Want $500 in Passive Income? Buy 75 Shares of This Super-Safe Dividend Stock

Want $500 in Passive Income Buy 75 Shares of This Super-Safe Dividend Stock

If you’re looking for a smart investment opportunity that can provide you with some passive income, then look no further. We’ve got the perfect stock for you to consider. The super-safe dividend stock, a proven industry performer.

According to Fool.com contributor Parkev Tatevosian, buying 75 shares of this dividend stock can help you earn $500 in passive income. That’s right, $500 without doing anything except buying the shares and holding onto them for the long term.

But you might wonder which stock we’re talking about. Let’s reveal the secret – it’s McDonald’s. Yes, the fast-food chain that’s been around for decades has been proven to be a solid investment for those looking for passive income.

However, before investing, note that the Motley Fool Stock Advisor analyst team doesn’t consider McDonald’s as one of the top 10 stocks to buy right now. That being said, it’s still a solid investment that has the potential to provide you with long-term passive income thanks to its impressive dividend yield.

When publishing, the stock trades at around $218 per share, meaning buying 75 shares would cost you approximately $16,350 before brokerage fees. But with a dividend yield of approximately 2.4%, you can expect to receive an annual payout of around $394.50, close to the $500 mark we mentioned earlier.

Besides the dividend yield, McDonald’s has been a consistent performer in the industry, with a great track record of growth and success. It’s a well-known brand loved by millions of customers worldwide, so there will always be a demand for its burgers and fries.

So, if you’re looking for a safe investment opportunity that can provide you with passive income, buying 75 shares of McDonald’s might be just what you’re looking for. Do your due diligence, and speak to your financial advisor before investing.

Source: https://finance.yahoo.com/news/want-500-passive-income-buy-142203794.html