Want to Generate Thousands of Dollars in Passive Income While Barely Lifting a Finger? This Dividend ETF Could Get You There.
The Vanguard Dividend Appreciation ETF can help you grow your way to a bigger income stream.
Overview
A $50,000 investment in the Vanguard Dividend Appreciation ETF (NYSEMKT: VIG) would generate around $850 in annual dividend income at its recent share price and current yield. Here's where things get even more interesting. This dividend ETF has grown its payout at a 7.3% compound annual rate over the last decade. If it maintains that pace, it would generate over $3,500 a year in annual dividend income in two decades, all without lifting a finger or adding another dollar to your investment.
Here's a closer look at this fund, which makes it easy to collect passive dividend income.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.