Got $1,000? This Ultra-High-Yield Dividend Stock Could Turn It Into Nearly $60 of Annual Passive Income.
W. P. Carey(WPC) The Motley Fool·2024-09-03 20:41This REIT can produce lots of passive income.Investing in real estate can be an excellent way to start generating passive income. There are lots of paths to potentially make passive income from real estate. One of the easiest to take is investing in a real estate investment trust (REIT). W.P. Carey (WPC 1.33%) is a top REIT for those seeking a lucrative passive income stream. The diversified REIT currently has a dividend yield approaching 6%. At that rate, every $1,000 invested into its stock would produce ...