VTRS - Want $1500 in Annual Passive Income? Invest This Much in Viatris Stock Each Month for 5 Years
2023-08-04 08:20:00 ET
Especially if you're living on a fixed income, being able to bring in even $1,500 in extra money each year via dividends can be a big change for the better. But it's often difficult to figure out which dividend stock has what it takes to keep paying out for years and years.
On that note, Viatris (NASDAQ: VTRS) is a dividend payer that tends to catch the imagination of investors thanks to its decently high dividend yield and its stable line of business. Plus, it wouldn't take too much money to build up a position big enough to generate a grand and a half per year. So let's see how much you'd need to make that happen on a comfortable five-year time frame.
In the long term, Viatris has the potential to be a great dividend holding for three reasons: the enduring appeal of its products, its plans for sustainable growth, and its disruption-resistant business model.
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Want $1,500 in Annual Passive Income? Invest This Much in Viatris Stock Each Month for 5 Years