Need $4,400 per Year in Passive Income Paid Monthly? Invest Just $7,500 in These Stocks

"According to the Internal Revenue Service (IRS), passive income generally includes earnings from rental activity or any trade, business, or investment in which the individual does not materially participate. It can also include income from limited partnerships, stocks, bonds, and other similar enterprises in which the investor is not actively involved. The more passive income can help cover rising costs, such as mortgages, insurance, taxes, and other expenses, the easier it is for investors to set aside money for future needs as they prepare for retirement. Dependable, recurring dividends-especially those paid monthly-are a recipe for success."

"Our 24/7 Wall St. passive income stock research database is a reliable source of the best investment ideas for generating passive income. We have identified six ultra-high-yield stocks that pay investors their dividends every month. Investing just $7,500 in each, for a total of $37,500, will yield over $370 per month in passive income, totaling $4,400 annually. As a caveat, these stocks are better suited for those with higher risk tolerance. Our readers should note that these figures are current as of the day this post was written and may vary slightly, either higher or lower, when published."

Passive income generally includes earnings from rental activity or any trade, business, or investment in which the individual does not materially participate. It also includes income from limited partnerships, stocks, bonds, and other similar enterprises in which the investor is not actively involved. Increasing passive income can help cover rising costs such as mortgages, insurance, taxes, and other expenses, making it easier to set aside money for future retirement needs. Dependable, recurring dividends—especially monthly payouts—provide practical cash flow aligned with monthly obligations. A portfolio of ultra-high-yield monthly dividend stocks can produce meaningful monthly and annual income, though these holdings typically carry higher risk.

Read at 24/7 Wall St.