Want $2,000 in Passive Income? Invest $10,000 in These 3 Monster Dividend Stocks and Wait 5 Years
Since March 14, the Nasdaq Composite has rallied 13%, the S&P 500 is up 8%, and the Dow Jones Industrial Average is up 5% as investors digest rising interest rates, geopolitical tensions, and other market challenges. Meanwhile, the CBOE S&P 500 Volatility Index is down 35%, signaling less fear in the stock market.
Investors who are concerned about volatility picking back up and are interested in safe stocks that generate passive income have come to the right place.
Investing in equal parts Kinder Morgan (NYSE: KMI), Starbucks (NASDAQ: SBUX), and Clorox (NYSE: CLX) stocks gives an investor an average dividend yield of 3.9% and exposure to the energy sector, the consumer discretionary sector, and the consumer staples sector. After a period of five years, an investor could expect a $10,000 investment to earn over $2,000 in passive dividend income. Here's what makes each dividend stock a great buy now.
Source Fool.com
