7 Undervalued Income Stocks to Buy in January (2023)

Although the wild volatility of 2022 delivered some tempting market ideas for the new year, investors should also make some room for undervalued income stocks to buy. Fundamentally, dividend-paying enterprises offer tremendous relevancies because they help keep your portfolio right side up. And because of last year’s downpour, investors can scoop up quality names for cheap.

Moving forward, it’s possible that the Federal Reserve could ease off its monetary tightening policy or perhaps slash interest rates. Such an action would likely spark upside mobility in risk-on asset classes, thereby rewarding growth-oriented enterprises. However, this projection isn’t guaranteed, which is why undervalued income stocks to buy remain intriguing.

Besides, hurtling toward another ambiguous environment, anything can happen. You can mitigate some of the unpleasantries with the undervalued income stocks to buy listed below.

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Robert Half









United Microelectronics



Stanley Black & Decker



Phillips 66



British American Tobacco


Robert Half (RHI)

7 Undervalued Income Stocks to Buy in January (1)

Source: jittawit21/Shutterstock.com

Under strained market environments such as the present juncture, you must take what Wall Street gives you. For instance, one of the hot topics – that’s actually a downer – in the economy right now is mass layoffs. With many high-paying white-collar jobs suffering the corporate axe, the resumes will start flying. Invariably, in my view, this circumstance should benefit the employment services agency Robert Half (NYSE:RHI).

To be sure, RHI hasn’t enjoyed a great performance in the market. In the trailing year, shares dropped over 27% in equity value. Nevertheless, it’s one of the undervalued income stocks to buy. Again, the fundamental backdrop favors Robert Half. Increasingly, we may see rising desperation among white-collar workers, thus driving demand for the company’s services.

Financially, the market prices RHI at nearly 13 times trailing earnings. In contrast, the sector median stands at 15.8 times. As well, the company enjoys strong profitability metrics and a decently stable balance sheet. Though Robert Half’s forward yield of 2.16% isn’t anything to write home about, it’s also a very dependable payout.


7 Undervalued Income Stocks to Buy in January (2)

(Video) 7 Undervalued Growth Stocks to Buy Right Now

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A specialist in the field of supplemental insurance, AFLAC(NYSE:AFL) represents a boring business. Still, boring businesses tend to make solid candidates for undervalued income stocks to buy. Moreover, the wild events of the coronavirus pandemic will likely support rising demand for Aflac’s protective solutions.

Essentially, the Covid-19 crisis forced Americans (and citizens of other privileged nations) to pop their delusional bubbles. No longer will once-in-a-century pandemics remain the exclusive domain of the foreign and exotic. Instead, Covid-19 made us all realize that the smelly stuff can roll downhill very quickly. And while we can’t do much about random catastrophes, we can protect ourselves financially.

Aside from a great story, AFL objectively ranks among the undervalued income stocks to buy. Currently, the market prices Aflac shares at a trailing multiple of 9.13. For comparison, the sector median stands at 12.83 times.

Finally, Aflac carries a forward yield of 2.35%. No, it’s not the most generous yield but it’s a reliable payout. Indeed, the company features 40 years of consecutive annual dividend increases.

Snap-on (SNA)

7 Undervalued Income Stocks to Buy in January (3)

Source: Shutterstock

Another arguably boring idea, Snap-on (NYSE:SNA) probably doesn’t get much airtime. However, that could change soon. With the Biden administration focused on repairing and revamping the nation’s various infrastructure networks, Snap-on could soar in relevance. Per the company’s public profile, it manufactures and markets high-end tools and equipment for professional use in the transportation industry.

(Video) 7 Stocks Im Buying Now - January 2023

While so many publicly traded securities stumbled in 2022, SNA did largely the opposite. In the trailing year, Snap-on gained over 13% of equity value. Further, in the company’s most recent third-quarter earnings report, it topped earnings and revenue estimates. Interestingly, analysts rate SNA a consensus moderate buy. And their average price target implies an upside potential of over 15%.

Currently, the market prices SNA at both a trailing and forward multiple of 14.5. For both metrics, Snap-on trades conspicuously below the sector median multiple. Lastly, the company carries a forward yield of 2.71%. Thus, from a relevancy and dividend standpoint, SNA represents one of the undervalued income stocks to buy in January.

