The firm is America’s largest energy company and has long been known as the rock-solid operator in the space. Source: Jonathan Weiss / Įxxon Mobil (NYSE: XOM) is a great place to start adding the best dividend stocks for passive income to your portfolio. And, to make matters better, all seven of these best dividend stocks for passive income offer a starting yield of at least 3.0% today. With that proven track record, Dividend Aristocrats offer steady and reliable income in these uncertain times. These firms have raised their annual payment every year through the 9/11 attacks, the 2008 financial crisis, and the recent pandemic. That’s especially welcome in times such as now when stock prices have been in a prolonged slump.ĭividend Aristocrats (companies that have increased their dividends for at least 25 consecutive years) are a particularly good hunting ground for passive income investors. The best dividend stocks for passive income are an ideal form of that partnership, as they return steady (and ideally increasing) income to their owners each and every year. Many investors have started to focus on profits, instead of revenue growth, above all else.Īnd, at the end of the day, a company’s primary purpose is to generate shareholder wealth. Previously hot trends such as cryptocurrency, cloud stocks and electric vehicles lost a great deal of appeal. 2022 caused folks to doubt many preconceived notions. The new year is here, and many investors are switching up their strategies. Dividend stocks are getting hot again so it makes sense to look for the best dividend stocks for passive income.
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