2 High-Yield Dividend ETFs to Buy to Generate Passive Income

Investing in dividend-paying stocks is one of the many ways to collect passive income. The only work involved for you involves selecting which stocks to buy and managing your portfolio.

Buying an exchange-traded fund (ETF) that focuses on dividends is an even more passive approach, and these two dividend ETFs in particular are excellent ways for you to add passive income generation to your portfolio.

The Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) makes it easy to invest in dividend stocks. The fund tracks the Dow Jones U.S. dividend 100 index, which includes only high-yielding stocks with a record of consistently paying dividends. These companies also tend to have stronger financial metrics than their peers. In short, the fund holds positions in about 100 of the top dividend-paying companies in the country.

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Source Fool.com