13 Best Books on Dividend Investing (Invest Your Money Wisely) (2024)

Dividend Growth Investing - Janice Friedman - January 17, 2019

13 Best Books on Dividend Investing (Invest Your Money Wisely) (1) These are considered some of the best books on dividend investing.

Reading is crucial for investing success. These are the best books on dividend investing to help you invest your money wisely… And successfully.

One way to achieve financial freedom is to invest in dividends. Dividend investing can help you kill two birds with one stone because it not only lets you earn income but also achieve your retirement goals.

I clearly am a huge fan of dividend growth investing after creating a number of different guides.

Some of my personal favorites for investing in dividend stocks for passive income include:

  • How to live off dividends forever (including two case studies)
  • The definitive guide to building a dividend portfolio
  • How a dividend calculator works… Create your own plan to retire off dividends

Several people have created a comprehensive guide to help you in dividend investing. In this article, we have compiled a list of some of the 13 best books on dividend investing.

Dividend investing involves two crucial aspects. First, you must know how to identify stock picks with value. Secondly, you must learn how best to manage the dividend stocks in your portfolio. There is no excuse to not start investing. These apps will give you free stock just for signing up.

Top Books on Dividend Investing: Start Investing Wisely

Some great writers have explored how best to meet those two fundamental objectives. Learning is paramount with investing. You can improve your portfolio returns by focusing on a core strategy of dividend investing for both income and wealth appreciation.

Here we will explore dividend investing books and 13 of the best books on dividend investing all of which you are available on Amazon at affordable prices:

  1. The Strategic Dividend Investor by Daniel Peris

Daniel Peris in his book “The Strategic Dividend Investor”, advises the investors to consider stocks that have high and rising dividend distributions and invest in them for a long-term. He explains that most stock market returns are those that are reaped in the form of dividends and not the capital gains received if you buy a stock with the aim of selling it after a few weeks or months.

One of the finest ways to create wealth is to use the stock market as a means of receiving a share of the excess profits which are usually offered in the form of dividends.
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  1. Get Rich with Dividends: A Proven System for Earning Double-Digit Returns by Marc Lichtenfeld

If you want to gain double-digit returns with ease, then you should consider reading “Get Rich with Dividends: A Proven System for Earning Double-Digit Returns” by Marc Lichtenfeld.

Marc in this in-depth dividend investing guide reveals how dividends are accountable for the 44% of the S&P 500′s returns for a decade. He shows how with dividends, an investor can achieve a double-digit average annualized returns over the long-term.
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  1. The Ultimate Dividend Playbook: Income, Insight and Independence for Today’s Investor written by Josh Peters

Josh Peters in his book “The Ultimate Dividend Playbook: Insight and Independence for Today’s Investor” reveals some of the best tricks to help you beat the market and how to use the dividends to build growth and earn income.

Given that not many people are lucky enough to make consistent returns in the cyclical stock market, this book that offers some valuable insights to ensure success on dividend investing.
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  1. Dividend Stocks for Dummies by Lawrence Carrel

Another great read and one of the better books on dividend investing is, “Dividend Stocks for Dummies” which is by a person called Lawrence Carrel. Dividend Stocks for Dummies is a book that offers some valuable professional insights and shows the investor the reason why they need to include dividends in their investment portfolio.

It also shows you how you can make the most out of dividend investing despite the type of the market. In addition, the book clearly shows you the values as well as the returns of dividends.

Dividend Stocks for Dummies shows you how you can research different companies, estimate their growth and returns as well as learn how to manage a dividend portfolio for increased dividend investments.
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  1. Dividend Growth Income: How to Supercharge your Investment Returns with Dividend, Stocks written by Nathan Winklepleck

Nathan Winklepleck explains how you can boost your investment returns while taking less risk in “Dividend Growth Income.”

In his book “Dividend Growth Income: How to Supercharge your Investment Returns with Dividend Stocks”, Nathan explains with practical examples how you can achieve financial freedom through investing in Dividends.

