Invest $1,000 in Target, PepsiCo, and Kenvue for over $100 in annual passive income.

From Nasdaq.: 2024-10-13 05:20:00

Generating passive income from dividend stocks can supplement retirement income or financial planning. Companies like Target, PepsiCo, and Kenvue are Dividend Kings, having raised dividends for over 50 years. Investing $1,000 in each could yield at least $100 in passive income annually. Target shows value with a 2.9% yield and improving margins, while Pepsi stock may present a buying opportunity due to lower sales. Kenvue, a newly independent consumer health company, offers a 3.8% yield and potential for growth. All three companies offer solid investment opportunities despite recent challenges.



Read more at Nasdaq.: All It Takes Is $1,000 Invested in Each of These 3 Dividend Kings to Help Generate Over $100 in Passive Income Per Year