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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: sm1th who wrote (32890)	7/8/2020 3:16:25 PM
From: Fly High Investor	Respond to of 34328

Like you, I am on social security and two dividend income streams. One is from a rollover IRA and the other is from an after-tax brokerage account. Prior to Covid-19 my combined dividend income from the two accounts was over $14,000/month average, but it's down to a little over $11,000/month today. However, I'm building the income back up fast because my portfolio of 50 stocks is averaging about 13.5% yield and a 102% dividend coverage ratio. Most of the stocks in the portfolio are Regulated Investment Companies (RICs). RICs must distribute at least 90% of their earnings to shareholders in the form of dividends. In doing so they are exempt from paying corporate income taxes, avoiding double-taxation. That's why my portfolio's dividend yield is so high.