Its been hard to reach that point without getting tramp in stock that pay
a too high dividend income for my taste of the moment.
Not exact matches
If you have already retired, it is not
too late to benefit from investing for
dividends: decide whether you want to address your costs now by investing in
high income stocks, or to create a rising level of
dividends by investing in stocks that have a
high dividend growth rate.
I
too hit an all time
high for
dividends, and while my P2P Lending returns dipped slightly, I still was over the $ 300 mark of passive
income.
(Canadian
dividends enjoy favourable tax treatment
too, but for
high -
income earners, capital gains are still taxed at a lower rate.)
Unfortunately, the remaining stocks on this
high dividend yield list are arguably
too risky for most
income investors.
Lowell Miller recommends starting with a reasonably
high dividend yield because (projected)
high dividend growth rates can disappear and because it can take a long time for
dividends to grow into a substantial
income stream if the initial yield is
too low.