United Microelectronics (UMC)

7 Undervalued Income Stocks to Buy in January (4)

Source: Shutterstock

Due to the severe global supply chain disruption impacting the broader technology space, it’s no surprise that semiconductor firm United Microelectronics (NYSE:UMC) suffered steep losses in 2022. In the trailing year, UMC gave up nearly 27% of equity value. That said, modern societies always move forward. Therefore, UMC could make for an interesting pickup among undervalued income stocks to buy.

Indeed, the rest of the markets seem to think so. Since the January opener, UMC stormed out of the gates to a nearly 21% upside performance. Currently, Wall Street analysts rate United as a consensus moderate buy. Additionally, their average price target implies a 24% upside potential from here on out. If that wasn’t enough to whet your appetite, UMC also enjoys very positive sentiment among hedge funds.

As well, the market prices shares at 9.7-times forward earnings, well below the sector median of 18.6 times. Further, United benefits from a strong balance sheet and excellent profit margins. Its forward yield of 3.59% represents the icing on the cake. It’s easily one of the undervalued income stocks to buy.

Stanley Black & Decker (SWK)

7 Undervalued Income Stocks to Buy in January (5)

(Video) 4 Discounted Dividend Stocks To Buy In February 2023

Source: Shutterstock

Arguably, when most people look for ideas to invest in, manufacturers of power tools don’t come readily to mind. However, with the aforementioned Biden administration pushing its infrastructure-building initiatives, Stanley Black & Decker (NYSE:SWK) could enjoy upside success. Notably, analysts from Data Bridge Market Research project that the power tools market could reach a valuation of $51.45 billion. If so, this would represent a compound annual growth rate of 5.2% from 2021.

To be fair, the market hasn’t been friendly to SWK. In the trailing year, shares plunged more than 50%, which is horrendous, needless to say. However, investors appear to see incredible value in SWK now. Since the January opener, the underlying company gained over 16% of market value. To add more encouragement, hedge fund sentiment for the power tools specialist ranks as very positive.

Right now, the market prices SWK at a trailing multiple of 9.7. This compares quite favorably against the sector median of 20.6 times. Finally, the company carries a forward yield of 3.62%, making it one of the undervalued income stocks to buy.

Phillips 66 (PSX)

7 Undervalued Income Stocks to Buy in January (6)

Source: Shutterstock

Although I’m starting to go back to the well a bit too many times with Phillips 66 (NYSE:PSX), if you’re seeking undervalued income stocks to buy, it’s probably one of the best for more aggressive investors. Fundamentally, what’s attractive about the company centers on its downstream component of the energy value chain. Focusing on refining and marketing, it’s directly connected to where the economic rubber meets the road.

In my estimation, there will be plenty of rubber meeting the same congested road soon. With major enterprises now demanding their remote workers to come back to the office, oil firms must be licking their lips. While worker bees might put up a fuss, under a recessionary environment, it’s wise to just toe the line. Otherwise, you could be on the unemployment line.

Objectively, PSX ranks among the undervalued income stocks to buy based on its trailing multiple. Presently, the market prices shares at 4.9 times trailing earnings. In contrast, the sector median pings at 8.4 times. With a forward yield of 3.63%, it’s very difficult to ignore Phillips 66.

British American Tobacco (BTI)

7 Undervalued Income Stocks to Buy in January (7)

(Video) 7 Undervalued High-Yield Dividend Aristocrats to Buy Now 🔥🔥🔥

Source: Shutterstock

Saving the most controversial name on this list of undervalued income stocks to buy, agnostically-minded investors may want to consider British American Tobacco (NYSE:BTI). Politically, socially and ideologically, the tobacco industry commands as much respect as a dental practice with no anesthesia. Still, British American is evolving with the market, particularly with its cleaner-profile vaping/e-cigarette products.

Cynically, it’s also possible that the associated mental health pressures stemming from a recession may lead to an increased usage of adult liberties. I’m not just talking about “analog” cigarettes but also the increased use of vaping products. Based on the available evidence, vaping is less harmful than smoking but it’s not 100% safe.

On the financial front, BTI makes a case for undervalued income stocks to buy. Currently, the market prices shares at a forward multiple of 7.72. In contrast, the sector median stands at 12.2 times. Finally, British American offers a forward yield of 7.76%. That simply might be too tempting, even for conservative investors.

On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.

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Does dividend investing work? ›

Dividend investing can be a great investment strategy. Dividend stocks have historically outperformed the S&P 500 with less volatility. That's because dividend stocks provide two sources of return: regular income from dividend payments and capital appreciation of the stock price. This total return can add up over time.

