Want $5,000 a Year in Passive Income? Buy This Stock Now

Dividend stocks are an excellent option if you're looking to build a recurring income stream. Because mostly profitable businesses pay dividends, it makes this an ideal source of passive income in the long term. 

More specifically, investors looking to generate $5,000 per year in passive income can do so by purchasing 6,944 shares of eBay (NASDAQ: EBAY) stock. At a price per share of $47 as of this writing, the purchase will set you back roughly $326,400. The e-commerce retailer has grown earnings robustly over the previous decade, demonstrating the potential to boost dividends over the long run.  

EBAY EPS Diluted (TTM) data by YCharts

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Source Fool.com