Want $7,800 in Passive Income? These 2 Monster Stocks Just Raised Their Dividends
We've just passed the latest earnings season, and like every earnings season, this one left numerous dividend raises in its wake.
Dividends are excellent, excellent sources of passive income. By buying 1,000 shares apiece of recent raisers -- and Dividend Kings -- PepsiCo (NASDAQ: PEP) and Stanley Black & Decker (NYSE: SWK), you could reap $7,800 over the next 12 months without lifting a finger. Now, that requires some outlay, as the former company is currently trading at nearly $181 per share and the latter almost $103. But, like with any investing, it's not hard to begin small and amass larger holdings over time.
Meanwhile, since we're still some distance from the ex-dividend dates of both these companies, there's plenty of time to take advantage of the two hikes.
Source Fool.com
