Magnificent 7 Move Over: “Dividend 6” Yields Up to 8.3%

Magnificent Seven? Tired. Dividend Six? Wired . Plain vanilla investors fawn over chipmakers and AI stocks. They hope they can buy them high, and sell them higher. Contrarian income investors like us? We focus on the companies that support the AI hype. The “pick and shovel” providers. A “Dividend Six” that plays on AI and pays $26,000 to $41,500 in dividends alone on a $500K stake. With that we’ll say move over, Magnificent Seven—a term coined by Bank of America’s Michael Hartnett (and inspired by the classic Sturges Western) to describe the market’s predominant tech names. Those stocks? Microsoft (MSFT) , Apple (AAPL) , Facebook parent Meta Platforms (META) , Amazon.com … Read more