If you've got money available to invest, building a portfolio of high-quality dividend stocks can be a great way to generate passive income and also open the door for capital gains. For income-seeking investors, (NYSE: VZ) and Home Depot (NYSE: HD) could be big winners. 

The two stocks sport dividend yields of 8% and 2.6%, respectively. As such, splitting an investment of $100,000 evenly between them would give you an average yield of 5.3%, giving you about $5,300 in passive income in the coming year. Two Motley Fool contributors think that's just the beginning of the reasons why making these stocks the foundation of a dividend portfolio could be a smart move. Here's what they had to say about these two passive income producers.

Keith Noonan: Even though the broader market rallied in 2023, Verizon still managed to slide roughly 19% year to date. At approximately $32 per share, the stock is trading at a 10-year low.

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Source Fool.com