stocks. The Redditor owned about 95 shares of the company.
The Redditor, who earned about $13,000 in annual dividend income, owned 30 shares of Caterpillar Inc. about three years ago. (NYSE:CAT) when he shared his portfolio details. Caterpillar has increased its payouts for 28 years in a row.
Contributing more than $1,000 in dividend income, IBM Common Stock (NYSE:IBM) was a prominent stock in the Redditor’s $13,000 dividend income portfolio shared three years ago. The investor owned 50 shares of the company.
Coca-Cola Co (NYSE:KO) is another strong dividend growth stock in the Redditor’s portfolio, earning $13,000 per year. The investor owns 150 shares of the company. As of today, Coca-Cola Co (NYSE:KO) has increased its dividend by more than 60 years, delivering a 2.7% yield.
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Consumer food company General Mills Inc. (NYSE:GIS) has a dividend yield of over 3.2% and the stock is up 14% in the past year. The Redditor owned 110 shares of General Mills Inc. at the time he shared his portfolio. (NYSE:GIS).
Financial advisory and asset management company Lazard Inc. (NYSE:LAZ) was an interesting name in the Redditor’s portfolio. The stock earns $13,000 in dividends per year and has a dividend yield of approximately 3.96%. The investor reported that he owned 150 shares of the company.
Industrial conglomerate 3M Co (NYSE:MMM) is a strong dividend-paying stock in the Redditor’s portfolio, generating $13,000 in revenue per year. The company has increased its dividends for 64 years in a row. 3M Co (NYSE:MMM) is up 64% so far this year. The investor said at the time that 3M was his largest position.
Realty Income Corp. (NYSE:O) has become synonymous with monthly dividend income, thanks to its juicy yield (over 5%) and virtually guaranteed dividend increases. The company has now increased its payouts for three decades in a row. The Redditor had 100 shares of the REIT in his portfolio.
When he shared his earnings report three years ago, the Redditor owned 140 shares of Altria Group Inc. (NYSE:MO) in its portfolio. As of today, the tobacco products company has increased its payouts for 59 years in a row. Altria Group Inc. (NYSE:MO) is rapidly transitioning to smoke-free products as traditional smoking declines worldwide. The stock is up 22% so far this year.
With a dividend yield of approximately 5.2%, AT&T Inc. (NYSE:T) an important dividend stock. The Redditor’s portfolio included the telecom company, which earned $13,000 a year in dividends. The investor owned approximately 190 shares of the telecom company.
The Redditor owned 60 shares of asset management and financial services company T Rowe Price Group Inc. (NASDAQ:TROW), which has a dividend yield of approximately 4.6% today.
Oil giant Exxon Mobil Corp. (NYSE:XOM) was one of the largest contributors to the Redditor’s portfolio in dividend income. The investor had 161 XOM shares in his portfolio. Exxon Mobil Corp. (NYSE:XOM) currently yields about 3.2%.
Lower interest rates mean that some investments won’t return what they have in recent months, but you don’t have to lose those gains. Certain private market investment properties offer retail investors the opportunity to take advantage of these high-yield opportunities, and Benzinga has identified some of the most attractive options for you to consider.
Arrivald Homes, the Jeff Bezos-backed investment platform, offers a Private credit fund. This fund provides access to a pool of short-term loans backed by residential real estate, with a target of 7% to 9% net annual returns paid out to investors monthly. The best part? Unlike other private credit funds, this one has a minimum investment of just $100.
Don’t miss this opportunity to take advantage of high-yield investments while interest rates are high. See Benzinga’s favorite high-yield deals.
Wondering if your investments could earn you a $5,000,000 nest egg? Talk to a financial advisor today. SmartAsset’s free tool connects you with up to three vetted financial advisors serving your area, and you can interview your advisors for free to decide which one is right for you.
This article Dividend Investor Earns $13,000 a Year with $330,000 Invested in Stocks in His Portfolio: 14 Stocks You Shouldn’t Miss originally appeared on Benzinga.com
