Want $2,860 in Passive Income? Invest $100,000 in These 3 Stocks
With consumer prices rising at the highest rate in 40 years, it's a great time to consider adding dividend stocks to your portfolio. For example, when inflation spiked in the 1970s, dividends contributed 73% of total returns, according to research by Hartford Funds.
Coca-Cola (NYSE: KO), Target (NYSE: TGT), and Kraft Heinz (NASDAQ: KHC) offer a balance of long-term growth and near-term income from quarterly dividend payments. If you invest an equal amount in each stock, you will earn an average yield of 2.86%, or $2,860 in annual income on a total investment of $100,000. What's more, that income should rise over time as these companies grow sales and increase their dividend.
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Source Fool.com
