Want $490 in Passive Income Each Year? Invest $10,000 in These 2 Dividend Stocks

Building positions in dividend stocks can help investors overcome market volatility and generate reliable passive income streams.

If you're looking to add dependable, income-generating stocks to your portfolio, two Motley Fool contributors believe that you would be smart to start building positions in AT (NYSE: T) and Home Depot (NYSE: HD) right now. Investors who divide $10,000 evenly across these two dividend stocks can look forward to annual income generation of $490 per year, and both stocks also have the potential for significant stock price gains.

Keith Noonan: This year has been tough for AT Against the backdrop of a 15% rally for the S 500 index across 2023's trading so far, the telecom giant's share price fell by roughly 15.5%. The company's underperformance becomes even more stark when viewed across a longer timeline. Ma Bell's stock is down 38% over the last five years, while the S 500 climbed by 50%.

Continue reading

Source Fool.com