8 Dividend Stocks That Pay Me $660+ Per Month

Summary

In 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.