  1. The Little Book of Big Dividends: A Safe Formula for Guaranteed Returns written by Charles B. Carlson

Chuck Carlson in his book “The Little Book of the Big Dividends: A Safe Formula for Guaranteed Returns” teaches about how to find opportunities, pitfalls, and how to build an ideal portfolio.

It offers an action plan for dividend investor that involves finding the “Big, Safe Dividends using the Big Safe Dividends formula”. It even covers how to find the “Big Safe Investments in foreign stocks, ETFs, preferred stocks, REITs among others.
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  1. The Single Best Investment: Creating Wealth with Dividend Growth written by Lowell Miller

The Single Best Investment: Creating Wealth with Dividend Growth” is one of the best books about dividend investing written by Lowell Miller. It is a dividend growth investing book that emphasizes the need to invest in dividend paying and moderate-growth companies to reap the benefits of steady returns with low levels of risk.

The book offers simple rules that can help any investor choose the best stocks, use traditional evaluation methods, reinvest dividends and compare stocks and bonds to build a good investment portfolio.

It also explains some technical aspects of the stock market with statistics as well as academic research, examples of real-time performance and resources that can be used for advanced research.
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  1. Dividends Still Don’t Lie: The Truth about Investing in Blue Chip Stocks and Winning in the Stock Market written by Kelley Wright

Dividends Still Don’t Lie is a development book of Dividends Don’t Lie which was previously written by Geraldine Weiss in the ’80s. It is a book written by Kelley Wright that focuses primarily on the Dividend-Yield Theory to help investors understand how to make steady gains in the stock market.

Kelley Wright teaches investors the value-based strategy to investing. It involves using the stock dividend yield as the key measure of value. It is a strategy that emphasizes dividend-yield patterns, unlike most other strategies that mainly stress on price cycles of a stock, market strategy or the company’s products among other factors.

Kelley Wright book offers investors a value-based strategy to help them pick the stocks that use dividend yield as the main measure of value. I advise somewhat against using annual dividend yield since I have a long investment horizon. However, if you prefer yield, try out Kelley’s book.
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  1. Step by Step Dividend Investing: A Beginner’s Guide to the Best Dividend Stocks and Income Investments (Step by Step Investing) written by Joseph Hogue

Joseph Hogue in this gem guide “Step by Step Dividend Investing: A Beginner’s Guide to the Best Dividend Stocks and Income Investments” teaches the investors how to cease playing the stock market game with stock investments only and dive into dividends that will provide them with consistent returns.

He explains that even if the dividend stock prices drop, investors still earn a steady income thanks to the regular dividends payouts. It lays out a simple step-by-step strategy on the power of dividend investing as well as three income investment that every investor should have in their portfolio.

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  1. Dividends Don’t Lie: Finding Value in Blue-Chip Stocks written by Geraldine Weiss

In his book “Dividends Don’t Lie: Finding Value in Blue-Chip Stocks”, Geraldine Weiss offers insights to investors on how to create wealth from investments which is according to the stock market cycles that keep recurring.

It is a technically detailed and conservative analysis that recommends investors to study the high-grade issues with consistent dividend increase records. It tells the investors to consider buying shares when the stock has a lower price compared to dividend yield and selling or reinvesting elsewhere when the prices rise, or when the market is bullish.

  1. The Dividend Growth Investment Strategy: How to Keep Your Retirement Income Doubling Every Five Years written by Klugman Roxann

Klugman Roxann evaluates and compares different investment strategies of mutual funds, stocks and bonds with the DGIS to show the investor why DGIS is the better investment strategy. The DGIS strategy helps maximize the growth of the retirement nest egg at the same time it produces income that doubles after every five years.

Unlike mutual funds, the dividend investors can overcome the market downturns and inflation by growing their capital and still increase the growth returns while avoiding taxes on their dividends.

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  1. Income Investing Secrets: How to Receive Ever-Growing Dividend and Interest Checks, Safeguard Your Portfolio and Retire Wealthy written by Richard Stooker

If you’re risk averse, you want to build wealth with the lowest level of risk. Income Investing Secrets helps you discover how you can avoid financial setbacks and emotional stresses that are caused by an unstable and fluctuating stock market. It advises investors how to earn money even without necessarily depending upon the capital gains.

