Want Passive Income? Try These 3 Dividend Stocks

The economy has experienced a slowdown for two consecutive quarters this year amid the rising interest rate environment. While the decline in inflation in July from the multi-decade high level provides investors some relief, the 8.5% CPI level is still uncomfortable for policymakers. Elevated inflation and a red-hot job market could push the Fed to maintain its hawkish policy stance. So, the market is expected to remain volatile.

Given this backdrop, dividend stocks have been gaining popularity among investors as they offer a steady passive income stream. Therefore, investors looking to generate passive income could consider adding stocks AbbVie Inc. (ABBV), Emerson Electric Co. (EMR), and Becton, Dickinson and Company (BDX) to their portfolios. These stocks have consistently increased their dividends for several years.

Source: Entrepreneur

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