This Dividend ETF Could Build a $1,000 Monthly Passive Income Stream. Here's the Math.
High-yield dividend equity ETFs are a great way to generate serious income over time.
Overview
Dividend ETFs are great for delivering steady, predictable income to investors. The iShares Core High Dividend ETF (NYSEMKT: HDV) is an ideal choice for this. It targets higher-yielding U.S. stocks but adds a pair of quality screens to ensure the above-average yields are sustainable.
The fund currently yields 3.1%, about triple what the Vanguard S&P 500 ETF pays today. That kind of yield from a diversified portfolio of high-quality stocks is what can help income seekers build a substantial passive income stream.
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Originally published at www.fool.com.
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