MCD - Want $400 of Passive Income? Invest $16000 in These 2 Dividend Giants
2023-12-10 05:49:00 ET
One great reason to love dividend stocks is that they offer purely passive income. Simply adding a few of these investments to your portfolio lets you to benefit from regular quarterly payments that also tend to rise with each passing year.
The hard part is picking the right stocks. You want a good balance between growth and income. A high yield is important, too, but not so important that you invest in sub-par businesses. Ideally, the dividend stocks you own will deliver both steadily growing income and a rising share price.
Coca-Cola (NYSE: KO) and McDonald's (NYSE: MCD) both fit that bill today. And by investing $16,000 roughly evenly between the two blue chip companies, you can get some diversity while generating an immediate $400 of annual income. Let's look at a few reasons why they make ideal candidates for income investors right now.
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Want $400 of Passive Income? Invest $16,000 in These 2 Dividend Giants