These days, investors, especially those nearing retirement, seek passive income streams to supplement social security, pension income, or qualified retirement account withdrawals.
We screened our 24/7 Wall St. passive income stock database search for companies trading under $30 that offer some of the highest and safest dividends and came across five must-own stocks that make sense now. All are rated Buy at major Wall Street firms.
This post originally appeared at 24/7 Wall St.