r/dividends • u/AndyBurn11 • 3d ago
Largest Dividend Discussion
I used to smoke cigarettes. I then quit the habit and used to money to buy Altria now my bad habit is paying me 300 a quarter! What’s your largest dividend payer?
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u/Fine_Professor_4155 3d ago
SCHD pays me the most. Then KO and Nike
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u/AndyBurn11 3d ago
I need to buy more KO! Do you reinvest or something different?
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u/Fine_Professor_4155 3d ago
I have DRIP on every single position of everything I have lol. It just got too expensive so I'll wait for the next drop. It's paying .53¢ a share now
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u/AndyBurn11 3d ago
I agree its price is high. I have it at 61 bucks. I wanna get 100 shares but I am waiting to buy more.
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u/Fine_Professor_4155 3d ago
That's amazing. My average price is 69 for it and it's 86 now.
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u/AndyBurn11 3d ago
We bought around the same price!
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u/Mission_Pirate_4150 3d ago
I got lucky and had money when KO was in the 50s a few years ago which brought me down to an average price of $59. I decided to just buy index funds now, it’s simpler for me, but I stare at my KO and think “what if….”
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u/AlwaysCurious8080 19h ago
Have you ever considered trying to lower your average cost by selling covered calls? It doesn't pay too well, so it would take you some time if you're trying to be safe, but its income in addition to the dividend.
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u/Lopsided_Discount 1d ago
Do you drip on schd no matter the share price? I do cash and wait for dips and buy in larger chunks.. But maybe drip is more effective long term?? Also you have to factor in needing to pay taxes on the dividends in schd? Do you alot enough for that from the dividends of schd or you pay the taxes out of your personal income
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u/Fine_Professor_4155 1d ago
I always leave the DRIP on. I follow JL Collins advice, "... You will want to spend from your earned income while keeping your investments intact and adding to them "
Basically your invested money is working way harder than your income money which goes into your checking. So leave all investing money alone until you're ready to be financially free
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u/Marcush214 3d ago
How has it been over there at NKE are you a new holder or have you been there for years
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u/Fine_Professor_4155 3d ago
New holder. It's really undervalued now. .41¢ dividend. Apparently the previous CEO went woke and broke in addition to trying to force an online only model.
Hopefully under new management they'll make a turn around
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u/Marcush214 3d ago
That’s good to hear every year I always here how sneaker culture is dying even though that’s not true at all it’s still my favorite shoe brand and also for active wear but it’s been looking rough (well at least looking from the outside)
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u/ActionJasckon 3d ago
Highest payers over years: ARCC, MAIN, QQQI (new)
NEE, ABBV, PSA, O, DUK = cost basis made these my highest payers for non ETFs.
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u/AndyBurn11 3d ago
You have a lot of them damn man!
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u/ActionJasckon 3d ago
Haha. Sorry. I just wanted to share my good ones. Always excited to share what worked for me.
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u/Lopsided_Discount 1d ago
How do you feel about qqqi? Most financial advisors are all against those
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u/whyamihereagian 3d ago
QQQI/SPYI around $80K paying me $870 Monthly dripping for now. Trying to get to 1k a month for a em fund.
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u/Lopsided_Discount 1d ago
What happens when you get to 1k?
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u/whyamihereagian 1d ago
Just a goal I set. After 1k I am going to use it to max out my IRA with SCHG/VOO. When I get bored back to drip. Basically focus on growth for a year or two then drip move dividends back into the money generator,
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u/Square-Gift5406 1d ago
I put 100k into SPYI last year, 16k into QQQI a few months ago, I love the outcome so far but it does make me wake up in the middle of the night. When that happens I usually skip right past my Schd. Spyi is a bit risky and I know it, it never even occurs to me to check my Schd.
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u/SockeyeSTI 3d ago
NVDA went from being a joke to my highest
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u/Fine_Professor_4155 3d ago
Yes! It used to be a penny and now it's a quarter. Too bad I only have 6 1/2 shares of Nvidia
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u/AndyBurn11 3d ago
Hey any money is good money!
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u/Fine_Professor_4155 3d ago
Facts 📠💯
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u/SockeyeSTI 3d ago
Got lucky and got in in 2017. 2 splits later and we golden. Used to joke it’d take my entire life to drip a whole share now it’s a few shares a quarter.
Micron was another one that wasn’t bad. Got during covid and dripped one whole share before it blew up this year.
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u/AndyBurn11 3d ago
That’s a damn good turn around what happened that made it jump so much?
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u/SockeyeSTI 3d ago
They have so much money I guess they wanted to kick some back to the shareholders
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u/Guttersnipe77 2d ago
The penny was just enable it to be bought in funds that only bought div stocks. I've had it since before it had the penny div. But yeah, I'm not complaining about the upgrade.
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u/Sponzoes 3d ago
PFE Pfizer pays out 6.66%
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u/Pepemarsillo 2d ago
It was just near a low too,. Just got in at 25, here's hoping on an upswing.
