8 Dividend Stocks That Pay Me $660+ Per Month

Humphrey Yang
4 Oct 202313:17

Summary

TLDRIn this video, the host discusses eight dividend stocks that generate $660 per month in passive income, an increase from $508 a year prior. The stocks include Procter & Gamble, JPMorgan Chase, Home Depot, Coca-Cola, Apple, AbbVie, Kraft Heinz, and Johnson & Johnson, all known for stability and reliability. The host emphasizes the importance of a diverse portfolio and the benefits of investing in 'sleep well at night' stocks, which offer steady returns even in economic uncertainty.

Takeaways

  • 📈 The video discusses eight dividend stocks that have increased the creator's monthly dividends from $508 to $660 over the past year.
  • 💤 The creator refers to these stocks as 'SWAN' stocks, meaning they are stable companies that pay dividends, allowing for passive income and peace of mind.
  • 🛍️ Procter & Gamble (PNG) is highlighted as a dividend king with 67 years of consecutive dividend increases, offering a 2.52% dividend yield.
  • 🏦 JPMorgan Chase is mentioned as a reliable bank with a 2.89% dividend yield and strong cash reserves, benefiting from the current high-interest-rate environment.
  • 🏠 Home Depot is the largest home improvement retailer in the U.S., with a 2.75% dividend yield and a diversified revenue stream.
  • 🥤 Coca-Cola is known for its strong branding and 3.26% dividend yield, with the ability to maintain pricing power in an inflationary environment.
  • 🍎 Apple, despite its low 0.55% dividend yield, is noted for its consistent growth and contribution to the creator's monthly dividends.
  • 💊 ABBV (AbbVie) is a biopharmaceutical company with a 3.85% dividend yield, facing challenges but maintaining robust drug sales.
  • 🍅 Kraft Heinz, with a 4.64% dividend yield, is considered a consumer staple but may offer less growth potential compared to other stocks.
  • 📊 A bonus takeaway includes the S&P 500 ETF by Vanguard (VOO), offering a diversified investment with a 1.5-1.6% dividend yield.
  • 🌐 Johnson & Johnson rounds out the list with a 3% dividend yield, known for its stability and 61 years of consecutive dividend increases.

Q & A

  • What is the main topic of the video?

    -The main topic of the video is to share eight dividend stocks that pay the creator a monthly dividend of $660.

  • What does the acronym 'SWAN' stand for in the context of the video?

    -In the video, 'SWAN' stands for 'Sleep Well at Night' stocks, which refers to stable companies with a history of paying dividends.

  • What is the dividend yield of Procter & Gamble (PNG) at the time of the recording?

    -At the time of the recording, Procter & Gamble (PNG) has a dividend yield of 2.52%.

  • What is the significance of a dividend yield of 2.52% compared to the S&P 500 benchmark?

    -A dividend yield of 2.52% is higher than the S&P 500 benchmark, which has a dividend yield of 1.58%, indicating a more attractive return on investment for PNG.

  • Why did the creator add Procter & Gamble to their portfolio recently?

    -The creator added Procter & Gamble to their portfolio due to its status as a dividend king with 67 consecutive years of increasing dividends, its resilience in the face of economic challenges, and its diversified product segments.

  • What is the dividend yield of JPMorgan Chase mentioned in the video?

    -The dividend yield of JPMorgan Chase mentioned in the video is 2.89%.

  • What is the reason behind the creator's confidence in JPMorgan Chase as a dividend stock?

    -The creator's confidence in JPMorgan Chase is due to its status as the largest bank in the United States, having $495 billion in cash and cash equivalents, and benefiting from the higher interest rate environment.

  • What is the dividend yield of Home Depot as per the video?

    -Home Depot has a dividend yield of 2.75%, as mentioned in the video.

  • Why is Home Depot considered a 'SWAN' stock according to the video?

    -Home Depot is considered a 'SWAN' stock because it is a stable company with diversified revenue streams, a mix of professional contractors and DIY customers, and strong cash flows, making it a reliable investment.

  • What is the significance of Coca-Cola's dividend yield of 3.26%?

    -The dividend yield of 3.26% signifies that Coca-Cola provides a relatively high return on investment compared to other stocks discussed in the video, and it is a company with strong branding and pricing power.

  • What is the reason behind the creator's caution regarding high dividend yields in stocks?

    -High dividend yields can be a red flag as it might indicate that the company is not reinvesting enough in its business, which could lead to stunted growth.

  • What is the dividend yield of Apple mentioned in the video, and why is it included despite being low?

    -Apple has a dividend yield of 0.55%. It is included because, although it's not a high yielder, the creator finds that the dividends add up as they continue to invest in Apple for capital appreciation.

  • What is the significance of Kraft Heinz's dividend yield of 4.64% in the context of the video?

    -Kraft Heinz's dividend yield of 4.64% is significant as it offers a higher return compared to the average, but the company is considered one of the weaker dividend stocks in terms of growth potential.

  • What is the bonus stock mentioned in the video, and what makes it special?

    -The bonus stock is the S&P 500 ETF by Vanguard (VOO), which is special because it offers diversification and a dividend yield of around 1.5 to 1.6%, providing a steady income stream from a broad market index.

  • What is the dividend yield of Johnson & Johnson, and why is it considered a 'SWAN' stock?

    -Johnson & Johnson has a dividend yield of 3%. It is considered a 'SWAN' stock because it offers stability, sells essential products, and has increased dividends for 61 consecutive years, making it a reliable long-term investment.

  • How much money would one need to invest to make $660 per month in dividends with an average yield of 4%?

    -To make $660 per month in dividends with an average yield of 4%, one would need to invest around $200,000, as this would yield approximately $8,000 per year.

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Etiquetas Relacionadas
Dividend StocksPassive IncomeInvestment PortfolioProcter & GambleJPMorgan ChaseHome DepotCoca-ColaApplePharmaceuticalsConsumer Staples
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