What does dividend mean in stocks? ›

A stock dividend is a payment to shareholders that consists of additional shares rather than cash. The distributions are paid in fractions per existing share. For example, if a company issues a stock dividend of 5%, it will pay 0.05 shares for every share owned by a shareholder.

Do you own part of a company with stocks? ›

Stockholders own shares of a company, but the level of ownership may not present the benefits and responsibilities sought after. Most shareholders have no direct control over a company's operations, although some have voting rights affording some authority, such as voting for the board of directors members.

What is dividend growth investing? ›

“But investors should keep in mind that dividend growth means that a company is paying cash to shareholders instead of reinvesting in the business.”

What stock pays highest dividend? ›

Most Recent Earnings of Dividend Stocks
  • XRX. Xerox. Jan 26, 2023. ...
  • IBM. International Business Machines. Jan 25, 2023. ...
  • CVX. Chevron. Jan 27, 2023. ...
  • EOG. EOG Resources. Nov 03, 2022. ...
  • EPD. Enterprise Products Partners. Nov 01, 2022. ...
  • ET. Energy Transfer. Nov 01, 2022. ...
  • HESM. Hess Midstream Partners. Jan 25, 2023. ...
  • ARCC. Ares Capital. Oct 25, 2022.

How to invest $10k for passive income? ›

If you have $10,000, here are eight common passive investments to consider.
  1. A financial advisor can help you create a financial plan for your passive investments. ...
  2. Dividend stocks. ...
  3. Real estate. ...
  4. Dividend ETFs and index funds. ...
  5. Bonds and bond funds. ...
  6. Peer to peer lending. ...
  7. High-yield savings accounts. ...
  8. Annuities.
Dec 14, 2022

How many dividend stocks should I own? ›

By owning fewer than 25 stocks, investment risk increases significantly. But, by owning more than 25 stocks, there are diminishing benefits from diversification. Especially when additional stocks are added to a portfolio beyond 30. So, 25 stocks should be plenty.

Is it smart to buy a stock right before dividend? ›

If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

What is a good dividends per share? ›

Healthy. A range of 35% to 55% is considered healthy and appropriate from a dividend investor's point of view. A company that is likely to distribute roughly half of its earnings as dividends means that the company is well established and a leader in its industry.

When should a beginner buy stocks? ›

If you're a beginning investor, the best time to enter the market is when stocks prices are down. Here's what else you need to know about investing in stocks: Where to start investing in stocks.

How can a beginner invest in stocks with little money? ›

One solution is to invest in stock index funds and ETFs. These often have low investment minimums (and ETFs are purchased for a share price that could be lower still), and some brokers, like Fidelity and Charles Schwab, offer index funds with no minimum at all.

When I buy a stock who am I buying it from? ›

When you buy a share of stock on the stock market, you are not buying it from the company, you are buying it from an existing shareholder. What happens when you sell a stock? You do not sell your shares back to the company, but instead, sell them to another investor on the exchange.

How to make $1,000 a month in dividends? ›

In a market that generates a 2% annual yield, you would need to invest $600,000 up front in order to reliably generate $12,000 per year (or $1,000 per month) in dividend payments.

What is the 4% dividend rule? ›

But remember that the 4% rule says you have to sell 4% of your portfolio, including bonds, every year. This means that if you are close to or already retired, the short-term decline in bond prices could force you to take a loss on your bond investment.

What is a good 5 year dividend growth rate? ›

5-Year Dividend Growth Rate CAGR is at least 10% - We are looking for stocks with double-digit dividend growth rates. 10-Year Dividend Growth Rate CAGR is at least 10% - We are looking for stocks with double-digit dividend growth rates.

What are the 5 highest dividend paying stocks? ›

High-dividend stocks
  1. V.F. Corporation (VFC) ...
  2. Devon Energy (DVN) Devon Energy is a producer of oil and natural gas and holds a portfolio of oil and gas properties in the U.S. ...
  3. Dow Inc. (DOW) ...
  4. International Business Machines (IBM) ...
  5. Verizon Communications (VZ) ...
  6. AT&T (T) ...
  7. Intel (INTC) ...
  8. Philip Morris International (PM)
Jan 25, 2023

What are the three best dividend stocks? ›

Let's find out.
  1. Verizon. Sporting the highest dividend yield among its peers, Verizon yields 6.5%. ...
  2. Intel. The second-highest yielder is Intel, at 5.6%. ...
  3. Dow. Dow is the third-highest-yielding stock in the index, with a slightly lower yield than Intel at 5.5%.
Jan 8, 2023

What is the best investment in a recession? ›

While no investment is guaranteed to be recession-proof, some tend to perform better than others during downturns. These include health care and consumer staples stocks (or funds tracking those sectors), large-cap stocks and income investments.

