Loading up on passive income stocks is a great way to ride out a bear market. Reliable cash distributions are a proven way to minimize losses, and elite dividend stocks tend to be among the first to recover following marketwide downturns. 

Which top-tier passive income stocks should investors consider buying right now? Amgen (NASDAQ: AMGN) and Bristol Myers Squibb (NYSE: BMY) are two blue chip biopharmaceutical companies with ample free cash flow and a strong track record of raising their dividends on a regular basis. Here's why investors may want to add these two names to their portfolios soon.

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Source Fool.com