Investor Earning $24,000 a Month in Dividends Shares Top 9 Stocks in Portfolio – 'Goal Is To Retire By 2027'

Many Americans are turning to quality dividend stocks to offset volatility and compound their wealth over the long term. Data shows that the total return for the Dividend Aristocrats Index (companies that have increased dividends for 25 consecutive years) came in at about 12.08% from 1990 through 2019, compared to 9.95% for the S&P 500 index.

Last year, someone asked dividend investors on Reddit to share their monthly dividend income goals. The question received about 100 comments, with many interesting income reports.

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An investor said he collected about $24,000 in dividends a month and his goal was to earn $50,000 a month by 2026. He said his job paid "really well," which allowed him to make regular investments in dividend stocks.

"Goal is to get to $50K/month in Div's by 2026 and retire by 2027."

When asked why he didn't retire immediately, given the high dividend income he was already earning, the investor said his house had yet to be paid off and he had a kid in college. 

"I also think returns have been too good to last, so I want to milk this for as long as I can while slowly shifting to a lower-risk div portfolio. Besides, I would like to maintain my current lifestyle when I retire and that needs more than $15K/month after tax. Huge believer in enjoying the journey and not worried about working hard in a job that gets me to the desired goal."

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Let's take a look at the key dividend stocks in his portfolio.

Blackstone Secured Lending

Blackstone Secured Lending BXSL is a business development company mainly investing in private U.S. companies’ first-lien senior secured debt. The company has a dividend yield of about 9.9%.

Oxford Lane Capital 

Oxford Lane Capital OXLC is a closed-end fund focusing on fixed-income securities. The fund pays a monthly dividend of about 20%.

Eagle Point Credit Company Inc. Closed-End Fund 

With a dividend yield of over 18%, Eagle Point Credit Company ECC is a closed-end fund that invests in collateralized loan obligations (CLOs) and other credit-focused assets. 

KraneShares KWEB Covered Call Strategy ETF

The KraneShares KWEB Covered Call Strategy ETF KLIP invests in the KraneShares CSI China Internet ETF and generates income by selling call options on the underlying securities. It has a 26% distribution rate and pays monthly. 

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Roundhill Bitcoin Covered Call Strategy ETF 

The Roundhill Bitcoin Covered Call Strategy ETF YBTC generates income by selling call options on Bitcoin-related assets. Its distribution rate is 91%. 

Granite Ridge Resources

Granite Ridge Resources GRNT owns energy assets in the Permian and other basins in the United States. Its dividend yield is over 7%. 

Energy Transfer LP 

Energy Transfer LP Unit ET is an energy dividend stock with an almost 6.5% yield. The company is less exposed to volatile commodity prices than its rivals since most of its revenue comes from fee-based contracts.

 JPMorgan Chase & Co.

JPMorgan Chase & Co. JPM was also in the investor’s portfolio. The bank earns $24,000 a month in dividends and has a dividend yield of 2.2%. 

KeyCorp

Ohio-based banking company KeyCorp KEY has a dividend yield of 4.4% and has been up 26% over the past year. 

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