GIS - Want $2000 in Passive Income? Invest $15000 in These 3 Inflation-Hedging Dividend Stocks and Wait 5 Years.
In a market filled with volatility and uncertainty like the one we are currently in, it's never a bad idea to look for strong dividend stocks that can pay reliable passive income. With the consumer price index, a measure of the prices of goods and services that Americans use every day, having risen 8.5% year over year in March, inflation is surging. The good news is that there are stocks that generate solid passive income with their dividends while also hedging inflation
Three stocks that do this are the real estate investment trust (REIT) Digital Realty Trust (NYSE: DLR) ; the popular food brand General Mills (NYSE: GIS) ; and America's second-largest bank by assets, Bank of America (NYSE: BAC) .
Digital Realty has a dividend yield of 3.22%, General Mills yields 2.9%, and Bank of America is yielding just over 2%. So investing $5,000 in each of these three stocks and then waiting five years would earn a little over $2,000. Let's look at each of these three stocks.
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Want $2,000 in Passive Income? Invest $15,000 in These 3 Inflation-Hedging Dividend Stocks and Wait 5 Years.