Love Passive Income? Here’s What Investing $10,000 in This Dividend REIT Could Make You Each Month
In bull markets, income stocks may seem boring to many. But when the market is especially volatile, investors tend to flock to these stocks for their stability.
This explains why shares of the real estate investment trust (REIT) W.P. Carey (NYSE: WPC) are flat year-to-date while the S&P 500 index has tumbled 17% during that time. Let’s take a look at how much average monthly income the REIT could generate for income investors with $10,000 available to invest, and what makes it a good income stock.
At the current $81 share price, $10,000 could purchase 123 shares of W.P. Carey. This would create $130 in quarterly dividend income, or approximately $43 in monthly dividend income, which is equivalent to a massive 5.2% dividend yield.
Source Fool.com
