Want $1,000 in Passive Income? Invest $5,000 in These 3 Dividend Stocks and Wait 4 Years
Oftentimes, stable and boring businesses can be great dividend stocks, especially during times of market volatility. After all, going with a company that has a track record of distributing cash to shareholders no matter the market cycle can be a sigh of relief when asset prices are slipping.
Midstream giant Oneok (NYSE: OKE) and chemical companies Dow (NYSE: DOW) and Huntsman (NYSE: HUN) each yield over 4%. By investing $5,000 in equal parts of each stock and waiting four years, investors can expect to earn at least $1,000 in passive dividend income. Here's what makes each of these quality companies worth a closer look.
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Source Fool.com