Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Dividend-paying stocks offer a versatile approach to enhancing income and growth potential, regardless of your life stage.
For those years away from retirement, reinvesting dividends can significantly boost returns.
Consider a hypothetical investment in the S&P 500 Index Fund in 1993. According to Charles Schwab, reinvesting dividends would have grown it to over $158,000 by the end of 2022, while not reinvesting would have limited it to $88,000.
Don’t Miss Out:
Investing in reliable, long-term dividend stocks usually positions investors to survive a market downturn or recession and thrive during bull markets.
About a month ago, a Redditor on r/Dividends shared their income report and portfolio, saying they hit their $300,000 12-month goal on investments of about $4 million.
Professional_Panic67, who has about 150 holdings, wrote that the top 10 stocks they’ve invested in account for about 25% of the $300,000 in earnings.
Trending: This billion-dollar fund has invested in the next big real estate boom, here’s how you can join for $10.
This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund’s prospectus. Read them carefully before investing.
Professional_Panic’s top 10 in order are:
-
BlackRock Science and Technology Term Trust (NYSE:BSTZ) has an annual dividend yield of 9.18%.
-
Nuveen Real Asset Income and Growth Fund (NYSE:JR) has an annual dividend yield of 6.57%.
-
DoubleLine Income Solutions Fund Common Stock (NYSE:DSL) has an annual dividend yield of 10.36%.
-
Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN: NRO) has an annual dividend yield of 9.4%.
-
Kayne Anderson Energy Infrastructure Fund Inc. (NYSE:KYN) has an annual dividend yield of 8.31%.
-
Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) has an annual dividend yield of 10.7%.
-
Voya Infrastructure Industrials and Materials Fund (NYSE:IDE) has an annual dividend yield of 10.07%.
-
Altria Group Inc. (NYSE:MO) has an annual dividend yield of 8.22%.
-
Ares Capital Corp. (NASDAQ:ARCC) has an annual dividend yield of 8.87%.
-
BlackRock Corporate High Yield Fund Inc. (NYSE:HYT) has an annual dividend yield of 9.47%.
