THE Best Dividend Stock to Buy for 2021
I just invested $100,000 in the best dividend stock of the year and am using my favorite cash flow strategy. I’ll show you that dividend-paying stock, how I picked it and then why every investor needs to be using this strategy!
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From this one dividend stock investment, I’ll earn nearly $6,000 just from the dividend yield and another 7% return on the price. The best part about this strategy is I still make those returns even if the shares fall 13% from the current price.
In this video, I’ll reveal my favorite dividend stock and how I picked it for this strategy. I’ll then show you the strategy and how to set it up in your own portfolio.
Chevron (CVX) is easily the best dividend stock right now with 33 consecutive years of dividend payout increases even in the face of some tough times for energy companies. This dividend paying company is one of the lowest cost producers in its industry so you know that cash flow will keep coming. The entire sector has some strong economic forces lining up behind it to help support share prices.
I’m using the covered call option strategy to produce more dividends from the stock and lower my risk. I’m not trying to get rich here, just trying to find a good place to park my cash until the stock market gets a little cheaper. That option strategy is one of my favorite for lowering risk and staying invested.
Check out my four other favorite options strategies in this video: https://youtu.be/owZNEuYL_N0
Don’t miss your chance to turn your top dividend stock into a cash flow machine with less risk than simply buying the shares. Watch the video and let me know in the comments, what’s your favorite dividend stock right now?
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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.