Want $2,000 in Passive Income? Invest $15,000 in These 5 Dividend Stocks and Wait 4 Years
What is the current yield of UPS's dividend?
The current yield of UPS's dividend is 4.86%.
What are Chevron and ExxonMobil's strategies for maintaining dividends if oil prices drop?
Chevron and ExxonMobil have strategies in place to maintain dividends even if oil prices fall. They plan to generate high free cash flow and cover the dividend with strong balance sheets and low leverage. Both companies have also announced mergers and acquisitions to boost cash flow and accelerate growth, ensuring they can continue paying dividends in a lower oil price environment.
How much cumulative dividend income can $15,000 invested equally in five stocks generate in four years?
By investing $3,000 into each of the five stocks mentioned - United Parcel Service (UPS), Chevron (CVX), ExxonMobil (XOM), Target (TGT), and McDonald's (MCD) - you can expect to earn over $2,000 in cumulative dividend income over the next four years1. These beaten-down dividend stocks are worth buying now for their reliable dividends and strong yields, making them ideal choices for investors seeking passive income.