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Want $1,000 In Passive Income? Invest $10,000 in These 3 Dividend Aristocrats and Wait 4 Years

·5 min read
Want $1,000 In Passive Income? Invest $10,000 in These 3 Dividend Aristocrats and Wait 4 Years
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The U.S. stock market had another brutal week with all three major indices at or near their year-to-date lows as inflation worries and valuation concerns combined with Russia-Ukraine uncertainty. Each week, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite ended the week lower than they started. Investing by equal parts in Caterpillar (NYSE: CAT), Chevron (NYSE: CVX), and Walmart (NYSE: WMT) stock gives an investor an average dividend yield of 2.7% and exposure to the industrials sector, the energy sector, and the consumer staples sector.