Want $300 of Passive Income? Invest $15,000 in These 2 Dow Dividend Giants.
The Dow Jones Industrial Average is a great place to go shopping if you're an investor seeking passive income. This collection of 30 of the world's largest publicly traded businesses is packed with companies that have stellar track records for earnings growth. Their dividend yields provide instant cash returns, too, with a high chance of steady annual hikes on the way for many years into the future.
It doesn't take a very large investment to start to build that income stream, either. With a $15,000 investment split about evenly between (NYSE: WMT) and Home Depot (NYSE: HD), for example, you'd receive about $300 annually, or 2% on your cost. Here's why that's an attractive option for dividend stock investors today.
Walmart's dividend yield is relatively small at 1.5%, but don't let that issue scare you away from this stock. The retailer is checking all the right boxes for investors, after all.
Source Fool.com
Walmart Inc. Stock
With 52 Buy predictions and not a single Sell prediction Walmart Inc. is an absolute favorite of our community.
Based on the current price of 59.14 € the target price of 164 € shows a potential of 177.31% for Walmart Inc. which would more than double the current price.
