Want $5,000 in Annual Passive Income? Invest $100,000 in These 2 Dividend Stocks
If you've got money available to invest, building a portfolio of high-quality dividend stocks can be a great way to generate passive income and also open the door for capital gains. For income-seeking investors, (NYSE: VZ) and Home Depot (NYSE: HD) could be big winners.
The two stocks sport dividend yields of 8% and 2.6%, respectively. As such, splitting an investment of $100,000 evenly between them would give you an average yield of 5.3%, giving you about $5,300 in passive income in the coming year. Two Motley Fool contributors think that's just the beginning of the reasons why making these stocks the foundation of a dividend portfolio could be a smart move. Here's what they had to say about these two passive income producers.
Keith Noonan: Even though the broader market rallied in 2023, Verizon still managed to slide roughly 19% year to date. At approximately $32 per share, the stock is trading at a 10-year low.
Source Fool.com
Verizon Communications Inc. Stock
With 23 Buy predictions and 1 Sell predictions Verizon Communications Inc. is one of the favorites of our community.
As a result the target price of 41 € shows a slightly positive potential of 7.33% compared to the current price of 38.2 € for Verizon Communications Inc..
