Best 73 Dividend Stocks for Passive Income - 2024
Investing in dividend stocks is one of the most effective ways to generate consistent, passive income over time. The best dividend stocks for passive income are those from companies with a strong history of regular payouts and solid financials, ensuring reliability even during market fluctuations. These stocks allow investors to earn income without having to sell shares, making them ideal for long-term wealth-building strategies. We’ll explore some of the top dividend stocks for passive income, highlighting why they are particularly appealing to investors seeking steady returns, portfolio stability, and the potential for capital appreciation.
| Stock | Dividend Yield | Pay-out Ratio | P/E Ratio | P/B Ratio | ROE | 5y Dividend Growth | 10y Dividend Growth |
|---|---|---|---|---|---|---|---|
| Johnson & Johnson | 3.37% | 79.71% | 23.91% | 5.00% | 0.21% | 5.83% | 6.14% |
| Procter & Gamble | 2.34% | 66.12% | 27.80% | 7.68% | 0.29% | 5.63% | 4.67% |
| Coca-Cola | 3.09% | 78.28% | 26.03% | 10.22% | 0.40% | 3.36% | 5.09% |
| PepsiCo | 3.49% | 75.99% | 22.42% | 10.79% | 0.49% | 6.63% | 8.24% |
| 3M | 2.58% | 55.40% | 16.35% | 15.46% | 0.96% | -0.66% | 7.56% |
| Exxon Mobil | 3.61% | 47.99% | 14.09% | 1.77% | 0.14% | 2.64% | 4.11% |
| Chevron | 4.53% | 70.19% | 15.52% | 1.66% | 0.10% | 6.16% | 4.47% |
| AT&T | 4.84% | 90.45% | 18.25% | 1.61% | 0.09% | -11.11% | -4.72% |
| Verizon | 6.71% | 114.26% | 17.15% | 1.74% | 0.10% | 2.02% | 2.37% |
| Realty Income | 5.89% | 291.48% | 52.57% | 1.20% | 0.02% | 3.00% | 3.46% |
| Altria | 5.57% | 66.57% | 8.85% | -26.26% | -2.72% | 5.06% | 7.63% |
| Duke Energy | 3.80% | 92.18% | 19.46% | 1.71% | 0.09% | 2.24% | 2.77% |
| Southern | 3.45% | 63.19% | 19.26% | 2.73% | 0.15% | 3.16% | 3.28% |
| Pfizer | 6.29% | 221.76% | 35.53% | 1.64% | 0.05% | 3.82% | 5.50% |
| AbbVie | 3.45% | 212.79% | 62.10% | 52.73% | 0.66% | 10.52% | 13.98% |
| McDonald's | 2.31% | 58.34% | 25.56% | -40.70% | -1.69% | 8.26% | 7.16% |
| IBM | 2.97% | 95.65% | 32.28% | 8.45% | 0.27% | 1.32% | 6.01% |
| General Mills | 3.73% | 51.79% | 13.64% | 3.86% | 0.28% | 2.89% | 4.76% |
| Caterpillar | 1.47% | 24.61% | 16.67% | 9.18% | 0.58% | 8.80% | 11.26% |
| Kimberly-Clark | 3.69% | 62.10% | 17.02% | 34.53% | 2.38% | 3.37% | 3.83% |
| Clorox | 2.97% | 167.23% | 56.67% | 337.20% | 2.68% | 5.05% | 5.83% |
| Intel | 1.84% | -13.32% | -5.49% | 0.88% | -0.15% | -9.22% | -1.94% |
| Amgen | 3.40% | 112.70% | 33.58% | 18.87% | 0.68% | 10.04% | 16.31% |
| Cisco Systems | 2.66% | 68.09% | 25.42% | 5.27% | 0.21% | 3.90% | 11.76% |
| Merck & Co | 3.14% | 63.72% | 20.73% | 5.66% | 0.29% | 8.26% | 5.52% |
| NextEra Energy | 2.83% | 59.48% | 21.54% | 2.99% | 0.14% | -15.88% | -3.39% |
| S&P Global | 0.72% | 32.01% | 44.22% | 4.62% | 0.10% | 12.47% | 12.39% |
| BlackRock | 1.93% | 50.26% | 25.70% | 3.79% | 0.15% | 10.72% | 11.52% |
| Texas Instruments | 2.73% | 95.39% | 35.39% | 10.17% | 0.29% | 13.80% | 16.72% |
| Honeywell International | 1.91% | 50.54% | 26.20% | 8.55% | 0.34% | 6.42% | 9.52% |
| Linde | 1.31% | 40.92% | 31.86% | 5.19% | 0.16% | 9.10% | 7.83% |
| Johnson Controls International | 1.76% | 58.65% | 32.75% | 3.47% | 0.11% | 7.17% | 8.84% |
