Want to Gain $1,000 in Annual Dividend Income? Invest $11,900 in These 3 High-Yield Dividend Stocks.

If you're looking for ways to build up a passive income stream that can support your retirement plans, there are lots of options. Acquiring properties that you rent to others is a popular one, but acquiring rental properties often requires more capital than most investors are prepared to commit.

If you don't have enough cash to put a down payment on a duplex, or just don't want the hassle of property management, consider these dividend stocks. At recent prices, they offer an average yield of 8.4%.

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Source Fool.com