Top 5 Dividend Stocks for Passive Income

Are you interested in the best dividend stocks for passive income? Great! We are here to share Insider Monkey’s latest article with you. In the past fifty years many things have changed, what’s more the pace of life have accelerated, and we can hardly keep up with the changes. All this affected our lives, and we are forced to adapt changes, including the decisions of our investments. In the past twenty years, several complex assets have appeared in the markets. Currently, you can find thousands of companies and large number of instruments to invest. Earlier if you wanted steady returns, you invested in long-term bonds, and you surely were satisfied with the results. But in nowadays, you can lose with the long-term government bonds due to the inflation. Ir you read through the entire article and keep the advice, if you invest in these dividend stocks, you will gain increasing annual dividend payments.

After all this introduction, you may be eager to know which are the best dividend stocks for passive income. On the fourth spot of the compilation, here’s General Dynamics (NYSE: GD). General Dynamics operates in the Aerospace & Defense Industry. The pandemic made its results on this industry as well, but GD was able to decrease the damage. It’s among the largest American defence companies, and is one of the leaders in the global market. The stocks of General Dynamics currently trades as $148.36 and have a trailing P/E of 13.5. GD is followed by ExxonMobil Corp. (NYSE: XOM) on the second spot. Exxon Mobil operates in the Oil, Gas and Consumable Fuels industry. It was founded 135 years ago, and during his long standing history it grew from a regional trader to one of the largest energy companies across the globe. Actually, due to the impact of the pandemic, the worth of Exxon Mobil shares decreased in the third quarter of the year, and it lost around half of its market cap but the company’s dividends have increased in the past 37 years. To gain more useful and edifying information, please check out the list of the top dividend stocks for passive income.

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