From The Motley Fool · David Dierking · · 40s
Vanguard ETF Generates $1,000 Monthly Dividend
Invest $522,000 in Vanguard High Dividend Yield ETF for $1,000 monthly passive income.
In brief
Invest $522,000 in Vanguard High Dividend Yield ETF for $1,000 monthly passive income. The Vanguard High Dividend Yield ETF (VYM) at 2.3% yield requires $522,000 investment to generate $1,000 monthly dividend income. Originally reported by The Motley Fool.
What is the Vanguard High Dividend Yield ETF
The Vanguard High Dividend Yield ETF targets stocks with above-average yields for regular income.
How much to generate $1,000 monthly
At its current 2.3% yield, $522,000 investment generates $1,000 monthly dividend income.
Investment strategy for passive income
Reinvest dividends regularly to build shares over time without needing large upfront capital.
The bottom line
The Vanguard High Dividend Yield ETF (VYM) at 2.3% yield requires $522,000 investment to generate $1,000 monthly dividend income.
