Want $700 in Passive Income? 3 Dividend Stocks to Snap Up

Passive income isn't hard to find in the stock market. Many companies, including nearly all the members of the Dow Jones Industrial Average, pay out a big portion of their earnings to shareholders through dividends. These checks tend to rise with each passing year as well and can either be collected as cash or automatically reinvested into the stock.

But which dividend stocks are worth placing in your passive income portfolio? Consider Coca-Cola (NYSE: KO), Procter Gamble (NYSE: PG), and Home Depot (NYSE: HD) as excellent options today. With dividend yields of over 2%, you could employ roughly $25,000 between these stocks and secure yourself $700 of annual income.

It has been a tough year for Coca-Cola stock, which underperformed the Dow significantly in 2023. The silver lining here is that investors now have an opportunity to buy the beverage giant at a discount while taking advantage of its elevated dividend yield.

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Source Fool.com