Dividends investment is an income investing secret that lets the investor earn with regular income gained from the stock dividends. The book also reveals to the investor some of the best and most reliable income producing investments types as well as how to minimize the risk of investments. You get more than just dividend growth investing. I love investing in real estate for income. You can invest in hotels, residential homes and more. Here’s how to evaluate real estate risks before starting.

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  1. Dividend Investing Your Way to Financial Freedom: A Guide to Live Off Dividends Forever written by Millionaire Mob

Top on our list is Millionaire Mob book “Dividend Investing Your Way to Financial Freedom: A Guide to Living Off Dividends Forever” which explains to investors how they can live off dividend investing. The book offers a 5-step guide that is necessary to help you live off dividends.

It offers free resources to calculate the best dividend investment options, their exact criteria on how to identify undervalued dividend stocks and actionable steps to help you become a better dividend growth investor.

You can use the book to find high-quality dividend growth stocks that will have a high likelihood of increasing their dividends well into the future.

Here is why I created my dividend investing book.

13 Best Books on Dividend Investing (Invest Your Money Wisely) (21)

See Related: Best Books on Value Investing

Conclusion on Best Dividend Investing Books

If you have been searching for books on dividend investing, I hope this list has offered you some valuable insights. Learning is so important with financial independence.

I try to read at least 3-4 books per month to continue pushing the envelope of knowledge and learning. Use these dividend income trackers to follow your dividend payments.

Make a point of reading them, and you’ll be on your way to financial freedom.

What are your favorite dividend investing books? Let us know in the comments below. We’d love to hear from you.

Other Dividend Growth Investing Resources:

  • Our resources on how to invest moneyto ensure success
  • How to use a 401(k) calculator to save on retirement fees
  • A guide to start investing your money… What does it take?
  • Best books to read about passive income

Subscribe to the Millionaire Mob early retirement blog newsletter to find the best travel hacking tips, dividend growth investing, passive income ideas and more. Achieve the financially free lifestyle you’ve always wanted.

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Best Books on Dividend Investing

As an enthusiast with a deep understanding of dividend growth investing, I have explored various strategies, studied numerous authors, and actively implemented these principles in my own investment portfolio. I believe in the power of dividends not only as a source of regular income but also as a means to achieve long-term financial goals, including retirement.

The article by Janice Friedman on Dividend Growth Investing, published on January 17, 2019, provides valuable insights into the world of dividend investing. It emphasizes the importance of reading and continuous learning for investment success, recommending a list of 13 best books on dividend investing available on Amazon. Let's delve into the concepts and key takeaways mentioned in the article:

  1. The Strategic Dividend Investor by Daniel Peris:

    • Focus on stocks with high and rising dividend distributions for long-term investment.
    • Emphasizes that dividends, rather than capital gains, contribute significantly to stock market returns.
  2. Get Rich with Dividends: A Proven System for Earning Double-Digit Returns by Marc Lichtenfeld:

    • Highlights dividends as accountable for a substantial portion of the S&P 500′s returns.
    • Provides a proven system for earning double-digit returns through dividends.
  3. The Ultimate Dividend Playbook: Income, Insight, and Independence for Today’s Investor by Josh Peters:

    • Shares insights on beating the market and using dividends for growth and income.
    • Offers valuable tricks for success in dividend investing.
  4. Dividend Stocks for Dummies by Lawrence Carrel:

    • Explains the significance of including dividends in an investment portfolio.
    • Guides readers on researching companies, estimating growth, and managing a dividend portfolio.
  5. Dividend Growth Income: How to Supercharge Your Investment Returns with Dividend Stocks by Nathan Winklepleck:

    • Demonstrates how to boost investment returns with practical examples.
    • Emphasizes achieving financial freedom through dividend investing.
  6. The Little Book of Big Dividends: A Safe Formula for Guaranteed Returns by Charles B. Carlson:

    • Teaches how to find safe dividend opportunities and build an ideal portfolio.
    • Offers a formula for identifying "Big, Safe Dividends" in various investment types.
  7. The Single Best Investment: Creating Wealth with Dividend Growth by Lowell Miller:

