Want $7,000 in Passive Income? Buy These 3 Dividend Stocks Today
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For retirees, the hardest part of giving up a paycheck is losing its rhythm. Selling shares to cover monthly bills works fine in a rising market, but in a downturn it forces sales at the worst prices and shrinks the portfolio that has to last for decades. Dividend income works differently. The shares stay in the account, and the companies send cash on their own schedule, whatever the market is doing.
Here’s what investing $100,000 in each of these three dividend payers would generate in annual income. Spread across a $300,000 total investment, the three positions together would produce more than $7,000 a year in dividends, based on each company’s current forward dividend rate and share price as of November 10, 2026.
The group leans defensive: a biotech that is a Dow component, the largest Coca-Cola bottler by revenue, and a regulated electric utility in Kansas and Missouri. All three raised their payouts in 2026. Their yields sit below ultra-high-yield territory, so the trade-off is dividend growth and coverage in exchange for less current income per dollar. Stocks appear in countdown order, from the lowest yield to the highest.
3. Amgen: A Dow Biotech That Keeps Raising Its Payout
- Forward Yield: 2.18%
- Shares for $100,000: 216.34
- Annual Passive Income: ~$2,180.69
Amgen (NASDAQ:AMGN | AMGN Price Prediction) discovers, develops, manufactures, and sells medicines across general medicine, rare disease, inflammation, and oncology. It is building an obesity position led by MariTide, its monthly GLP-1/GIPR candidate now in a broad Phase 3 program. Third-quarter revenue came in at $10.365 billion, up 8.4% year over year and ahead of the $10.07 billion consensus, while non-GAAP EPS of $6.45 beat the $5.78 estimate. Repatha grew 37% to $1.085 billion, and Uplizna rose 191%. CEO Robert A. Bradway said, “Amgen delivered another strong quarter as our strategy for long-term growth continued to produce results across the enterprise.”
The yield comes from a mature, cash-rich drugmaker that returns a large share of its profits. The quarterly dividend rose to $2.52 from $2.38, continuing a steady climb from $0.28 in 2011. The yield looks modest mainly because the stock is up 44.11% year to date, to $462.24.
Coverage is strong. The $10.08 forward dividend works out to about 43% of the midpoint of 2026 non-GAAP EPS guidance of $22.90 to $23.70. Risks include biosimilar erosion, with Prolia down 45% and Xgeva down 47%, plus $54.0 billion of debt. As of June 30, 2026, D.E. Shaw held 1,290,217 shares, and Two Sigma held 1,128,681.
2. Coca-Cola Europacific Partners: Cash Flow Backing a Growing Dividend
- Forward Yield (2026 declared semiannual payments): 2.19%
- Shares for $100,000: 859.03
- Annual Passive Income: ~$2,189.71
Coca-Cola Europacific Partners (NASDAQ:CCEP) makes, moves, and sells Coca-Cola (NYSE:KO) brands to nearly 600 million consumers across 31 countries in Europe, Australia, the Pacific, and Southeast Asia. Third-quarter revenue of $6.45 billion beat the $5.67 billion consensus, with comparable volume up 3.5%. Energy volume rose 17.3%, and Coca-Cola Zero Sugar gained 9.7%.
The yield reflects a mature bottler paying out about 50% of earnings. Dividends are paid twice a year, with the second payment larger: $0.96 in May and $1.589037 payable December 3, 2026. Doubling the latest payment would overstate the run rate, so the yield above uses the combined $2.549037. Management sets the full-year dividend at €2.24, which means the dollar amount U.S. holders receive moves with exchange rates.
Free cash flow backs the payout. 2026 guidance calls for comparable free cash flow of at least €1.7 billion alongside a €1 billion buyback, about €880 million of which was completed by October 30. CEO Damian Gammell said the company’s “performance is driving strong and profitable cash generation, supporting record investment in future growth… a growing dividend and ongoing share buybacks.” Balyasny opened a new 539,454-share position as of June 30, 2026.
1. Evergy: Data Center Demand Powers the Highest Yield
- Forward Yield: 3.32%
- Shares for $100,000: 1,147.97
- Annual Passive Income: ~$3,317.64
Evergy (NASDAQ:EVRG) is a regulated electric utility serving about 1.7 million customers in Kansas and Missouri, earning returns through regulated rates that recover invested capital. Data centers are driving its growth. Three signed contract amendments should add about 250 MW of load, and a letter of intent with Digital Realty (NYSE:DLR) covers a 1.4 GW project.
The yield, the highest of the three, comes from the regulated utility model: a growing rate base produces predictable cash flows that support a steady payout. The board just raised the quarterly dividend to $0.7225 from $0.695, a 4% increase payable December 18, 2026, to holders of record on November 20.
Earnings momentum supports the dividend. Third-quarter adjusted EPS of $2.58 beat the $2.32 consensus, and 2026 guidance rose to $4.35 to $4.50 from $4.14 to $4.34. The $2.89 forward dividend equals about 65% of the guidance midpoint, above the 50% to 60% long-term target. Bringing it back into range depends on management’s targeted 6% to 8%+ annual EPS growth through 2030. Heavy spending on new generation, battery storage, and transmission is the main thing to watch.
Three Positions, One Steady Income Stream
| Name | Forward Yield | Annual Dividend Income |
|---|---|---|
| Amgen | 2.18% | $2,180.69 |
| Coca-Cola Europacific Partners | 2.19% | $2,189.71 |
| Evergy | 3.32% | $3,317.64 |
| Total | 2.56% | $7,688.04 |
Together, these three holdings produce $7,688.04 in annual income on a $300,000 investment, a blended yield of 2.56%. Evergy contributes $3,317.64, Coca-Cola Europacific adds $2,189.71, and Amgen provides the remaining $2,180.69.
Over a long retirement, the figure that matters most is how fast the income grows. All three companies raised their dividends in 2026, so each year’s checks buy more shares when reinvested, and those shares then pay dividends of their own. An investor who reinvests early and switches to taking cash later gets a much larger income stream from the same starting capital. (We outlined a full plan for turning a mid-six-figure balance into monthly income in a free report here.)
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Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad, diverse career, including a stint as creative services director at an NBC affiliate in Austin, Texas, gives him unique insight into the financial industry.
Lee Jackson's journey in the financial industry spans more than 30 years, including nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career spanned pivotal sell-side Wall Street events, from the dot-com rise and bubble to the Long-Term Capital Management debacle, 9/11, and the Great Recession of 2008. This reflects his resilience and adaptability amid market volatility.
Lee Jackson’s practical financial industry experience, gained through a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing across various platforms. This unique combination allows him to shed light on the intricacies of Wall Street in a way only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.
Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.
