Want $2,000 in Annual Dividends? Invest $30,000 in These 3 Stocks

Core Viewpoint - Targeting dividend stocks can be a strategic investment move as interest rates may decrease later this year, making dividend stocks attractive again [1] Group 1: Dividend Stocks Overview - Dividend stocks mentioned include Realty Income, TC Energy, and Western Union, all yielding more than 5% [2] - An investment of $30,000 across these three stocks could generate approximately $2,000 in annual dividends [2] Group 2: Realty Income - Realty Income is a REIT that offers stability and dividends, but its stock has declined by 4% year-to-date due to a high-interest rate environment [3][4] - The company maintains a high occupancy rate of 98.6% and has increased its monthly dividend for the 124th time since 1994 [4] - Realty Income pays out $0.77 in dividends quarterly, with a funds from operations (FFO) per share of $0.94, allowing for a potential annual dividend of $560 from a $10,000 investment [5] Group 3: TC Energy - TC Energy is a Canadian pipeline company with significant revenue from its U.S. natural gas pipelines, totaling CA$2.3 billion ($1.7 billion) in segmented earnings for Q1 [6] - The company plans to spin off its smaller liquids pipelines business into South Bow Corporation, ensuring that investors will maintain their dividend status post-spin-off [7] - TC Energy offers a high dividend yield of around 7.3%, with a potential annual dividend income of $730 from a $10,000 investment [8] Group 4: Western Union - Western Union trades at a low valuation of less than eight times its trailing earnings, indicating a solid business despite rising competition in the payments industry [9] - The company reported revenue of over $1 billion for the period ending March 31, with a modest growth rate of 1%, while earnings fell by 6% to $142.7 million [10] - The stock has a dividend yield of 7.1%, allowing for an annual dividend income of about $710 from a $10,000 investment [11]