Want $3,000 In Passive Income? Invest $51,000 in These 3 High-Yield Dividend Plays

Dividend stocks can be dual-threat vehicles, offering investors the best of both worlds. Specifically, these equities can act as reliable passive income generators while simultaneously possessing the potential to increase your net worth through share-price appreciation.

If you're interested in buying a handful of dividend stocks as part of a passive income strategy, consider investing $51,000 across these three attractive options: (NYSE: T), Gilead Sciences (NASDAQ: GILD), and the JPMorgan Equity Premium Income ETF (NYSEMKT: JEPI). Read on to find out why these three are superb passive income plays, each offering unique benefits to income-focused investors.