Want $5,000 in Passive Income? Buy 952 Shares of This Dividend Stock
Income investors looking for an excellent way to generate $5,000 per year have come to the right place. Whether looking to supplement retirement income or build wealth in anticipation of retirement, passive income can be a powerful tool.
One excellent method of passive income is through dividend stocks. With quarterly payments, income investors can derive a recurring cash stream while working full-time in careers or sipping pina coladas in a retirement community.
And one of my favorite dividend stocks right now is McDonald's (NYSE: MCD). If you're looking for $5,000 in passive income per year, you can achieve that goal by purchasing 952 shares of McDonald's stock. As of the market close on May 27, McDonald's stock was selling at $252 per share. Read more to find out why McDonald's is one of my favorites and see what happens to the $5,000 in passive income over future years.
Source Fool.com
