How To Generate $100 per month.
INVESTORS WHO FOCUS ON INCOME MIGHT WANT TO LOOK at a portfolio selected by Standard & Poor's that offers the potential for a steady dividend stream. In the table below, S&P has grouped 18 stocks according to the dates on which they usually pay quarterly dividends. By purchasing one issue from each of the six time slots, an investor would receive two dividend checks every month of the year.
S&P also calculated how many shares to buy in order to generate monthly income of around $100. For example, if an investor bought 185 shares of power company
Pepco (ticker: POM), 75 shares of
PNC Financial (PNC), 125 shares of
AT&T (T), 125 shares of
Oneok (OKE), 75 shares of
Integrys (TEG) and 25 shares of
Dominion Resources (D), the six-stock portfolio at recent prices would cost $28,925, before brokerage commissions, and provide annual income of $1,200. That would make for a 4.1% yield, which is much higher than the current 2.5% yield on the S&P 500.
Table:
Turning on the SpigotWorth noting, too, is that all of the 18 stocks have a STARS ranking of four or five. That means that S&P analysts expect them to achieve superior returns over the next 12 months and rate them Strong Buy or Buy.
WITH STEEL DEMAND SOARING AND prices surging,
U.S. Steel (X) last Tuesday announced that its April-June profits more than doubled, on a 60% jump in revenues, for the best quarterly results in its history. That news, coupled with a 20% dividend hike, sent the stock up 14%, to 166.
The new quarterly on the common will be 30 cents a share, versus 25 cents. It's payable Sept. 10 to holders of record Aug. 13; the ex-date is Aug. 11. This is the No. 1 domestic integrated producer's sixth boost since January 2005.
KIMCO REALTY (KIM) IS THE LARGEST PUBLICLY traded owner and operator of neighborhood and community shopping centers in North America. Last Tuesday, Kimco, which trades on the Big Board at around 35, increased its quarterly common payout to 44 cents a share, from 40 cents, for a 4.9% yield. The respective payment, record and ex-dates are Oct. 15, Oct. 3 and Oct. 1. Kimco has enhanced its dividend by a compound annual rate of approximately 9.4% every year since its 1991 initial public offering.
UBS, which rates the stock a Buy, notes that Kimco "has one of the most multifaceted business models in the retail sector" and that "the 10% dividend bump is a testament to solid cash-flow growth despite difficult economic conditions." Kimco is investing big in Canada, and in Mexico, Chile, Peru and Brazil, where housing markets are strong and shopping centers are few.
I love these divivdend paying stocks for the long term , sit back and make some mad money for the long term play!
