Got $5,000 to Invest? Buying This Nearly 6%-Yielding Dividend Stock Can Turn It Into Almost $300 of Easy Passive Income Each Year.
Investing money in income-generating assets is an easy way to start making some passive income. The more money you invest and the higher yield you earn on that investment, the more passive income you'll collect. W.P. Carey (NYSE: WPC) checks the high-yield box. At a nearly 6% yield, the real estate investment trust (REIT) pays about four times the income as the average dividend stock, based on the S&P 500's sub-1.5% dividend yield. It could turn a $5,000 investment into almost $300 of annual passive income at that rate.W.P. Carey owns a diversified portfolio of high-quality, operationally critical commercial real estate across North America and Europe. It has 1,614 properties, encompassing industrial, warehouse, retail, and various other types, secured by long-term net leases with built-in rent escalations. The REIT also owns 78 self-storage locations operated by others under management agreements. Continue reading
Investing money in income-generating assets is an easy way to start making some passive income. The more money you invest and the higher yield you earn on that investment, the more passive income you'll collect.
W.P. Carey (NYSE: WPC) checks the high-yield box. At a nearly 6% yield, the real estate investment trust (REIT) pays about four times the income as the average dividend stock, based on the S&P 500's sub-1.5% dividend yield. It could turn a $5,000 investment into almost $300 of annual passive income at that rate.
W.P. Carey owns a diversified portfolio of high-quality, operationally critical commercial real estate across North America and Europe. It has 1,614 properties, encompassing industrial, warehouse, retail, and various other types, secured by long-term net leases with built-in rent escalations. The REIT also owns 78 self-storage locations operated by others under management agreements.
