TriplePoint Venture Growth BDC Corp. generated $10.31 million in quarterly income with a dividend yield close to 17%, while FS KKR Capital Corp. reported $159 million in quarterly investment income and features a dividend yield of 17.36%. Investing in AMZW and GOOW ETFs can help reach a $50,000-per-year passive income goal.
To achieve $50,000 in annual passive income, invest $200,000 in dividend champion stocks and high-yield ETFs with an average yield of 25%. TriplePoint Venture Growth BDC Corp. and FS KKR Capital Corp. are strong stock picks with positive income and high dividend yields.
Adding Roundhill AMZW and GOOW ETFs can boost overall yield, surpassing the 25% target for $50,000 annual cash payments. These ETFs offer weekly distributions and aim for enhanced returns based on Amazon and Alphabet stock performance.
After considering risks like share-price volatility and potential yield reductions, the average annual dividend/distribution yield across all four stocks/ETFs totals 28.24%, exceeding the 25% goal. By understanding investment paths and making informed choices, investors can build wealth effectively.
Read more at Yahoo Finance: Want $50,000 in Yearly Passive Income? Invest $50,000 in These Stocks