What are the 7 sources of income? ›

7 Income Streams That Make Millionaires Rich
  • Capital Gains From Appreciated Assets. ...
  • Dividend Income. ...
  • Interest Payments. ...
  • Rental Income. ...
  • Business Income. ...
  • Earned Income. ...
  • Royalties and Selling Rights.
Oct 31, 2022

What is the most profitable passive income? ›

Here are 10 of the best ways to earn passive income.
  • Bonds and bond index funds. ...
  • High-yield savings accounts. ...
  • Rental properties. ...
  • Peer-to-peer lending. ...
  • Private equity. ...
  • Content. ...
  • Real estate investment trusts (REITs) ...
  • Crypto staking.
Jan 23, 2023

What is the smartest way to invest 10K? ›

If you have $10,000 to invest, a financial advisor can help you create a financial plan for your investment needs and goals.
  1. Max Out Your IRA. ...
  2. Contribution to a 401(k) ...
  3. Create a Stock Portfolio. ...
  4. Invest in Mutual Funds or ETFs. ...
  5. Buy Bonds. ...
  6. Plan for Future Health Costs With an HSA. ...
  7. Invest in Real Estate or REITs.
Dec 19, 2022

What are the 3 dividend stocks to buy and hold forever? ›

9 dividend stocks to hold

Prudential Financial Inc. Coca-Cola Co. AbbVie Inc. AT&T Inc.

What is the safest dividend stock? ›

  • One of the safest and smartest high-yield dividend stocks investors can buy for the new year is oil and gas stock Enterprise Products Partners (EPD -1.73%).
  • A second extremely safe, high-yield dividend stock to buy for 2023 is tobacco behemoth Philip Morris International (PM 0.07%).
Dec 20, 2022

How long should you hold dividend stocks? ›

In order to receive the preferred 15% tax rate on dividends, you must hold the stock for a minimum number of days. That minimum period is 61 days within the 121-day period surrounding the ex-dividend date.

What is the 60 day dividend rule? ›

Stock shares that pay dividends must be held for at least 61 days within a 121-day period that begins 60 days before the ex-dividend date. The ex-dividend date is one business day before the dividend's record date.

When should you not pay a dividend? ›

A company that is still growing rapidly usually won't pay dividends because it wants to invest as much as possible into further growth. Mature firms that believe they can increase value by reinvesting their earnings will choose not to pay dividends.

Will dividends Make You Rich? ›

Can an investor really get rich from dividends? The short answer is “yes”. With a high savings rate, robust investment returns, and a long enough time horizon, this will lead to surprising wealth in the long run. For many investors who are just starting out, this may seem like an unrealistic pipe dream.

Is Apple a dividend stock? ›

Yes, AAPL has paid a dividend within the past 12 months. How much is Apple's dividend? AAPL pays a dividend of $0.23 per share. AAPL's annual dividend yield is 0.66%.

Is 5% a good dividend? ›

A good dividend yield is high enough to meet your current income needs. But low enough to suggest a company's dividend is not at risk. Dividend yields that meet these requirements will typically fall between 2% and 5%.

At what age should you stop investing in stock market? ›

You probably want to hang it up around the age of 70, if not before. That's not only because, by that age, you are aiming to conserve what you've got more than you are aiming to make more, so you're probably moving more money into bonds, or an immediate lifetime annuity.

