Investing is very important, and is the key to building a better financial future, no matter what your financial goal is. One of the easiest passive income opportunities can be found in dividend investing.
After you purchase dividend-paying stocks, the company that holds the stock shares gives you a steady stream of cash as the company grows. Stock dividends are typically paid out monthly or quarterly meaning that if you invest in a safe, reliable company you can sit back and enjoy the proceeds for years to come.
The amount you will get paid by these companies is usually based on a percentage of the previous month or quarter’s profits. The more money you have investing in dividend-paying stocks, the higher your dividend income will be, this however is dependent on the stock market’s performance.
There are several great, safe companies that can give you an additional percentage of your earnings.
For instance, some of the top dividend-paying stock companies include:
- Best Buy
- Home Depot
- Morgan Stanley
- Proctor & Gamble
This list is ongoing and includes some companies you probably haven’t even heard of, a simple Google search may provide a full list of these companies. We all invest differently, some of us like to take more risks than others due to the potential rewards at the end of it. I however prefer to play things safe, investing in dividend-paying stocks from reputable companies, that have a history of performing well, one example of such is Coca-Cola.