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Dividend paying stocks offer a versatile approach to improving income and growth potential, regardless of your stage of life.
During the years before you retire, reinvesting dividends can significantly increase returns.
Consider a hypothetical investment in the S&P 500 Index Fund in 1993. According to Charles Schwab, reinvesting the dividends would have resulted in over $158,000 by the end of 2022, while not reinvesting them would have limited it to $88,000.
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By investing in reliable, long-term dividend stocks, investors are typically able to survive a market downturn or recession and thrive during bull markets.
About a month ago, a Redditor on r/Dividends shared their earnings report and portfolio and said they had reached their 12-month goal of $300,000 with investments of about $4 million.
Professional_Panic67, who owns about 150 stocks, wrote that the top 10 stocks they’re invested in account for about 25% of the $300,000 in revenue.
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The top 10 of Professional_Panic in order is:
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BlackRock Science and Technology Term Trust (NYSE:BSTZ) has an annual dividend yield of 9.18%.
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Nuveen Real Asset Income and Growth Fund (NYSE:JR) has an annual dividend yield of 6.57%.
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DoubleLine Income Solutions Fund common shares (NYSE:DSL) has an annual dividend yield of 10.36%.
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Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN: NRO) has an annual dividend yield of 9.4%.
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Kayne Anderson Energy Infrastructure Fund Inc. (NYSE:KYN) has an annual dividend yield of 8.31%.
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Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) has an annual dividend yield of 10.7%.
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Voya Infrastructure Industrials and Materials Fund (NYSE:IDE) has an annual dividend yield of 10.07%.
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Altria Group Inc. (NYSE:MO) has an annual dividend yield of 8.22%.
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Ares Capital Corp. (NASDAQ:ARCC) has an annual dividend yield of 8.87%.
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BlackRock Corporate High Yield Fund Inc. (NYSE:HYT) has an annual dividend yield of 9.47%.
