ARCC - Want $10000 in Annual Passive Income? Invest $106000 in These 3 High-Yield Dividend Stocks
2023-12-03 05:50:00 ET
There are plenty of ways to generate passive income. For example, you could buy a real estate property and rent it out. You could write a book and earn money from the sales. But these approaches require a not-so-insignificant amount of work upfront.
Alternatively, you could take an easy approach. Want $10,000 in annual passive income? Invest $106,000 in these three high-yield dividend stocks.
Ares Capital (NASDAQ: ARCC) looks like a great target for one-third of your $106,000 upfront amount. With its dividend yield of nearly 9.7%, this stock should generate more than $3,420 of annual income without you having to lift a finger.
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Want $10,000 in Annual Passive Income? Invest $106,000 in These 3 High-Yield Dividend Stocks