Passive income is any income that is earned without actively working for it. One great way to earn passive income is through dividend-paying stocks. Dividend-paying stocks are stocks that pay out a portion of their earnings to shareholders. This can provide a steady stream of income without having to sell the stock for capital gains. In this post, we will discuss the top dividend-paying stocks for passive income.
1. AT&T (T) – AT&T is a telecommunications giant that has been paying dividends for over 30 years. With a current dividend yield of around 7%, AT&T is a great stock to own for passive income.
2. Johnson & Johnson (JNJ) – Johnson & Johnson is a healthcare company that has been paying dividends for over 50 years. With a current dividend yield of around 2.8%, Johnson & Johnson is a stable and reliable stock for passive income.
3. Exxon Mobil (XOM) – Exxon Mobil is a multinational oil and gas corporation that has been paying dividends for over 100 years. With a current dividend yield of around 6%, Exxon Mobil is a great stock to own for passive income.
4. Procter & Gamble (PG) – Procter & Gamble is a consumer goods company that has been paying dividends for over 100 years. With a current dividend yield of around 2.5%, Procter & Gamble is a stable and reliable stock for passive income.
5. Coca-Cola (KO) – Coca-Cola is a beverage company that has been paying dividends for over 50 years. With a current dividend yield of around 3.2%, Coca-Cola is a great stock to own for passive income.
6. McDonald’s (MCD) – McDonald’s is a fast food company that has been paying dividends for over 40 years. With a current dividend yield of around 2.2%, McDonald’s is a stable and reliable stock for passive income.
7. Realty Income (O) – Realty Income is a real estate investment trust (REIT) that has been paying dividends for over 50 years. With a current dividend yield of around 4.2%, Realty Income is a great stock to own for passive income.
In conclusion, dividend-paying stocks can provide a great source of passive income. By investing in reliable and stable companies with high dividend yields, investors can earn a steady stream of income without having to actively work for it. The above-mentioned stocks are some of the top dividend-paying stocks for passive income that investors can consider.
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