Want $250 in Passive Income? Buy These 2 Dividend Kings and Wait
It's no surprise why investors love Dividend Kings -- they're stocks that have grown their dividends for at least 50 years on end without fail. With such reliable track records, it's an easy affair to invest a relatively small amount of money up front and then watch the payout grow year after year -- and that's why they're excellent options for generating passive income from your portfolio.
Let's take a look at a pair of those Dividend Kings that shouldn't take too long to ramp up to providing you with an annual passive income of $250 after making an initial investment that's likely within your reach today.
Abbott Laboratories (NYSE: ABT) is a leading option for passive income investors, thanks to its perpetually rising dividend and its relatively low level of risk. Its forward dividend yield of around 1.8% isn't going to make you rich anytime soon, but the low yield is mitigated by the company's long-standing commitment to dividend growth spanning more than 50 years. Its payout rose by 82.1% in the last five years alone.
Source Fool.com
