From Nasdaq: 2024-03-31 05:59:00

The “Magnificent Seven” stocks consist of major growth companies. While only four currently pay dividends, Microsoft, Apple, Nvidia, and Meta Platforms offer steady dividend income. Amazon, Alphabet, and Tesla do not currently provide dividends, but analysts predict they may in the future.

Investing $70,000 in equal parts across the four dividend-paying stocks can yield just under $300 in annual dividend income. The highest yield comes from Microsoft, followed by Apple, Meta Platforms, and Nvidia. However, these dividends may not satisfy income investors seeking higher returns.

Although the Magnificent Seven stocks are known for growth, their dividend yields are relatively low compared to the S&P 500. For investors looking for significant dividend income, these stocks may not be the best choice. Consider other stocks with better dividend potential before investing in these companies.



Read more at Nasdaq: Here’s How Much Dividend Income You’d Make by Investing $70,000 in the “Magnificent Seven” Stocks