I Pay my Phone Bill with THIS Monthly Dividend Stock

THIS dividend stock pays my phone bill! Can you guess which it is and how I live off dividends? Want dividends to pay for your car? Check out these seven dividend stocks! https://youtu.be/xrO8LMdRRFo All you out there in the Bow Tie Nation know, I don’t buy anything without a dividend stock to cover it! So today, I’m trying to find a monthly dividend stock to put enough cash in my pocket and pay this every single month! Want MORE Dividends? Don’t miss these other dividend videos! ✅7 Highest Paying Monthly Dividend Stocks https://youtu.be/w40-W4Tk568 ✅5 Dividend Stocks Better than the QYLD https://youtu.be/f2BZ0fiQIeM ✅11 Highest Paying Dividend Stocks https://youtu.be/RLFMMuvS7uI First up, we’re looking for dividend stocks with high yields . The average yield on dividend stocks in the S&P 500 is just 2.7%. Now that’s higher than the 1.5% yield you get across the whole stock market but not nearly enough to pay your bills. The problem with paying your bills with dividends is you’ll need to invest hundreds of thousands of dollars in most dividend stocks even for a smaller bill. At a 0.63% yield, you’d need to invest $457,000 in shares of Apple to make a $240 monthly phone bill! So I’ll be looking for stocks that pay at least a 5% dividend yield. It still means you’ll need to save up to invest but you’ll be paying your bills with dividends a lot faster than with other stocks. 🤑 Get The Weekly Bow-Tie - my FREE weekly email newsletter sharing market updates, trends and the most important news! Market Updates for the Smart Investor! https://mystockmarketbasics.com/dailybowtie My Investing Recommendations 📈 Check out the stock simulator and Get six FREE shares of stock worth up to $10,000 when you open a Webull investing account with any deposit! 🤑 https://mystockmarketbasics.com/webull 📊 Download this Portfolio Tracker and Investing Spreadsheet! [Community Discount Code] https://mystockmarketbasics.com/spreadsheetdiscount ✅ FREE Report! See the top five stocks in my portfolio, the five stocks I'm buying for the next 30 years! https://mystockmarketbasics.com/motleyfool ✅ Save $140 and get 60% off Premium Access to the largest investment analysis community in the world! Lowest price online for Seeking Alpha premium access! https://mystockmarketbasics.com/SeekingAlphaDiscount I’m also looking for a consistent history of dividend payments in stocks for our list. Your bills are consistent each and every month so you need your dividend stocks to be just as consistent. Unfortunately, you can’t say that for all dividend stocks or even all monthly dividend payers. A 21% dividend yield on shares of MFA Financial seem like it would be the perfect stock to pay your bills. It’s not a monthly payer but at that yield, you only need to invest about $14,000 to pay your monthly cell bill forever. The problem is, the stock has been tragically inconsistent with its dividend payments, increasing in some years while cutting I others. It’s not to say that MFA cannot be a good dividend stock. Even when it cuts the payout, the yield is a solid one but if you’re trying to match your bills with your dividend stocks, you need the consistency to know that the money will be there when you need it. Finally you can’t just rely on a history of dividend payments. Finding these stocks, you need to look at the company and how it’s going to pay those dividends in the future. This includes things like the payout ratio, growth in profits and debt. #dividends #dividendstocks #dividendinvesting SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. https://mystockmarketbasics.com/LetsTalkMoney Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.