2 High-Yield Dividend ETFs to Buy to Generate Passive Income
Exchange-traded funds (ETFs) make it super easy to be a passive investor. They offer instant, built-in diversification, meaning you don't need to actively construct and manage a portfolio.
These characteristics make ETFs ideal for those seeking to generate passive income. Two great dividend ETFs for passive income are JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ: JEPQ) and Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD). The ETFs offer high-yielding dividends, making them ideal for passive income production.
JPMorgan Nasdaq Equity Premium Income ETF aims to provide investors with a monthly Income stream and Equity upside exposure to the Nasdaq-100 with less volatility. The ETF primarily generates income by writing out-of-the-money call options on the Nasdaq-100. Selling call options generates options premium income, which the fund distributes to investors each month.
Source Fool.com
JPMorgan Chase & Co. Stock
The stock is an absolute favorite of our community with 36 Buy predictions and no Sell predictions.
With a target price of 202 € there is a slightly positive potential of 7.0% for JPMorgan Chase & Co. compared to the current price of 188.78 €.