What is the best stock to buy in 2022? ›

Top 5 Stocks of 2022
  1. Occidental Petroleum Corp. ( OXY) Year-to-Date Return: 139.9%3. ...
  2. Constellation Energy Corp. ( CEG) Year-to-Date Return: 126.9%3. ...
  3. Antero Resources Corp. ( AR) Year-to-Date Return: 111.0%3. ...
  4. Texas Pacific Land Corp. ( TPL) Year-to-Date Return: 104.1%3. ...
  5. Signify Health Inc. (SGFY) Year-to-Date Return: 101.3%3.
Dec 6, 2022

Which penny stock is good to buy now? ›

Best Penny Stocks To Buy Now In India February 2023
  • Best Penny Stocks To Buy Right Now In India 2023.
  • Suzlon Energy Ltd.
  • South Indian Bank.
  • Reliance Power.
  • Vodafone Idea.
  • Bank of Maharashtra.
  • Frequently Asked Question (FAQs)
Jan 23, 2023

What is the simplest thing to invest in? ›

Best investments for beginners
  1. High-yield savings accounts. This can be one of the simplest ways to boost the return on your money above what you're earning in a typical checking account. ...
  2. Certificates of deposit (CDs) ...
  3. 401(k) or another workplace retirement plan. ...
  4. Mutual funds. ...
  5. ETFs. ...
  6. Individual stocks.
Jul 18, 2022

How many stocks should I own as a beginner? ›

Most experts tell beginners that if you're going to invest in individual stocks, you should ultimately try to have at least 10 to 15 different stocks in your portfolio to properly diversify your holdings.

How much should a beginner put in the stocks? ›

"If you're a typical working person or a beginning investor, you should know that it doesn't take a lot of money to start," IBD founder William O'Neil wrote in "How to Make Money in Stocks." "You can begin with as little as $500 to $1,000 and add to it as you earn and save more money," he wrote.

What day of the week is best to buy stocks? ›

Best Buy Days: Bull and Bear Markets
IndexBest Sell DayBest Buy Day
Dow TransportsMondayThursday
Dow IndustrialsWednesday or FridayMonday
NasdaqWednesday, Thursday, or FridayMonday
S&P 500Wednesday or FridayMonday
1 more row
Jan 19, 2023

What should you not do when buying stocks? ›

  1. Not Understanding the Investment.
  2. Falling in Love With a Company.
  3. Lack of Patience.
  4. Too Much Investment Turnover.
  5. Attempting to Time the Market.
  6. Waiting to Get Even.
  7. Failing to Diversify.
  8. Letting Your Emotions Rule.

How do I pick my first stock? ›

5 Steps for Choosing Stocks
  1. Assess the market. Before you add a position, note how the broader market is moving, since research suggests that roughly 75% of stocks move in step with the market. ...
  2. Identify a sector. ...
  3. Screen for stocks. ...
  4. Review the fundamentals. ...
  5. Check the charts.

What is the fastest way to grow dividend income? ›

  1. Invest New Cash In Dividend-Paying Stocks To Increase Dividend Income. ...
  2. Receive Dividend Increases To Increase Dividend Income. ...
  3. Reinvest Your Dividends To Increase Dividend Income. ...
  4. Swap Lower-Yielding Stocks For Those With Higher Dividend Yields To Increase Dividend Income. ...
  5. Practice Dollar-Cost Averaging.

Can you make a living off dividends? ›

Living off dividends amidst volatility is challenging but achievable. With preparation, knowledge, and wise portfolio diversification, returns may offset risks. It is important to be familiar with dividend-paying stocks and other investments.

Are dividends taxed? ›

Dividends can be classified either as ordinary or qualified. Whereas ordinary dividends are taxable as ordinary income, qualified dividends that meet certain requirements are taxed at lower capital gain rates.

Which is the biggest expense for most retirees? ›

Although healthcare costs take up an increasingly large chunk of overall expenses in retirement, for most retirees the biggest expense is the same one they faced throughout much of their adult lives: housing. Overall housing costs don't just include monthly mortgage or rent payments.

What is the best age to retire? ›

The normal retirement age is typically 65 or 66 for most people; this is when you can begin drawing your full Social Security retirement benefit. It could make sense to retire earlier or later, however, depending on your financial situation, needs and goals.

Is 4 million enough to retire at 65? ›

Is $4 million enough to retire at 65? Yes, you can retire at 65 with four million dollars. At age 65, an annuity will provide a guaranteed level income of $269,200 annually starting immediately for the rest of the insured's lifetime.

Which stock gives the highest dividend? ›

20 high-yield dividend stocks to watch
High-yield dividend stockTickerDividend yield
Procter & Gamble(NYSE:PG)2.88%
Realty Income(NYSE:O)4.72%
16 more rows

What stocks have the highest dividend growth rate? ›

Dividend Growth Market Leaders
  • KO61.320.68% ...
  • MCD267.40-3.49% McDonald's Corporation.
  • MDT83.691.11% Medtronic plc.
  • SHW236.595.71% The Sherwin-Williams Company.
  • EMR90.220.53% Emerson Electric Co.
  • AFL73.500.46% Aflac Incorporated.
  • CTAS443.747.70% Cintas Corporation.
  • MKC75.120.44% McCormick & Company, Incorporated.

