Invest in dividend-paying stocks like Apple and Nvidia for wealth-building strategy

From Nasdaq, Inc.: 2024-12-25 10:15:00

Summary:
Investing in dividend-paying stocks can be a strong wealth-building strategy, with companies like Apple and Nvidia offering growth potential alongside dividends. Dividend growers and initiators have averaged a 10.19% annual total return from 1973-2023, outperforming non-payers and shrinkers. Consider including dividend payers like Pfizer, with a 6.6% yield and attractive valuation. Medtronic, a medical devices giant, offers a 3.2% yield and growth potential. Realty Income, a REIT, pays monthly dividends and is growing steadily. For a diversified approach, Schwab U.S. Dividend Equity ETF offers solid performance and a 3.5% yield.

Sources:
– https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/how-to-invest-in-dividend-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=568c2a4d-eb87-4e7e-80f2-969429e28a06
– Data source: Ned Davis Research and Hartford Funds

Disclaimer: Author has positions in mentioned companies. The Motley Fool has positions in and recommends Apple, Nvidia, Pfizer, and Realty Income. It also recommends Medtronic.



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