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Will These Dividend Stocks Pay The Rent?
There are many major cities around the world where you can rent a nice apartment for less than $500 per month. And there are many smaller cities (population under 3 million) where you can rent an entire house for less than $500 per month.
With that in mind, I wanted to run a simple experiment…
Could ~$50,000 of dividend stocks cover at least 25% of your annual rent in one of these cities?
I also wanted to avoid questionable, high-yield plays — like oil tanker stocks yielding 15% — or Hail Mary put options involving speculative companies. Instead, we’re looking at four, established businesses with strong fundamentals.
Lastly, this experiment assumes you can deploy your money over time. So, I’m adding realistic price targets to each pick in order to maximize value.
CME Group Inc. ($CME) 100 Shares At $200 Each
There are very few wide-moat, market-beating stocks that also pay a high starting dividend.
CME Group is one of them.
CME Group is the world’s largest operator of financial derivatives exchanges. And anyone who trades options or commodities has probably done so through one of CME Group’s platforms.