Creating a laddered yield portfolio is a smart way to generate consistent income from your investments. By investing in dividend stocks that pay out dividends at different times throughout the year, you can ensure a steady stream of cash flow. Here are five dividend stocks to consider adding to your portfolio:
1. AT&T Inc. (T): AT&T is a telecommunications giant that has a long history of paying out dividends to its shareholders. With a current dividend yield of around 7%, AT&T is a solid choice for investors looking for reliable income.
2. Procter & Gamble Co. (PG): Procter & Gamble is a consumer goods company that has a strong track record of increasing its dividend payments year after year. With a dividend yield of approximately 2.5%, Procter & Gamble is a stable and consistent dividend stock.
3. Johnson & Johnson (JNJ): Johnson & Johnson is a healthcare company that has a diverse portfolio of products and services. With a dividend yield of around 2.8%, Johnson & Johnson is a reliable choice for investors seeking income.
4. Coca-Cola Co. (KO): Coca-Cola is a beverage company that has been paying out dividends for over a century. With a dividend yield of approximately 3.5%, Coca-Cola is a dependable dividend stock that can help bolster your laddered yield portfolio.
5. Exxon Mobil Corp. (XOM): Exxon Mobil is an energy company that has a long history of paying out dividends to its shareholders. With a dividend yield of around 5%, Exxon Mobil is a solid choice for investors looking for income from the energy sector.
By adding these five dividend stocks to your portfolio, you can create a laddered yield portfolio that will provide you with a steady stream of income throughout the year. Remember to do your own research and consult with a financial advisor before making any investment decisions.