Want an Extra $100 in Annual Dividend Income? Invest $1,320 in These 3 High-Yield Stocks
Would you like to widen the stream of passive income you can expect each year? Managing rental property is an option, but most retirees find this method less passive than they would like it to be.
Investors who are attracted to truly passive income generation may want to consider AT (NYSE: T), PenantPark Floating Rate Capital (NYSE: PFLT), and (NYSE: PFE). They offer an average yield of 7.6% at recent prices, so about $1,320 spread evenly among them is enough to set yourself up with $100 in annual dividend income.
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Source Fool.com