Passive income is what a lot of investors are looking for right now and it’s easy to see why. When generating this powerful form of income, investors typically have a lot more financial flexibility. The good news is that today, literally anyone can generate passive income by investing in dividend stocks. With that in mind, here’s a look at a simple three-stock portfolio that could potentially generate around £840 in annual income (tax-free if it’s in an ISA) from a total outlay of £10k. Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions. The first stock in my hypothetical income portfolio is insurance and investment management company Legal & General (LSE: LGEN). Legal & General has paid out some monster dividends in recent years and analysts expect this trend to continue in the near term. For 2024, the company is expected to...