Got $1,000 to Invest? This Healthy Monthly Dividend Stock Could Turn It Into Over $70 of Annual Passive Income.
Investing money in dividend-paying stocks is an easy way to start generating passive income. Many companies pay dividends, which gives you lots of options. One ideal option for those seeking to collect recurring passive income is Healthpeak Properties (NYSE: DOC). The real estate investment trust (REIT) recently switched to paying monthly dividends instead of the typical quarterly schedule, which better aligns the payment with your monthly expenses. It also offers a very attractive dividend yield currently above 7% (significantly higher than the S&P 500's sub-1.5% yield). A $1,000 investment would produce more than $70 of annual passive income at that rate. Here's a closer look at this top-notch income stock. Image source: Getty Images.Continue reading
Investing money in dividend-paying stocks is an easy way to start generating passive income. Many companies pay dividends, which gives you lots of options.
One ideal option for those seeking to collect recurring passive income is Healthpeak Properties (NYSE: DOC). The real estate investment trust (REIT) recently switched to paying monthly dividends instead of the typical quarterly schedule, which better aligns the payment with your monthly expenses. It also offers a very attractive dividend yield currently above 7% (significantly higher than the S&P 500's sub-1.5% yield). A $1,000 investment would produce more than $70 of annual passive income at that rate. Here's a closer look at this top-notch income stock.
Image source: Getty Images.
