JPMorgan Chase (JPM)
Let’s start with a bank stock.
With inflation running hot, people are concerned about interest rate hikes from the Fed. But as it turns out, banks typically do well in a rising interest rate environment.
JPMorgan Chase is the largest U.S. bank, with a whopping $3.8 trillion in assets. The stock won a lot of investor attention, gaining 70% over the past year.
Business has improved a lot since the pandemic’s early days in 2020. In Q3 of 2021, JPMorgan produced $3.74 per share in earnings, marking a 28% increase from the $2.92 per share earned in the year-ago period.
In June, the bank announced an 11% increase to its quarterly dividend rate to $1 per share.
It currently yields 2.3%, which is Pandemic stimulus checks helped millions of Americans through tough times. But if you’re hoping for a fourth one, you’ll be disappointed. Uncle Sam doesn’t seem in a rush to provide more broad stimulus payments.
Dividend checks, on the other hand, remain plentiful. Sure, the stock market’s rally over the past several years means most companies aren’t yielding as high as before.
higher than what’s offered at Goldman Sachs (1.9%), Bank of America (1.7%) and Wells Fargo (1.6%), but below Morgan Stanley (2.7%).
While JPMorgan shares trade at over $170 apiece, you can get a slice of the bank using a popular stock trading app that allows you to buy fractions of shares with as much money as you’re willing to spend.
Invest in real estate without the headache of being a landlord
Imagine owning a portfolio of thousands of well-managed single family rentals or a collection of cutting-edge industrial warehouses. You can now gain access to a $1B portfolio of income-producing real estate assets designed to deliver long-term growth from the comforts of your couch.
The best part? You don’t have to be a millionaire and can start investing in minutes.
Learn MoreWalgreens Boots Alliance (WBA)
Despite the market frenzy, not every stock was going up. Walgreens, for instance, has tumbled more than 40% in the last five years.
Dividends, on the other hand, have only increased. In July, Walgreens boosted its quarterly payout by 2.1% to about 48 cents per share, marking its 48th consecutive annual dividend increase.
Looking further back, you’ll see that the retail pharmacy giant has paid uninterrupted dividends for more than 88 years.
The company has a growing business to back its rising dividends. In the three months ended Aug. 31, sales from continuing operations rose 12.8% year over year to $34.3 billion. Meanwhile, adjusted earnings per share grew 29.5% to $1.17.
Today, Walgreens yields 4.1%, a generous amount compared to competitors like CVS Health (2.2%) and Walmart (1.5%).
Annaly Capital Management (NLY)
For the real yield hunters, Annaly Capital Management deserves a look.
The company is not nearly as well known as the stocks mentioned above, but it offers a staggering annual yield of 10.4%.
Structured as a real estate investment trust, Annaly is a diversified capital manager. The REIT invests in agency mortgage-backed securities, residential real estate, and middle-market lending.
Shares tumbled more than 50% during the pandemic-induced market crash early last year. Since then, Annaly has made a strong recovery, and the stock is almost back to where it was before COVID.
The REIT reported earnings last week. For Q3, earnings available for distribution came in at 28 cents per share, which covered its dividend 1.3 times.
In the earnings conference call, Chief Investment Officer and CEO David Finkelstein said, “We feel good about where earnings are this quarter, and we feel good about covering the dividend into 2022, certainly.”
This 2 minute move could knock $500/year off your car insurance in 2024
Saving money on car insurance with BestMoney is a simple way to reduce your expenses. You’ll often get the same, or even better, insurance for less than what you’re paying right now.
There’s no reason not to at least try this free service. Check out BestMoney today, and take a turn in the right direction.
Get StartedCollect rent checks without being a landlord
Owning real estate is one of the oldest ways to earn a passive income.
But you don’t need to be a landlord to collect rent checks. And you don’t have to limit yourself to the stock market.
For instance, some popular investing services let you lock in a steady rental income stream by investing in premium real estate — from commercial developments in L.A. to residential buildings in NYC.
You’ll gain exposure to high-end properties accessible to big-time real estate moguls.
And the best part? You'll receive regular payouts in the form of quarterly dividend distributions without any headaches or hassles.
Follow these steps if you want to retire early
Secure your financial future with a tailored plan to maximize investments, navigate taxes, and retire comfortably.
Advisor is an online platform that can match you with a network of vetted fiduciary advisors who are evaluated based on their credentials, education, experience, and pricing. The best part? - there is no fee to find an advisor.