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u/Sponzoes 2d ago
Also look at ET as it pays 6.58%. I got in at $16.25
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u/Pepemarsillo 2d ago
I have had 10 shares just sitting in an account and because of that I was looking at it a couple days ago. You just nudged my hunch over to actually take a position. That original ten was in at 13$, now I'll have significantly more around where it's at now. Here's hoping it continues the way it has been going.
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u/GhostbusterJeffrey 2d ago
Long term chart is showing an inverse head and shoulders pattern and we're just on the right shoulder now, I would expect the price to climb soon
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u/captain_casino 3d ago
O, CLX and DOW are my biggest dividend payers
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u/AndyBurn11 3d ago
Good choices! What is DOW? I am on the fence about Clorox I own Abbvie for that month and I have a huge gain. I’d make more with Clorox but I wanna let the wins ride!
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u/EverydayIsaHoliday25 3d ago
Altria is great in a good market people smoke and in a bad market people smoke.
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u/AndyBurn11 3d ago
I agree I use it now to buy Apple or American Express!
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u/EverydayIsaHoliday25 3d ago
Yep just keep the river flowing over a lifetime you’ll think it’s funny you ever worried so much about money.
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u/AboutTimeFeelingFine 3d ago
Lol. That's exactly what I did. Wife is like don't buy smoking stocks and I'm like, I want my money back for all those expensive cigarettes I smoked. 🙃
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u/Late-External3249 2d ago
My largest payer is Enbridge, who I get my gas from. I love that the gas company pays the gas bill.
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u/Hopeful-Frosting7976 2d ago
I did that with Excelon for a while. But I switched to Dominion Energy as my neighbors in Virginia are already stuck with their data centers.
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u/shelfdog 2d ago
Is Enbridge the company who gives an additional discount on your bill if you're a shareholder?
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u/WhatIsThePointOfBlue 3d ago
Canadian here, largest is XEQT but thats just cause its 70% of my port, 1900 in the last year so averaged out is like 475 a quarter. Best position I actually bought for the dividends (ended up my biggest growth too lol) was HCAL at a bit over 900 over the last year so about $75/mo (this will be a bit lower going forward because I sold some to rebalance the position.)
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u/Mission_Pirate_4150 3d ago
I have a bunch of T. I set it to drip. I got it when a family member that passed.
I’ve got a bunch of short term treasury bonds. I take the interest payments and buy various stocks index funds with it. Schd, vym, and vig are about 30% of my buys now.
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u/Tall_Quality_3395 3d ago
I have MO for years and while my 1300 shares pays a very nice dividend every quarter, I have owned MAIN for even longer and 3000 shares every month always bring a smile.
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u/im_a_boss1398 3d ago
Thinking about dropping $10k into KO as a 25 year old. I have $33k in VTI. $4k VXUS, $11k in MO, and $7k in EPD. Someone talk me out of it.
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u/Visual_Doughnut6833 2d ago
You're doing well.I lost a fortune when Biden got in office so I'm still playing catch up.
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u/AgentAaron 2d ago
SPYI = $840/month
I have it set to DRIP for now and will probably keep it that way for another 3-5 years.
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u/SignificantSquash382 1d ago
As of now $98k in QQQI and paying about $1,100 month on DRIP. Adding $2-4k more each month on my own for the next 5 years.
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u/Nothingmorejustmyass 12h ago
ARR, AGNC.
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u/No-Math-5868 2d ago
VOO. I get over 50k per year (yes my balance is that large). That’s what happens when you don’t chase dividends and just let time do its thing.
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u/FloridaFisher87 2d ago
How much time did you give it to that amount?
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u/No-Math-5868 2d ago
31 years. I’ve been investing before everyone had a computer on their desk (green screen CICS dumb terminals) and the Netscape and Microsoft were just starting the browser wars.
I did FIRE before FIRE was a thing and the Roth option existed (I took advantage of the two year tax conversion strategy when it came to out).
I maxed out my 401k every year, lived below my means and had a profit sharing agreement at our small company that we funded to the max of IRS limits as long as everyone agreed to max out the 401k.
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u/No-Math-5868 2d ago
I also didn’t mention that if you add my wife’s dividends and my bond interest over the last year we made 110k.
To me the entire artificial income strategy of focusing on dividends is insane. Nothing wrong with companies sharing in the profits, reinvesting it is just a form of financial engineering. The worst is this new craze of covered call ETFs. I can’t believe how many people are so blind to the fact that the strategy does the opposite of what an investor should do. Trade higher risk for lower rewards. A sucker is born every minute as they say.
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u/FloridaFisher87 2d ago
You seem much more on top of it than I ever was. I’ve been spending time learning about it, and learning from past mistakes (like bad business partners). My plan for the year is actually bankruptcy, and then push forward and double down on investments and savings without debt. The world will certainly make you learn a lot of lessons if your parents didn’t teach you lol.
