With Mizuho Securities expecting about 10% of the $380 billion in third round stimulus payments to be allocated to stocks and Bitcoin, it's safe to say that there will be quite a bit of money from individual investors pouring into the market over the next few weeks.
Depending upon when I receive my $1,400 stimulus direct deposit, I plan on either paying off what remains of my Robinhood margin or purchasing additional dividend stocks. If I receive my stimulus payment prior to the beginning of April, I will deleverage the last bit of Robinhood margin.
On the other hand, if I receive my stimulus payment early April or later, I intend to purchase dividend stocks. Regardless of when I receive my stimulus payment, I am forecasting that I will be deploying over $3,000 in capital in April, with the vast majority of that capital going into dividend stocks.
Below are 3 dividend stocks that I am considering initiating positions in come April.
Image Source: Pexels
Dividend Stock #1: American Tower (AMT)
Are AMT, BLK, or TROW on your watch list heading into April? If not, what names are on your watch list?
Thanks for reading and I welcome your comments in the comment section below!