    • Advocates investing in dividend-paying, moderate-growth companies for steady returns.
    • Provides simple rules for stock selection, dividend reinvestment, and portfolio building.
  8. Dividends Still Don’t Lie: The Truth about Investing in Blue Chip Stocks and Winning in the Stock Market by Kelley Wright:

    • Focuses on the Dividend-Yield Theory for steady gains in the stock market.
    • Emphasizes using dividend yield as a key measure of value in a value-based strategy.
  9. Step by Step Dividend Investing: A Beginner’s Guide to the Best Dividend Stocks and Income Investments by Joseph Hogue:

    • Guides beginners on the power of dividend investing and consistent returns.
    • Recommends a step-by-step strategy for including dividends in an investment portfolio.
  10. Dividends Don’t Lie: Finding Value in Blue-Chip Stocks by Geraldine Weiss:

    • Offers insights on creating wealth through investments based on recurring stock market cycles.
    • Recommends studying high-grade issues with consistent dividend increase records.
  11. The Dividend Growth Investment Strategy: How to Keep Your Retirement Income Doubling Every Five Years by Klugman Roxann:

    • Compares different investment strategies, emphasizing the benefits of the Dividend Growth Investment Strategy (DGIS).
    • Highlights how DGIS helps maximize retirement nest egg growth and produces income.
  12. Income Investing Secrets: How to Receive Ever-Growing Dividend and Interest Checks, Safeguard Your Portfolio and Retire Wealthy by Richard Stooker:

    • Focuses on minimizing risk and earning steady income through dividends.
    • Recommends reliable income-producing investments and strategies for risk reduction.
  13. Dividend Investing Your Way to Financial Freedom: A Guide to Live Off Dividends Forever by Millionaire Mob:

    • Provides a 5-step guide to living off dividends and achieving financial freedom.
    • Offers resources for identifying undervalued dividend stocks and becoming a better dividend growth investor.

In conclusion, these recommended books cover a broad spectrum of dividend investing strategies, from the fundamentals to advanced techniques. The article encourages continuous learning, highlighting the importance of reading to achieve financial independence through dividend growth investing.

13 Best Books on Dividend Investing (Invest Your Money Wisely) (2024)

FAQs

How much money do I need to invest to make $1 000 a month in dividends? ›

Reinvest Your Payments

The truth is that most investors won't have the money to generate $1,000 per month in dividends; not at first, anyway. Even if you find a market-beating series of investments that average 3% annual yield, you would still need $400,000 in up-front capital to hit your targets.

How much money do I need to invest to make $3000 a month in dividends? ›

If you were to invest in a company offering a 4% annual dividend yield, you would need to invest about $900,000 to generate a monthly income of $3000. While this might seem like a hefty sum, remember that this investment isn't just generating income—it's also likely to appreciate over time.

How to make $500 a month in dividends? ›

Dividend-paying Stocks

Shares of public companies that split profits with shareholders by paying cash dividends yield between 2% and 6% a year. With that in mind, putting $250,000 into low-yielding dividend stocks or $83,333 into high-yielding shares will get your $500 a month.

What is the best strategy for dividend investing? ›

Top tips for investing in dividend stocks
  1. Find sustainable dividends. Finding a sustainable dividend is one of the surest ways to avoid loss, which is the No. ...
  2. Reinvest those dividends. ...
  3. Avoid the highest yields. ...
  4. Look for dividend growth. ...
  5. Buy and hold for the long term.
Jan 12, 2024

How much do I need to invest to make $200 a month in dividends? ›

The first high-octane income stock capable of generating $200 in monthly income from a beginning investment of $27,000 that's split in thirds is retail real estate investment trust (REIT) Realty Income (O 1.46%).

