If you’re looking to generate passive income through dividends, one stock worth considering is Company XYZ. With a dividend yield of 5%, investing £1,000 in this stock would earn you £50 in annual passive income. To reach a target of £1,000 in passive income per year, you would need to buy 10,204 shares of Company XYZ. This strategy allows you to build a steady stream of income without actively managing your investments. Consider adding Company XYZ to your portfolio for a reliable source of passive income.