Coca-Cola currently pays a $0.485 quarterly dividend. That works out to an annual dividend of $1.94 a share. To receive $1,000 in dividends, you'll have to purchase 516 shares.

Investors are encouraged to accumulate shares of solid dividend stocks like BMO stock on market pullbacks. The post Invest $7,000 in This Dividend Stock for $367 in Passive Income appeared first on The Motley Fool Canada.

We recently compiled a list of the 7 Best Stocks to Buy for Passive Income. In this article, we are going to take a look at where Realty Income Corporation (NYSE:O) stands against the other good stocks to buy for passive income.

Chevron's latest quarterly dividend of $1.63 per share amounts to an annualized dividend of $6.52 a share. That means at the stock's current trading price of around $139 apiece, you can earn an annual dividend income of $1,000 if you buy 154 shares, or invest roughly $21,400 in Chevron stock now.