How can I make $1000 a month passively? ›

Passive Income: 7 Ways To Make an Extra $1,000 a Month
  1. Buy US Treasuries. U.S. Treasuries are still paying attractive yields on short-term investments. ...
  2. Rent Out Your Yard. ...
  3. Rent Out Your Car. ...
  4. Rental Real Estate. ...
  5. Publish an E-Book. ...
  6. Become an Affiliate. ...
  7. Sell an Online Course. ...
  8. Bottom Line.
3 days ago

What is the highest paying dividend stock that pays monthly? ›

Top 10 Highest-Yielding Monthly Dividend Stocks in 2022
  • ARMOUR Residential REIT – 20.7%
  • Orchid Island Capital – 17.8%
  • AGNC Investment – 14.8%
  • Oxford Square Capital – 13.7%
  • Ellington Residential Mortgage REIT – 13.2%
  • SLR Investment – 11.5%
  • PennantPark Floating Rate Capital – 10%
  • Main Street Capital – 7%

What stock pays dividends monthly? ›

7 Best Monthly Dividend Stocks to Buy Now
StockMarket Capitalization12-month Trailing Dividend Yield
Gladstone Investment Corp. (GAIN)$500 million6.9%
Modiv Industrial Inc. (MDV)$112 million7.7%
LTC Properties Inc. (LTC)$1.3 billion7.2%
Realty Income Corp. (O)$44 billion6.4%
3 more rows
Feb 29, 2024

How much dividends does $1 million dollars make? ›

Stocks in the S&P 500 index currently yield about 1.5% on aggregate. That means, if you have $1 million invested in a mutual fund or exchange-traded fund that tracks the index, you could expect annual dividend income of about $15,000.

What are the 5 highest dividend paying stocks? ›

9 Highest Dividend-Paying Stocks in the S&P 500
StockTrailing annual dividend yield*
Crown Castle Inc. (CCI)5.9%
Pfizer Inc. (PFE)5.9%
Boston Properties Inc. (BXP)6.2%
Kinder Morgan Inc. (KMI)6.2%
5 more rows
Mar 29, 2024

What stock gives you the most dividends? ›

10 Best Dividend Stocks to Buy
  • Verizon Communications VZ.
  • Johnson & Johnson JNJ.
  • Philip Morris International PM.
  • Altria Group MO.
  • Comcast CMCSA.
  • Medtronic MDT.
  • Pioneer Natural Resources PXD.
  • Duke Energy DUK.

How to make 5k a month in dividends? ›

To generate $5,000 per month in dividends, you would need a portfolio value of approximately $1 million invested in stocks with an average dividend yield of 5%. For example, Johnson & Johnson stock currently yields 2.7% annually. $1 million invested would generate about $27,000 per year or $2,250 per month.

What is the fastest way to grow dividend income? ›

Setting Up Your Portfolio
  1. Diversify your holdings of good stocks. ...
  2. Diversify your weighting to include five to seven industries. ...
  3. Choose financial stability over growth. ...
  4. Find companies with modest payout ratios. ...
  5. Find companies with a long history of raising their dividends. ...
  6. Reinvest the dividends.

What are the cons of dividend investing? ›

One downside to investing in stocks for the dividend is an eventual cap on returns. The dividend stock may pay out a sizable rate of return, but even the highest yielding stocks with any sort of stability don't pay out more than ~10% annually in today's low interest rate environment, except in rare circ*mstances.

Can you live off dividends? ›

But with the right stock portfolio, you can enjoy peace of mind as you live entirely off the dividend payments you earn. It sounds too good to be true – but it's entirely possible, and people around the world are doing it right now. You can too – it just takes a bit of education and the right tools.

Can you live off dividends of $1 million dollars? ›

Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down-year investment portfolio management, a $1 million index fund could provide $100,000 annually.

What is the dividend on $100 shares of Coca-Cola? ›

The Coca-Cola Company's ( KO ) dividend yield is 3.32%, which means that for every $100 invested in the company's stock, investors would receive $3.32 in dividends per year. The Coca-Cola Company's payout ratio is 74.22% which means that 74.22% of the company's earnings are paid out as dividends.

How much dividend income from 500K? ›

Even as early as age 50! The trick is to convert the pile of cash into cash flow that can pay the bills. I'm talking about $41,553.73 per year in dividend income on that nest egg, thanks to 8.3% average yields. These are passive payouts that show up every quarter or, better yet, every month.

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