With dividend earnings expected to average $1,000 in 2017, there’s no need to be greedy when it comes to your money.
But you can still make a quick buck on stocks if you want.
Here’s what you need to know to maximize your dividend income.
Investing in dividend stocks is not a one-time deal You may be able to make money on your dividend investment even after the dividend has been paid out.
Here are some tips to help you get started: Invest in dividend-paying stocks that have strong dividend growth, such as Amazon.com (AMZN), BlackRock (BLK), Google (GOOGL), Intel (INTC), Walmart (WMT) and Wells Fargo (WFC).
You’ll likely get better returns with higher dividend yields, which will lower your taxes.
If you’re in a tax-advantaged retirement account, invest in dividends that pay out more in a given year, such a Vanguard index fund, the S&P 500 index fund or the Fidelity ETF.