Suppose you combine passive income from dividends, social security payments, and retirement plan distributions, then you may have a diversified income stream to fund your retirement.
Companies that pay a part of their earnings to stockholders are known as dividend stocks. The payment is a dividend and is a return of cash to shareholders.
Verizon (VZ) is number one on this list for two reasons: an excellent dividend yield combined with good dividend safety. First, most investors know about Verizon. The company is a cell phone giant with one of the largest US networks.
In our opinion, no list of dividend stocks is complete without Microsoft (MSFT). Almost every investor knows about Microsoft. The company’s signature products and services include Windows, MS Office, Xbox, LinkedIn, Bing, Outlook, Azure, and more.