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. Dependable recurring dividends from quality, high-yield stocks are a recipe for success, especially when those dividends are paid monthly.
We screened our 24/7 Wall Street research database for quality stocks rated Buy at major Wall Street firms that come with monthly dividends. Five seem like great ideas for baby boomer passive income-oriented investors seeking upside appreciation.
This post originally appeared at 24/7 Wall St.