Want $500 in Passive Income? Invest $3,000 Into These 3 Dividend Stocks and Wait 3 Years
Passive-income investors have many choices in today's market. The 10-year Treasury rate has fallen from 5% a month ago to around 4.4%, but that is still higher that what investors were used to over the past 15 years.
Meanwhile, many high-yield savings accounts yield more than 4%, and investors can even get passive income for cash held in their investment accounts. Interactive Brokers offers as much as 4.83% interest on cash balances, and Robinhood Markets just announced a 5% annual percentage yield on uninvested cash for Robinhood Gold members.
However, investors willing to take on more risk could benefit from investing in high-yield dividend stocks as a way to participate in the market while also collecting income. You can expect more than $500 in dividend income -- an annual yield equivalent of about 5.5% -- from $3,000 divided into equal parts among Devon Energy (NYSE: DVN), Brookfield Renewable (NYSE: BEPC) (NYSE: BEP), and Kinder Morgan (NYSE: KMI) during the next three years.
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 13 Buy predictions and 1 Sell predictions.
However, we have a potential of -1.38% for Brookfield Corp. as the target price of 43 € is below the current price of 43.6 €.
