Identifying high-quality businesses that send investors cash every single quarter is a great way to allocate your capital.
Instead of always chasing the popular growth stocks, definitely an exciting game to play, perhaps it’s time to focus part of the portfolio on an income-generating strategy. Most investors are without a doubt familiar with one of the top companies that can satisfy this requirement.
If you invest $10,000 in this blue chip dividend stock, you will be able to collect a passive income stream of $241 per year from the nearly 114 shares that you’d own. And that windfall is going to grow consistently in the future.
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Rising payouts quench shareholders’ thirst for income
The business that can make you $241 with a $10,000 capital outlay is none other than Coca-Cola (KO -0.83%). The quarterly payout is $0.53. And it pays a dividend yield of…
