Want $5,100 in Annual Dividends? Invest $29,000 in Each of These 3 Stocks.

Group 1: Investment Opportunities - Investing in dividend-paying stocks can be attractive despite high interest rates, as they offer appealing payouts [1][2] - A combined investment of $87,000 in Verizon, Enbridge, and T. Rowe Price Group could yield approximately$5,100 in annual dividends [10] Group 2: Verizon Communications - Verizon's stock has declined over 12% in the past five years, primarily due to high debt levels and limited growth prospects [3] - The company anticipates slow but stable growth in the low single digits, making it a safer option for dividend investors [4] - With a current yield of 6.2%, a $29,000 investment could generate around$1,800 in annual dividends, and it trades at less than 11 times its trailing earnings [4][5] Group 3: Enbridge - Enbridge offers a dividend yield of 5.9%, which translates to over $1,700 in annual dividends from a$29,000 investment [6] - The company has increased its dividend for 30 consecutive years and has met its guidance for 19 straight years, demonstrating operational resilience [7] - Enbridge's stock has appreciated 25% over the past year and trades at 27 times its trailing earnings, making it a solid long-term dividend investment [8] Group 4: T. Rowe Price Group - T. Rowe Price Group provides a dividend yield of 5.5%, which is significantly higher than the S&P 500 average of 1.4% [9] - A $29,000 investment in T. Rowe would yield approximately$1,600 in annual dividends, contributing to the total dividend income from the three stocks [10] - The company reported a net income of $2.1 billion on revenue of$7.1 billion in 2024, reflecting a net margin of 30% and growth in its ETF and insurance operations [11][12]