The Most Budget-Friendly Dividend Stocks for Generating Passive Income

by | May 6, 2024 | Fidelity IRA | 14 comments

The Most Budget-Friendly Dividend Stocks for Generating Passive Income




The cheapest dividend stocks to make passive income:
► How I went from Zero To A Million:
► My Stock Portfolio + Stock Tracker:
► Get 2 FREE stocks valued up to $1850 (when you deposit $100):
► ROBINHOOD (Get 1 Stock When You Sign Up):
► Open A Roth IRA:
► Follow Me On Instagram:
► How I Protect My Bitcoin:

My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103

SOURCES:

*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future….(read more)


LEARN MORE ABOUT: IRA Accounts

CONVERT IRA TO GOLD: Gold IRA Account

CONVERT IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA


When it comes to investing in dividend stocks, finding high-quality companies with strong track records of consistent payouts is key. However, for those looking to generate passive income on a limited budget, the cost of individual stocks can be a limiting factor. That’s where finding the cheapest dividend stocks can be a smart strategy to start building a portfolio that generates income over time.

One of the cheapest dividend stocks to consider is Ford Motor Company (F). While the auto industry has faced challenges in recent years, Ford has a long history of paying dividends and has shown resilience in navigating the changing market landscape. With a current dividend yield of around 6%, Ford’s stock offers a solid return for income-minded investors.

See also  "Early Retirement Strategies: Investing in Dividend Stocks and Passive Income with SBUX, WEN, and MO"

Another affordable dividend stock to consider is AT&T Inc. (T). As a telecommunications and media giant, AT&T has a track record of paying dividends and currently boasts a dividend yield of around 7%. The company’s diversified business model and strong cash flow make it a reliable choice for those looking to generate passive income.

For those interested in the energy sector, Exxon Mobil Corporation (XOM) is another cheap dividend stock worth considering. With a dividend yield of approximately 6% and a long history of paying dividends, Exxon Mobil offers investors a stable income stream while also benefiting from the recovering energy market.

In the retail sector, Target Corporation (TGT) is a low-cost dividend stock that has consistently paid dividends over the years. With a dividend yield of around 2%, Target offers investors a reliable income stream while also benefitting from the company’s strong performance in the retail market.

Investors interested in the real estate sector may also consider Realty Income Corporation (O), a real estate investment trust (REIT) that specializes in retail and commercial properties. With a dividend yield of around 4%, Realty Income offers investors a steady income stream from rental payments while also benefitting from the stability of the real estate market.

Overall, finding cheap dividend stocks can be a smart way to start building a passive income stream without breaking the bank. By focusing on companies with strong track records of consistent payouts and stable performance, investors can generate income over time while also benefiting from potential growth in their portfolio. With the right research and a long-term approach, investing in cheap dividend stocks can be a great way to build wealth and financial security for the future.

See also  Thank you from BGCNRI to Fidelity Investments
Truth about Gold
You May Also Like

14 Comments

  1. @user-vt1tk3wd1b

    I am unaware of many people investing 350k per yearin the stock market. lol

  2. @krimstix

    I thought VTI does not give dividends anymore

  3. @jonboyfutch8081

    The answer is reit provides the best yield on cost

  4. @comptroller39

    How do you pay taxes on your dividends without selling your stocks?

  5. @CommonSwense

    Good to see you going back to your dividend roots.

  6. @belenciucsorin9293

    What apps/broker do you use to buy stocks and manage them ?

  7. @latrixmannix864

    You are my favorite financial advisor Andrei!!

  8. @mamafane4584

    Usually during this time of the year, we get to see certain stocks go up in the market, but that’s very unlikely this season cos of the recession and overall economic crisis, issue is I've been holding a lot of stocks hoping to sell for profit this month but I'm not sure if to keep holding or sell, I’ve been running at a loss since Q2 and 2023 is really not looking favorable for investors. The market hasn’t been looking good since COVID, and it will get worse 2023, you should sell.

  9. @iiAyJayo

    Fewer heart attacks*

  10. @qtcollect4608

    "I did not say that"
    – Albert Einstein

  11. @CRBarchager

    0:30 It is so annoying and sad that every YouTuber have to do some sort of disclaimer like this. It should be common knowledge but the stupidity of some people you have to do this. Like the guy that turn autopilot on is autocamper and went for a sleep and crashed or the catlady that wanted to dry her cat in the microwave. – With that sad. Yet another fun and great video from you Andrei.

  12. @NoWorriesTJ

    Technically theres a fourth way to generate money through dividends, with covered calls as well

U.S. National Debt

The current U.S. national debt:
$35,866,603,223,541

Source

ben stein recessions & depressions

Retirement Age Calculator

  Original Size