Want to Make Some More Money? This 5.5%-Yielding Dividend Stock Could Provide You With Lots Of Passive Income.
The old saying that it takes money to make money is true, at least when it comes to generating passive income. You need to make up-front investments, and those will eventually start throwing off income.
On the plus side, it can be easy to get started. For example, anyone can open a brokerage account and buy dividend-paying stocks. One great option today for income-seeking investors is W.P. Carey (NYSE: WPC). That real estate investment trust (REIT) offers a dividend yield of around 5.5% at its current share price -- significantly higher than the S&P 500's sub-1.5% dividend yield. Here's a look at why this REIT is ideal for generating passive income.
W.P. Carey is one of the largest net lease REITs. That lease structure requires tenants to cover all of a property's operating costs, including routine maintenance, building insurance, and real estate taxes. The REIT typically signs long-term net leases that have built-in rent hikes each year at either fixed rates or rates tied to inflation.
Source Fool.com
