2 Passive-Income Stocks to Load Up On in October
BMYBristol-Myers Squibb(BMY) The Motley Fool·2024-10-03 18:45

These two dividend powerhouses are ideal choices for passive-income investors.Dividend investing can create substantial passive income over time. A conservative example illustrates this potential: Investing 10,000annuallyfor40yearsinastockyielding3.110,000 annually for 40 years in a stock yielding 3.1% with 2.5% annual dividend growth could generate 44,316 in yearly dividend income. This strategy would also build a portfolio worth over $1.4 million.Selecting the right dividend stocks is crucial. Investors should focus on companies with sustainable ...