| Colgate-Palmolive | 2.14% | 56.15% | 26.33% | 173.67% | 8.21% | 2.85% | -0.36% |
| Walgreens Boots Alliance | 11.30% | -14.59% | -0.89% | 0.73% | -0.53% | 2.71% | 4.99% |
| Automatic Data Processing | 1.41% | 58.20% | 31.53% | 22.69% | 0.82% | 12.96% | 11.18% |
| American Tower | 3.55% | 276.77% | 77.72% | 23.70% | 0.28% | 15.41% | 19.35% |
| Crown Castle | 6.88% | 222.15% | 32.24% | 7.47% | 0.21% | 7.93% | 0.00% |
| Target | 3.35% | 46.70% | 13.99% | 4.22% | 0.31% | 11.59% | 10.68% |
| Walmart | 0.90% | 33.23% | 37.77% | 8.43% | 0.23% | 1.85% | 1.95% |
| Lockheed Martin | 2.61% | 45.66% | 17.37% | 16.10% | 0.99% | 8.18% | 9.78% |
| UPS | 5.16% | 95.08% | 19.01% | 6.39% | 0.33% | 12.23% | 10.08% |
| Home Depot | 2.27% | 60.05% | 26.87% | 67.85% | 4.47% | 15.20% | 18.28% |
| Lowe's | 1.80% | 37.18% | 20.70% | -10.57% | -0.48% | 19.29% | 20.25% |
| American Electric Power | 3.85% | 71.42% | 18.81% | 1.85% | 0.10% | 5.90% | 5.62% |
| Consolidated Edison | 3.71% | 59.16% | 16.82% | 1.42% | 0.09% | 2.53% | 2.79% |
| Dominion Energy | 4.97% | 91.87% | 18.57% | 1.64% | 0.09% | -4.38% | 1.73% |
| Public Service Enterprise | 2.05% | 58.12% | 21.54% | 2.72% | 0.13% | 4.84% | 4.70% |
| Kinder Morgan | 4.19% | 100.24% | 23.90% | 2.00% | 0.08% | 9.19% | -23.12% |
| Enbridge | 6.93% | 122.28% | 19.65% | 1.99% | 0.10% | 4.74% | 7.60% |
| Chubb | 1.30% | 14.19% | 11.17% | 1.70% | 0.16% | 3.29% | 0.42% |
| Travelers Companies | 1.71% | 20.76% | 12.16% | 1.99% | 0.18% | 5.34% | 7.20% |
| Aflac | 1.94% | 27.72% | 15.10% | 2.32% | 0.16% | 5.26% | 1.70% |
| Principal Financial | 3.66% | -316.21% | -87.09% | 1.60% | -0.02% | 4.36% | 10.25% |
| Prudential Financial | 4.36% | 45.82% | 10.37% | 1.40% | 0.14% | 6.79% | 11.20% |
| General Dynamics | 2.10% | 41.22% | 20.05% | 3.18% | 0.17% | 7.54% | 12.00% |
| Northrop Grumman | 1.71% | 49.22% | 29.00% | 4.67% | 0.16% | 9.33% | 11.92% |
| Raytheon Technologies | 2.13% | 67.44% | 32.91% | 2.54% | 0.08% | -3.93% | 0.56% |
| Bristol-Myers Squibb | 4.09% | -66.20% | -16.40% | 6.95% | -0.36% | 7.34% | 2.62% |
| Medtronic | 2.56% | 84.54% | 24.39% | 2.16% | 0.09% | 13.50% | 9.60% |
| Bristol-Myers Squibb | 4.09% | -66.20% | -16.40% | 6.95% | -0.36% | 7.34% | 2.62% |
| Eaton | 1.10% | 39.12% | 35.99% | 7.09% | 0.20% | 5.44% | 7.43% |
| Stanley Black & Decker | 3.80% | -229.58% | -60.66% | 1.46% | -0.02% | 4.53% | 4.98% |
| Illinois Tool Works | 2.08% | 48.42% | 23.49% | 23.93% | 1.12% | 8.77% | 12.98% |
| Union Pacific | 2.30% | 48.15% | 21.01% | 8.41% | 0.42% | 11.19% | 5.80% |
| Waste Management | 1.46% | 45.06% | 31.21% | 10.33% | 0.36% | 8.52% | 6.73% |
| Roper Technologies | 0.55% | 21.26% | 39.83% | 3.18% | 0.08% | 10.60% | 18.62% |
| T. Rowe Price | 4.24% | 53.90% | 12.41% | 2.54% | 0.21% | 11.75% | 12.37% |
| Franklin Resources | 5.94% | 141.22% | 23.19% | 0.86% | 0.04% | -24.71% | 1.18% |
| Charles Schwab | 1.34% | 44.16% | 26.56% | 2.90% | 0.12% | 11.13% | 15.34% |
| American Express | 0.89% | 19.64% | 21.69% | 7.22% | 0.34% | 10.01% | 10.43% |
| Intercontinental Exchange | 1.20% | 42.07% | 35.56% | 3.17% | 0.09% | 11.84% | 9.96% |
| Coca-Cola Europacific Partners | 2.57% | 53.70% | 21.33% | 4.03% | 0.20% | 9.52% | 9.43% |
| General Motors | 0.90% | 5.69% | 5.39% | 0.84% | 0.16% | -25.03% | 0.00% |