Got $1,000? This Ultra-High-Yield Dividend Stock Could Turn It Into Nearly $60 of Annual Passive Income.
Investing in real estate can be an excellent way to start generating passive income. There are lots of paths to potentially make passive income from real estate. One of the easiest to take is investing in a real estate investment trust (REIT).
W.P. Carey (NYSE: WPC) is a top REIT for those seeking a lucrative passive income stream. The diversified REIT currently has a dividend yield approaching 6%. At that rate, every $1,000 invested into its stock would produce nearly $60 of annual passive dividend income. Here's why W.P. Carey is an ideal option for those seeking to start collecting passive income.
W.P. Carey is one of the largest REITs focused on net lease real estate. That lease structure requires the tenant to cover a property's operating expenses, like routine maintenance, building insurance, and real estate taxes. As a result, the landlord collects a very stable stream of rental income.
Source Fool.com
