Investing in dividend stocks or ETFs can provide passive income. The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a trailing yield of 4.46%, requiring about 256 shares for $500 in annual dividend income at $43.86 per share. SPYD tracks the top 80 high-dividend-yielding companies in the S&P 500.

Compared to the S&P 500 average, SPYD offers a payout close to four times higher, exposure to 78 companies across all U.S. sectors, and a low expense ratio of 0.07%. The dividends received can easily offset this cost. Consider the 10 best stocks identified by the Motley Fool Stock Advisor team for potential high returns.

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Read more at Yahoo Finance: Here’s How Many Shares of the SPDR Portfolio S&P 500 High Dividend ETF (SPYD) You’d Need for $500 in Yearly Dividends