Passive income is characterized by its ability to generate revenue without requiring the earner’s continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence.
We have covered passive income dividend stocks for over 15 years here at 24/7 Wall St., and year in and year out, five quality companies that have paid reliably remain among our best ideas for those seeking dependable dividends. All are rated Buy at top Wall Street firms, and all are must-own stocks for investors looking to buy quality companies and own them forever.
This post originally appeared at 24/7 Wall St.