Do you what are the 6 most dividend stocks? If that's the case, . Insider Monkey can help you know about "6 Dividend Stocks".
When you buy a dividend stock, you have two ways to earn money – from the stock’s performance and from the dividends the stock yields. There is a catch though – you have to decide how you want to receive your dividends when you purchase the stock. Keep in mind that which ever method you use is taxable. If you receive your dividends as income, you can pay the taxes on that sum from the dividends themselves, but if you reinvest your dividends, you will have to pay taxes on the dividends you receive when they are disbursed, which could be a hefty amount out of pocket.
The dividend amount will vary dramatically between companies but, in any case, if you invest enough, you could use your dividends to replace or supplement your income. Now, with this strategy comes certain risks – after all, the company could stop providing dividends at any time, or change the dividend amount. Visit Insider Monkey for more details about dividend stocks.