Want $1,000 in Passive Income? Invest $21,625 in These 3 Surprising Dividend Stocks
Dividend investors tend to ignore tech stocks. As an industry focused heavily on emerging companies and rapid growth, these enterprises have often chosen to reinvest in themselves rather than distribute cash to shareholders.
However, maturing tech companies have tended to buck this trend, and many offer payouts well above the S&P 500 average yield of 1.6%. A combined portfolio of AT&T (NYSE: T), International Business Machines (NYSE: IBM), and Intel Corporation (NASDAQ: INTC) demonstrates such cash flows. A comparatively modest investment can yield $1,000 in total annual income.
Justin Pope (AT&T): Investing in telecom giant AT&T is like hitting the easy button for dividend investors. It pays a quarterly dividend, adding up to an annual total of $1.11 for shareholders. You'll need to buy an even 300 shares to generate $333 in annual dividend income, a total investment of $6,370 at today's share price.
Source Fool.com
