9 Dividend Stocks That Pay Me $3,100 Per Month

Summary

In this video, the creator shares a glimpse into their dividend stock portfolio, which generates several thousand dollars in passive income each month. After nearly 10 years of investing, the portfolio includes stocks like Home Depot, Norfolk Southern, Air Products, and Altria, among others. The creator discusses the reasoning behind each investment, such as industry stability, pricing power, and long-term growth potential. Although the income from dividends fluctuates monthly, the creator emphasizes the importance of diversification and cautious investment in high-yield stocks. The video concludes with an invitation to sign up for MooMoo to receive free stocks for investment.

Takeaways

• 😀 The creator's dividend stock portfolio generates thousands of dollars per month, a result of years of consistent investing and portfolio growth.
• 😀 Home Depot was recently added to the portfolio, offering a solid dividend with a focus on the home improvement sector, which is difficult to disrupt.
• 😀 Norfolk Southern, a railway company, offers a 2.44% dividend yield, with the creator taking advantage of a price drop due to a recent derailment incident.
• 😀 Air Products & Chemicals, with its 2.5% dividend yield, benefits from its focus on the hydrogen sector and strong pricing power in industrial markets.
• 😀 Barrick Gold is a miner with a fluctuating dividend that the creator considers a cherry on top, with the stock offering about a 3% yield.
• 😀 Realty Income is a real estate investment trust (REIT) that pays a 4.64% annual dividend yield and provides a stable income from a diversified portfolio of leased properties.
• 😀 Altria, a tobacco company, offers a high 8% dividend yield. The creator extracts the dividends and reinvests them elsewhere due to the long-term uncertainty of the tobacco industry.
• 😀 JPMorgan Chase is seen as the most stable bank, offering a 2.91% dividend yield. The creator views it as a solid long-term investment despite recent stock price fluctuations.
• 😀 PepsiCo has great pricing power in the beverage industry and offers a stable 2.61% dividend yield, making it a reliable long-term holding in the portfolio.
• 😀 The Vanguard High Dividend Yield ETF (VYM) offers a 3% annual dividend yield, providing an easy way for investors to diversify without having to pick individual stocks.

Q & A

How much passive income does the speaker generate from their dividend portfolio on average?

The speaker generates a few thousand dollars per month from their dividend portfolio on average, although the exact amount varies from month to month due to the different dividend payout schedules of each company.

What is the main goal of the speaker's dividend investing strategy?

The main goal of the speaker's dividend investing strategy is to create a stable source of passive income, with a focus on growing the portfolio and increasing dividends over time.

Why does the speaker mention that they can't retire yet despite the income from their portfolio?

The speaker mentions that they can't retire yet because inflation is quite high, which impacts their purchasing power and makes it difficult to sustain their lifestyle on the current dividend income alone.

How does the speaker describe the risk of investing in high dividend yield stocks?

The speaker cautions that high dividend yield stocks (above 6%) can be risky, as such yields might indicate unsustainable payouts. They recommend being careful with these investments to avoid potential dividend cuts.

What is the MooMoo promotion mentioned in the video?

The MooMoo promotion offers up to 17 free stocks when new users sign up and make a qualifying deposit. The speaker suggests using these stocks to potentially buy more dividend stocks and start building a portfolio.

Which dividend stock does the speaker add to their portfolio recently, and why?

The speaker recently added **Home Depot (HD)** to their portfolio, citing the company’s strong fundamentals and reliable dividend payments as reasons for the addition.

What is the dividend yield of Norfolk Southern (NSC) and how does the speaker view its current stock price?

Norfolk Southern (NSC) has a dividend yield of about 2.44%, with an annual payout of approximately $2.50 per share. The speaker views the recent 14% drop in the stock price as a potential buying opportunity.

Why does the speaker invest in Barrick Gold (GOLD) despite generally avoiding mining stocks?

The speaker decided to invest in Barrick Gold (GOLD) because of the current market conditions, viewing it as a good opportunity due to the potential of rising gold prices. They also acknowledge the 3% dividend yield and the risk that the dividend could be cut if gold prices fall.

What makes **Realty Income (O)** an attractive stock for the speaker?

Realty Income (O) is attractive to the speaker because it is a REIT with a solid 4.64% dividend yield, and the company has a large, diversified portfolio of properties with long-term leases, offering stability and reliable income.

How does the speaker treat the dividend income from Altria (MO)?

The speaker treats the dividend income from Altria (MO) as 'bonus income' due to the company's volatility and the risks associated with its business model. They see it as a source of additional funds to reinvest in other stocks.

What is the strategy behind investing in the Vanguard High Dividend Yield ETF (VYM)?

The strategy behind investing in the Vanguard High Dividend Yield ETF (VYM) is to diversify while still earning a stable dividend income. The speaker likes its low cost and consistent yield of around 3% annually.

How does the speaker suggest that new investors start building their dividend portfolios?

The speaker suggests new investors start by using the MooMoo platform to sign up and get free stocks, which can be reinvested into dividend stocks to build a portfolio. They also advise focusing on sustainable dividend-paying companies.