Most dividend investors seek solid passive income streams from quality dividend stocks. Passive income is a steady stream of unearned income that doesn’t require active traditional work.
The S&P 500 is up 23% in 2024, so we decided to screen the dividend stocks, looking for companies that could provide investors with solid passive income streams and pay the biggest dividends in the legacy index. We found five companies that growth and income investors should grab now. These stocks are not just bargains; they are steals, and with rates lowered this year and possibly until 2026, they should be snapped up in a heartbeat. All are rated Buy at top Wall Street firms.
This post originally appeared at 24/7 Wall St.