Which company gives highest dividend? ›

Highest Dividend Yield Shares
S.No.NameCMP Rs.
1.RSWM Ltd170.05
2.Banco Products200.70
3.REC Ltd121.75
4.Standard Inds.31.55
22 more rows

Can you live off dividend investing? ›

Living off dividends amidst volatility is challenging but achievable. With preparation, knowledge, and wise portfolio diversification, returns may offset risks. It is important to be familiar with dividend-paying stocks and other investments.

How do I make $1000 a month in dividends? ›

To generate $1,000 per month in dividends, you'll need to build a portfolio of stocks that will produce at least $12,000 in dividends on an annual basis. Using an average dividend yield of 3% per year, you'll need a portfolio of $400,000 to generate that net income ($400,000 X 3% = $12,000).

How much money do I need to invest to make $1 000 a month in dividends? ›

In a market that generates a 2% annual yield, you would need to invest $600,000 up front in order to reliably generate $12,000 per year (or $1,000 per month) in dividend payments.

What is the downside to dividend stocks? ›

Some experts criticize dividend producing stocks because dividend payments are taxed twice. Taxes are paid by the corporation and you, the investor, must pay personal income tax on dividends earned over the course of a given tax year.

How do I avoid paying tax on dividends? ›

How can you avoid paying taxes on dividends?
  1. Stay in a lower tax bracket. ...
  2. Invest in tax-exempt accounts. ...
  3. Invest in education-oriented accounts. ...
  4. Invest in tax-deferred accounts. ...
  5. Don't churn. ...
  6. Invest in companies that don't pay dividends.
Sep 6, 2022

Can you become a millionaire from dividends? ›

Can an investor really get rich from dividends? The short answer is “yes”. With a high savings rate, robust investment returns, and a long enough time horizon, this will lead to surprising wealth in the long run.

What is a good dividend portfolio? ›

You Can Build a Dividend Portfolio for Regular Income

Hold between 20 and 60 stocks to reduce company-specific risk. Roughly equal-weight each position. Invest no more than 25% of your portfolio in any one sector. Target companies with Safe or Very Safe Dividend Safety Scores™

What is the best passive income? ›

Here are 10 of the best ways to earn passive income.
  • Bonds and bond index funds. ...
  • High-yield savings accounts. ...
  • Rental properties. ...
  • Peer-to-peer lending. ...
  • Private equity. ...
  • Content. ...
  • Real estate investment trusts (REITs) ...
  • Crypto staking.
Jan 23, 2023

Which dividends pay monthly? ›

2023 Monthly Dividend Stocks List: All 60 Ranked and Analyzed
  • 2023 Monthly Dividend Stocks List. ...
  • Monthly Dividend Stock #1: Realty Income. ...
  • Monthly Dividend Stock #2: Main Street Capital. ...
  • Monthly Dividend Stock #3: Agree Realty. ...
  • Monthly Dividend Stock #4: STAG Industrial. ...
  • Monthly Dividend Stock #5: RioCan.
Jan 2, 2023

What is the best investment to get monthly income? ›

Best Investment Plan for Monthly Income
  • Post Office Monthly Income Scheme.
  • Government Bond.
  • Corporate Deposits.
  • Monthly Income Plan.
  • Senior Citizen Savings Scheme.
  • Pradhan Mantri Vaya Vandana Yojana (PMVVY)
  • Systematic Withdrawal Plans (SWP)
  • Guaranteed Income Insurance Plans. Related Articles.

How to make 5k a month in dividends? ›

How To Make $5,000 A Month In Dividends
  1. Develop a long term perspective.
  2. Determine how much you can allocate for investment.
  3. Select dividend stocks that are consistent with your strategy.
  4. Invest in your selected dividend stocks regularly.
  5. Keep investment costs and trading to a minimum.
  6. Reinvest all dividends received.

Are dividend stocks good for retirees? ›

Investing in opens in a new windowdividend-paying stocks, mutual funds, and exchange-traded funds can be a great way to supplement your retirement income (ETFs). You can supplement your retirement savings and Social Security with the cash flow generated by those dividend payments.


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