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How to Invest in Dividend Paying Stocks Step by Step
Dividend stocks can be a great alternative for investors to grow their income and build wealth.
Dividends usually appeal to investors as they are the least volatile and have low risk, but if you don’t know what to look out for it can still be a risky investment.
When a company makes money, you can benefit by paying a dividend so that you owe stock in a company.
It’s almost like receiving an earning for being a partial owner in the company.
If you’re new to dividend investing, I’ll be going step by step on how to get started.
- You’ll need to open and fund a brokerage account.
Back in the day, you needed to hire a broker to manage your investments, you can open a brokerage account online for free.
There are plenty of online brokerages that offer zero commissions on trades with no account minimums.
This now makes it possible for many people to invest in their favorite companies.
2. Research Quality Stocks
While most household companies pay stable dividends, it still pays to do your research and not all companies pay dividends.
You probably have a few ideas on the types of companies that you would like to…