close
close
migores1

Top 12 Stocks and ETFs

$10,000 Portfolio With Monthly Dividend Income: Top 12 Stocks and ETFs

$10,000 Portfolio With Monthly Dividend Income: Top 12 Stocks and ETFs

Benzinga and Yahoo Finance LLC may earn commission or revenue for some articles through the links below.

With interest rate hikes almost certain to start in September following the latest encouraging inflation data, investors are assessing their moves for the coming months. Dividend stocks aren’t famous for generating enthusiasm among investors when rates fall, but a new report from Ned Davis Research challenged that notion. The report says that historically, dividend stocks have outperformed non-dividend payers in the first nine months of easing cycles. Speaking about the CNBC report, Ed Clissold, chief US strategist at Ned Davis Research, said this trend goes back to 50 years of easing cycles. He said that because the Fed will cut rates because of a slowdown in earnings, investors would want to invest in companies that pay dividends.

Which dividend stocks can help you earn significant income per month? This question is asked hundreds of times in the dividend investing communities on Reddit, and many successful investors often share their secrets and tips. A dividend investor on the social media platform shared his dividend portfolio in detail, saying he earns about $10,000 a month in dividends.

The investor’s portfolio is highly diversified, with ETFs, ETNs, stocks, and options, with the majority of investments in a traditional IRA.

We have selected some of the most important high yielding funds and stocks in the portfolio.

Check:

ZIM integrated shipping services

When the Redditor shared his high-income dividend portfolio on Reddit, shipping company ZIM Integrated Shipping Services Ltd (NYSE:ZIM) paid a whopping dividend yield (127%). However, amid high volatility in the shipping industry due to geopolitical headwinds, among other reasons, the company suspended its dividend. However, the company resumed its dividend earlier this year, albeit at a much lower yield (1.24%).

UBS AG Etracs Crude Oil Hedged Shares Call ETN

UBS AG Etracs Crude Oil Shares Covered Call ETN (NASDAQ:USOI) is a covered call ETN linked to crude oil prices. Sell ​​call options on that position and make money through option premiums paid to investors. The ETN has a yield of approximately 19%.

ARMOR Residential REIT, Inc. (NYSE:ARR)

ARMOR Residential REIT, Inc. (NYSE:ARR) based in Florida is a high-yield mortgage REIT that pays monthly dividends. The stock has a dividend yield of about 14% as of August 14.

Invesco Mortgage Capital

Managed by Inveso, one of the world’s leading investment companies, Invesco Mortgage Capital Inc. (NYSE:IVR) is a mortgage REIT that pays quarterly dividends. The stock has a dividend yield of about 18%.

Cornerstone Total Return Fund

Cornerstone Total Return Fund Inc (NYSEAMERICAN: CRF ) is a Redditor portfolio closed-end mutual fund that generates about $10,000 per month in dividends. The fund invests in value and growth stocks for share price appreciation and dividend income.

Cornerstone Strategic Value Fund

Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN: CLM) is a closed-end fund that generates income by investing in public companies. The fund has a yield of around 18% and pays dividends monthly.

JPMorgan Equity Premium Income ETF

The JPMorgan Equity Premium Income ETF (NYSE:JEPI) is a popular ETF that makes money by investing in some of the most notable large-cap US stocks and selling call options. The fund pays a monthly dividend and has a yield of around 6.5% as of August 14.

Trends:

Horizon Technology Finance Corp

Horizon Technology Finance Corp (NASDAQ:HRZN) is a business development company that makes loans to technology, life sciences, information and healthcare companies. HRZN has a dividend yield of approximately 11.74%.

Gladstone Capital Corporation

Gladstone Capital Corporation (NASDAQ:GLAD) is a business development company with a dividend yield of over 8%. The company recently posted strong third-quarter fiscal results, beating Wall Street estimates for net interest income.

Enbridge

Energy pipeline company Enbridge Inc (NYSE:ENB) is one of the best high-yielding dividend stocks for any portfolio targeting $10,000 in monthly income. The stock has a dividend yield of about 7%. Over the past 29 years, the company has grown its dividend at a CAGR of around 10%.

The capital of Great Ulm

Great Elm Capital Corp (NASDAQ:GECC) is a business development company that invests in media, healthcare, telecommunications, and communications equipment companies. The stock has a dividend yield of 14%.

BlackRock Variable Rate Income Strategies Fund

BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) invests in floating rate debt securities. The fund pays monthly and has a distribution rate of around 11%.

Looking for higher yielding opportunities?

The current high interest rate environment has created an incredible opportunity for income investors to earn massive returns, but not through dividend stocks… Certain private market real estate investments offer retail investors the opportunity to capitalize on these investments with high yield. opportunities and Benzinga has identified some of the most attractive options for you to consider.

For example, the Ascent Income Fund from EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1% backed by real assets. With priority payment and flexible liquidity options, the Ascent Income Fund is a core investment vehicle for income-focused investors. First-time investors with EquityMultiple can now invest in the Ascent Income Fund with a reduced minimum of just $5,000. Benzinga Readers: Get a 1% ROI boost on your first EquityMultiple investment when you sign up here (accredited investors only).

Don’t miss this opportunity to take advantage of high yield investments while rates are high. Check out Benzinga’s favorite high yield deals.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

This article $10,000 in Monthly Dividend Income Portfolio: Top 12 Stocks and ETFs originally appeared on Benzinga.com

Related Articles

Back to top button