Dividend Stocks Offer Lower Maintenance Path to Passive Income
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Buying rental properties requires ongoing work like managing tenants and repairs, dividend stocks provide truly passive income.
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Altria raises cigarette prices to offset declining volumes, sells assets, and buys back shares to boost dividends. At current yield of 8.58%, a $25K investment gives $2,145 in annual dividend income.
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British American Tobacco sells cigarettes globally and grows new nicotine product lines. At current 9.37% dividend yield, a $25K investment gives $2,342.50 in annual dividends.
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Combined $50K investment in Altria and British American Tobacco could generate around $4,500 in annual passive dividend income.
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Dividend stocks require less work than rental properties to generate passive income from savings.