3 High-Yield Nasdaq Stocks You Can Buy: Looking to turn a modest investment into a steady stream of income? High-yield Nasdaq stocks can be a smart move. With just $1,500, you can tap into companies that not only offer attractive dividend yields but also have solid growth prospects. Let’s dive into three such stocks that can help you build a robust passive income portfolio.
3 High-Yield Nasdaq Stocks You Can Buy
Investing $1,500 in high-yield Nasdaq stocks like Amgen, Sirius XM, and Realty Income can be a strategic move toward building passive income. These companies offer a blend of reliable dividends and growth potential, making them suitable for both novice and seasoned investors.
| Stock | Ticker | Dividend Yield | Dividend Frequency | Annual Dividend per Share | Sector |
|---|---|---|---|---|---|
| Amgen Inc. | AMGN | 3.5% | Quarterly | $9.52 | Healthcare |
| Sirius XM Holdings Inc. | SIRI | 4.95% | Quarterly | $1.08 | Media |
| Realty Income Corporation | O | 5.8% | Monthly | $3.22 | Real Estate |
Amgen Inc. (NASDAQ: AMGN)
Overview
Amgen is a leading biotechnology company known for its innovative therapies. With a strong pipeline and consistent earnings, it’s a reliable choice for dividend investors.
Dividend Details
- Yield: 3.5%
- Annual Dividend: $9.52 per share
- Payout Frequency: Quarterly
- Dividend Growth: Consistent increases over the past 14 years
Why Invest?
Amgen’s robust financials and commitment to returning value to shareholders make it a solid pick. Its focus on high-demand therapeutic areas ensures continued growth.
Sirius XM Holdings Inc. (NASDAQ: SIRI)
Overview
Sirius XM is a major player in satellite radio and digital audio entertainment, boasting over 160 million monthly listeners.
Dividend Details
- Yield: 4.95%
- Annual Dividend: $1.08 per share
- Payout Frequency: Quarterly
- Dividend Growth: Increased dividends for 7 consecutive years
Why Invest?
Despite recent challenges, Sirius XM’s strong brand and subscriber base provide a stable revenue stream. Its efforts to streamline operations and invest in technology position it for future growth.
Realty Income Corporation (NYSE: O)
Overview
Known as “The Monthly Dividend Company,” Realty Income is a REIT specializing in commercial properties. With a diversified portfolio, it offers investors consistent monthly income.
Dividend Details
- Yield: 5.8%
- Annual Dividend: $3.22 per share
- Payout Frequency: Monthly
- Dividend History: 659 consecutive monthly dividends
Why Invest?
Realty Income’s commitment to monthly payouts and its diversified tenant base make it a favorite among income-focused investors. Its track record of dividend reliability is impressive.
3 High-Yield Nasdaq Stocks You Can Buy: Investment Strategy
With $1,500, consider allocating your investment equally among these three stocks:
- Amgen Inc.: $500
- Sirius XM Holdings Inc.: $500
- Realty Income Corporation: $500
This diversified approach balances growth potential with income stability across healthcare, media, and real estate sectors.
Frequently Asked Questions (FAQs)
Q1: Are these dividends guaranteed?
No dividend is ever guaranteed. However, companies like Amgen and Realty Income have strong histories of consistent payouts.
Q2: How are dividends taxed?
In the U.S., qualified dividends are taxed at capital gains rates, while ordinary dividends are taxed at regular income tax rates. Consult a tax advisor for specifics.
Q3: Can I reinvest dividends?
Yes, many brokerage accounts offer Dividend Reinvestment Plans (DRIPs) that automatically reinvest dividends into additional shares.
