If you’re looking to generate passive income, investing in high-yield dividend stocks could be a great option. With just $800 invested in each of these 3 stocks, you could potentially earn over $100 in passive income per year.
Dividend stocks are a type of investment that pays out a portion of the company’s earnings to its shareholders on a regular basis. These stocks are known for their consistent payouts, making them a popular choice for income investors.
One example of a high-yield dividend stock is Company A, which currently offers a dividend yield of 5%. By investing $800 in Company A, you could potentially earn $40 in passive income per year.
Another option is Company B, which has a dividend yield of 6%. By investing $800 in Company B, you could potentially earn $48 in passive income per year.
Lastly, Company C has a dividend yield of 4%. By investing $800 in Company C, you could potentially earn $32 in passive income per year.
When you add up the potential passive income from all three stocks, you could be looking at over $100 in passive income per year with just $800 invested in each stock.
It’s important to note that investing in individual stocks comes with risks, so it’s important to do your research and consider diversifying your investments. However, if you’re looking to generate passive income, high-yield dividend stocks could be a great option to consider.