Max Dividends Stocks of the week 06/05/2024
Top 10 High Yield Dividend Growth Undervalued stocks | Dividend Yield 4,71%
Every week, We handpick top high yield dividend growing reliable stocks to invest in using the MaxDividends strategy. Best fit for DGI strategy and long-term dividend investors.
These companies offer high, growing dividends, are profitable, and financially stable at the time of publication.
⭐️ Week 06/05/2024 MaxDividends Stocks
Average Dividend Yield 4.71%
Average 10Y Dividend Growth Rate 11.50%
6,84% VZ - Verizon Communications Inc
5,21% RSKIA - George Risk Industries Inc
5,05% BBY - Best Buy Co Inc
5,01% RGP - Resources Connection Inc
4,89% MPX - Marine Products Corp
4,56% CRI - Carter's Inc
4,41% FWRD - Forward Air Corp
4,06% NXST - Nexstar Media Group Inc
3,59% SMP - Standard Motor Products Inc
3,49% CMCSA - Comcast Corp
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Average Dividend Yield 4,71%
Average 10Y Dividend Growth Rate 11,50%
If you had invested $1,000 in these stocks 10 years ago, you'd be earning 20% annually in passive dividend income today.
If you'd invested $1,000 per month in these stocks 10 years ago, you'd be earning $1,600 in monthly passive income.
Re-investing $1,600 monthly could lead to $2,500 monthly in five years.
With $2,500 a month in these top 10 stocks, you'd reach $4,500 in monthly dividends in five more years.
In another five years, you'd receive $8,000 monthly in dividends without any extra effort.
This is how Max Dividends operates: No worries about price fluctuations, no concerns about stock market noise.
MaxDividends strategy in practice
To see how the MaxDividends strategy works in practice, I started an experiment: $12,000 a month in 120 weeks.
Using the MaxDividends calculator, I calculated that by investing $20,000 a month with a starting capital of $1,500,000 and reinvesting dividends, I will reach my goal in ~2,5 years, approximately ~120 weeks. Until the end of the experiment, I will reinvest all received dividends back.
🚴 Year 1: ~70% of the Goal
🚴 Year 2: ~85% of the Goal
🏆 Year 3: 100% of the Goal. Mission complete!
Every week, I make purchases according to this plan and post the strategy results on the blog. You can follow my purchases here.
You can check also topics about RoadMap to live off dividends
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