Looking for $5,000 in Passive Income? Buy Just Over 1,000 Shares of This Stock
Investors love dividends. Who doesn't enjoy getting paid to own something while you do nothing? They are also popular among retirees, providing a steady income stream without the need to sell assets.
While eye-popping 6% or higher dividend yields are tempting, they are usually indicative of a struggling company that may have problems maintaining its current dividend level in the future. Investors should look for stocks paying between a 2% and 4% yield, as this level is likely sustainable. One stock that meets these criteria is Texas Instruments (NASDAQ: TXN), one of the most solid dividend payers in the market.
With an annual payout of $4.60 per share, it takes 1,087 shares of Texas Instruments to receive $5,000 in dividends. So is Texas Instruments worth investing that much money in in today's market?
Source Fool.com
