40-Year-Old Dividend Investor Earning $4,400 Per Month Shares His Portfolio Of Stocks and ETFs: Their Top 10 Picks
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About five months ago, a Redditor on r/Dividends shared his detailed income report and portfolio, saying he earns about $53,500 in annual dividend income and roughly $4,400 per month. The investor, who is 40 years old, has a goal of reaching $100,000 in annual dividend income.
The Redditor shared all his portfolio positions with details about the total number of shares and amount invested in each stock/ETF. Let's look at some of the biggest positions in this high-dividend portfolio.
ConocoPhillips
ConocoPhillips (NYSE:COP) was the biggest position in the Redditor’s portfolio, earning $4,400 per month. The energy company has a dividend yield of about 3%. Earlier this year, ConocoPhillips said it would buy Marathon Oil for $22.5 billion.
Phillips 66
With 1450 shares, Phillips 66 (NYSE:PSX) was the second-biggest holding of the Redditor, who earned $4,400 per month in dividends. The energy manufacturing and logistics company has a dividend yield of 3.5% and has raised its dividends for more than 10 consecutive years.
NEOS Nasdaq-100 High Income ETF
NEOS Nasdaq-100 High Income ETF (NASDAQ:QQQI) exposes investors to Nasdaq 100 companies and generates income by selling covered call options on the index. It pays a monthly income and has a yield of about 15%. Over the past year, QQQI has been up 1.5%.
JPMorgan Nasdaq Equity Premium Income ETF
The Redditor, earning about $4,400 per month in dividends, said he had 1150 JEPQ shares in his portfolio. JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is a high-yield covered call ETF that distributes monthly dividend income. The ETF invests in Nasdaq companies and generates extra income by selling call options.