Here's How Much You'd Need to Invest in VIG to Generate $1,000 per Month in Dividends
The Vanguard Dividend Appreciation ETF (VIG) doesn't have the highest yield, but its dividend growth history is a strength.
Overview
The Vanguard Dividend Appreciation ETF (NYSEMKT: VIG) is one of the more solid investments out there. Its focus on stocks that have grown their dividend annually for at least 10 consecutive years helps ensure a portfolio of quality companies with a growing passive income stream.
While this fund excels as a dividend growth strategy, it's not very big on yield. Because it excludes the top 25% of yields in its stock selection process, the remaining choices generate only a current yield of 1.4%. That's better than the S&P 500's 1% yield but below that of many other dividend ETFs.
Details
Still, a significant dividend income stream is possible with the right initial investment.
Source
Originally published at www.fool.com.