This No-Brainer ETF Can Turn $500 Per Month Into $20,000 in Annual Dividend Income

Building a portfolio of dividend stocks that can pay out thousands of dollars per year in passive income doesn't have to be difficult. A single exchange-trade fund (ETF) can handle all the difficult bits of selecting quality dividend-payers with potential to increase payouts every year. And if you invest part of your paycheck into it every month, you could amass a portfolio paying out over $20,000 in annual dividend income by the time you retire.Not all dividend ETFs are created equal, though. Some simply select the highest-yield dividend stocks from a certain index. Others charge an arm and a leg for a fund manager to ensure you only buy the highest-quality dividend stocks. But the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) offers quality stocks with a low expense ratio.Here's how investing $500 per month into the Schwab ETF could generate $20,000 in annual dividends for your portfolio.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool