3 Elite Dividend Stocks Yielding 3% (or More) That Are Ideal for Passive Income
Investing in dividend stocks is one of the easiest ways to generate passive income. Some companies have such excellent track records of paying sustainable and growing dividends that their investors can buy and hold them for years without paying much attention.
Three companies with elite dividend track records are Chevron (NYSE: CVX), Consolidated Edison (NYSE: ED), and National Retail Properties (NYSE: NNN). Add in their higher dividend yields of at least 3% -- roughly double the S&P 500's 1.6% dividend yield -- and they're ideal for those seeking to earn passive income.
Oil giant Chevron delivered its 35th consecutive year of increasing its dividend earlier in 2022. That puts the S&P 500 member into the elite class of Dividend Aristocrats. It's one of only two oil stocks in that group.
Source Fool.com
