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Want $1,500 in Passive Income? Invest $10,000 in These 3 Dividend Aristocrats and Wait 5 Years

Want $1,500 in Passive Income? Invest $10,000 in These 3 Dividend Aristocrats and Wait 5 Years

When the stock market is red-hot and showing no signs of slowing down, a dividend payment here and there seems like a drop in the bucket. Investing in equal parts of ExxonMobil (NYSE: XOM), PPG Industries (NYSE: PPG), and Stanley Black & Decker (NYSE: SWK) gives an investor a dividend yield of 3%. Over a period of five years, you can expect a $10,000 investment in this basket to produce $1,500 of passive income.