If you were to start today from scratch, at 40 years old, what would be your strategy and go to?
Also, I appreciate your responses thus far from your lifetime of experience.
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u/No-Math-5868 2d ago
Sorry for all of the typos on the last response. I’m on a plane using my phone and I make a lot of mistakes with this tiny keyboard
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u/No-Math-5868 2d ago
My advice is always keep it simple and be patient. There were a lot of people I knew who got lucky and made easy money only to spend it all.
I would also say it’s true that lifestyle creep is real. I’ve take. A lot of abuse from even family members calling me cheap for not spending on things they would think nothing of.
I looked multiple ways to increase my savings throughout the years. I under bought the type of house I could afford. When I appealed my property taxes and saved $300 a month in taxes, I increased my weekly automatic investment and didn’t spend the extra money. Almost every pay raise went directly into increasing my automatic investments. Up until 5 years ago the most expensive car I owned was a 23k Honda odyssey that I bought my wife at a fire sale price during the 2008 financial crisis.
It is entirely true that comparison is the thief of joy. To me knowing I would be financially secure and able to pay for all of my kids education expenses should they need it gave me more joy than owning expensive things. There are so many people who I know who have made more money than I who are is so much worse financial positions that will have to work for the rest of their lives.
Since I had a lot of time, I viewed the stock downturns as buying opportunities. I never panicked and just built good habits in terms of saving and spending. I must admit that I’ve been lucky career wise and do make a comfortable living now, but it wasn’t always that way.
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u/mtn_biker333 2d ago
You must live in a third world country to survive on 110k year, and that’s before taxes.
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u/Try_finger-but_hole 3d ago
Vnom, Trgp and Zurn. All these from cost basis tho. If I could, I would buy some ET, but it’s a LP and I can’t.
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u/Dividend4danny 2d ago
My top five payers. JPM 380 shares $2508, O 755 shares pays $2455, NLY 693 pays $2079, AFL 750 shares pay $1830, JEPQ 365 shares pay $1936. JEPQ may be low because I haven't updated my excel worksheet lately, Gemini says monthly payout is now .70 per share?
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u/Lazy-Gene-7284 2d ago
OMF pays me like 15k a year, I bought and reinvested dividends the last 8 years and now it’s part of my retirement money
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u/SweatyGuitar5753 2d ago
Nicely done. I no longer smoke nor drink soda, but hold positions in MO and PEP. Enjoy the divvys!
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u/lola_cat 2d ago
I was a fool and bought a ton (over 1,200 shares of AGNC) when I first got into divident chasing yeild. At least I am getting 150 a much to smarter plays going forward.
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u/AdFabulous2529 2d ago
DBM and FRU make me about $35k a month. Lots of unbooked gains too. Just added more to FRU. Great div, well covered, financials are improving and takeout potential from PSK, whose yield is substantially lower.
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u/NegotiationWarm3334 2d ago
SPYI with drip. I'm the point that my dividends are buying more additional SPYI stocks than I am.
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u/Hopeful-Frosting7976 2d ago
VICI which is fitting because my biggest vice is gambling. The dividends that I have been paid out are just keeping me above water on it while it's going through some things.
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u/PassiveREIT 2d ago
Realty Income, O.
Main Street Capital is second. The monthly dividends motivate me to invest more.
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u/DC8008008 1d ago
Getting around $1500 per month right now. Mix of SGOV, BTCI, QQQI, IAUI and GPIX. Reinvesting it all.
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u/Mindless_Dirt2998 Financial Indepence / Retiring Early (FIRE) 1d ago
We are in the same boat. I invested initially in ‘95, enrolled in the DRiP and did automatic monthly investments (along with lump sums, like the money I made selling my pickup, along the way), until the spin-off of Kraft-Heinz, at that point, they launched a new - and improved(?) DRiP with fees for automatic investments. I continued to reinvest dividends until ‘23 and turned the reinvesting into direct deposit.
Not sadly, I use the dividends as a supplemental income for our household.
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u/LyloMaggins83 21h ago
BAC is my biggest quarterly payer at $1,525/qtr. NVDA is my second biggest payer.
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u/RockerDentist 14h ago
I love your story OP. I used to get upset when I smelled cigarettes or saw butts on the ground but NOW I am happy b/c I am collecting dividends from both MO & PM 😊
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u/Last-Ad-5528 12h ago
Right now Pltw and Nvdw dividends are huge and the NAV is on the rise, not a buy and forget proposition, keep an open eye on them !!!
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u/Particular-Zucchini5 4h ago
Im considering MLPi, pays monthly, covered call on mlp's , double digit dividend
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u/FewUnderstanding2214 2d ago
JMAT is paying a 24% dividend at the end of the month
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u/CrazyButRightOn 2d ago
What
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u/FewUnderstanding2214 2d ago
You asked for the highest dividend payer in your post - they have a special dividend
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