5 Passive Income Monthly Pay Dividend All-Stars Every Boomer Should Own

"Passive income is a steady stream of unearned income that doesn't require active traditional work. Shared ideas for earning passive income include investments such as dividend stocks, bonds, and mutual funds, as well as real estate and additional income-producing side hustles. According to the Internal Revenue Service (IRS), passive income generally includes earnings from rental activity or any trade, business, or investment in which the individual does not materially participate."

"A monthly check from your stock portfolio makes sense for most people with bills and expenses due every 30 days, especially in a world where prices are consistently rising. Items like mortgage payments or rent, utility bills, cell phone and internet bills, trash collection, and even grocery bills are always due each month, and a steady stream of passive monthly income can be a huge help in meeting those obligations."

"We screened our 24/7 Wall Street research database for quality companies rated Buy at major Wall Street firms that paid monthly dividends. Five seem like great ideas for Baby Boomer passive income-oriented investors seeking upside appreciation. They are also regarded as among the safest monthly pay companies, one of which has paid dividends for over 30 years, and all of these top companies have a Buy rating at top Wall Street firms that we cover."

Passive income is a steady stream of unearned income that does not require traditional active work. Common passive income sources include dividend stocks, bonds, mutual funds, real estate, and income-producing side hustles. The Internal Revenue Service defines passive income to include rental activity or any trade, business, or investment in which the individual does not materially participate. Monthly dividend payments align with recurring monthly obligations such as mortgage, rent, utilities, and groceries and help counter rising prices. Screening of a research database identified five quality monthly-dividend companies rated Buy, one with a 30-plus year dividend record. Since 1926, dividends have contributed about 32% of S&P 500 total returns, and a Hartford/Ned Davis Research study found dividend stocks returned an annualized 9.18% from 1973 to 2023.

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