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Want Over $3,000 in Annual Dividends? Invest $20,000 in Each of These 3 Stocks

Eli GrantThursday, Nov 21, 2024 10:38 am ET
4min read
Investing in dividend stocks can provide a steady income stream and potential capital appreciation. To generate over $3,000 in annual dividends, consider allocating $20,000 to each of the following three stocks, known for their strong dividend growth and attractive yields.

1. **AbbVie (ABBV)** - A biopharmaceutical company with a 5-year dividend growth rate of 7.69% and a 3.8% yield. AbbVie has increased its dividend every year since its 2013 spinoff from Abbott Labs. Its recent acquisitions, Cerevel Therapeutics and ImmunoGen, should drive future growth and support dividend increases.

2. **Brookfield Infrastructure (BIP/BIPc)** - This infrastructure stock offers a 5% (BIP) or 4.4% (BIPc) yield and has delivered 14 consecutive yearly payout increases. With a long-term growth target of 5% to 9% per year, Brookfield Infrastructure is well-positioned for continued dividend growth. Its diversified portfolio of infrastructure assets, including pipelines, data centers, and utilities, provides a stable income stream.
MSTR, CAN, SURG, BTBT, CTV...Market Cap, Turnover Rate...

3. **Enbridge (ENB)** - This midstream energy company provides a substantial 7.5% dividend yield. Enbridge has grown its payout by 10% annually over the past five years, supported by its stable cash flow and strategic acquisitions. Its long-term distribution growth rate is expected to be around 8-10%, making it an attractive choice for income investors.


Investing $20,000 in each of these stocks would yield approximately $3,120 in annual dividends, assuming a 5% yield and no reinvestment. With their strong dividend growth prospects, these stocks can provide a solid income stream and outpace the S&P 500's expected growth.

When considering dividend stocks, it's essential to evaluate their dividend payout ratios, earnings growth, and cash flow growth to ensure the sustainability of their dividends. Additionally, monitoring the companies' business prospects and financial health can help identify potential future dividend increases.

In conclusion, investing $20,000 in each of AbbVie, Brookfield Infrastructure, and Enbridge can generate over $3,000 in annual dividends, providing a steady income stream and the potential for long-term capital appreciation. By carefully selecting dividend stocks with strong growth prospects and attractive yields, investors can build a diversified portfolio that generates significant income.
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urfaselol
11/21
$ABBV Much better, ABBV!
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_hiddenscout
11/21
$ABBV Quote from DOGE (Elon Musk): "One major factor behind higher drug prices in the USA compared to other nations is that Americans bear the brunt of R&D expenses." DOGE argues that "Countries like Germany, and so forth, must start shouldering a fair share of the burden, or they shouldn’t expect unfettered access to these technologies. It's not reasonable to demand one side of the bargain without reciprocating."
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FTCommoner
11/21
$ABBV taking off! I'm trying to spread the word everywhere ahah
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Excellent-Win-4625
11/21
$ABBV holding steady at 171.35 is nuts. Let's get after it!
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Substance_Technical
11/21
$ABBV is off to a hot start today!
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Local-Store-491
11/21
$ABBV has the potential to hit 180 today. Let's go!
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makeammends
11/21
Huge shoutout to all $ABBV option holders out there! We're cashing in today. Started the day with a $6k deficit and now we're up by $3.8k. Insane, right? Keep crushing it, everyone!
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InjuryIll2998
11/21
$ABBV what does this green symbol mean?
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Bitter_Face8790
11/21
$ABBV has been trending on my TikTok. I don't know if it'll do any good, but I'm game to try it out 😂😅😂🤣
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iahord
11/21
$ABBV's recovery period.
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Sweet-Block5118
11/21
$ABBV is all in. Now is the time for bulls to strike!!!
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OhShit__ItsDrTran
11/21
Wonder if adding $ABBV to my biotech mix could be a winner long-term. Thoughts?
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abdul10000
11/21
Dividend reinvestment key for compounding growth. 🤑
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skilliard7
11/21
Enbridge yield juicy, but pipeline risks exist. 🤔
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DoU92
11/21
High yields, but check those payout ratios, folks.
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