Want $1,500 in Passive Income? Invest $10,000 in These 3 Dividend Aristocrats and Wait 5 Years
When the stock market is red-hot and showing no signs of slowing down, a dividend payment here and there seems like a drop in the bucket. But when the bear market drags on and companies are down big off their highs, passive income can provide a much-needed incentive to hold stocks through periods of volatility.
Investing in equal parts of ExxonMobil (NYSE: XOM), PPG Industries (NYSE: PPG), and Stanley Black & Decker (NYSE: SWK) gives an investor a dividend yield of 3%. Over a period of five years, you can expect a $10,000 investment in this basket to produce $1,500 of passive income. What's more, all three companies are high-quality Dividend Aristocrats, which are S&P 500 components that have paid and raised their dividends for at least 25 consecutive years. Here's what makes each company a great buy now.
Image source: Getty Images.
Source Fool.com
