Boomers and Gen X Love Passive Income From 5 of the Safest Monthly Dividend Stocks

"Passive income can help cover rising costs, making it easier for investors to set aside money for future needs as they prepare or enter retirement."

"A steady stream of passive monthly income can be a huge help in meeting those obligations, especially in a world where prices are consistently rising."

"Since 1926, dividends have accounted for approximately 32% of the S&P 500's total return, while capital appreciation has accounted for 68%."

"A study by Hartford Funds found that dividend stocks delivered an annualized return of 9.18% over the 50 years from 1973 to 2023, more than double the annualized return for non-payers."

Passive income is revenue generated without continuous effort, making it appealing for diversifying income streams and achieving financial independence. Monthly dividends from quality stocks can help cover regular expenses, especially in an inflationary environment. A steady stream of passive income is beneficial for meeting monthly obligations like rent and utilities. Historical data shows dividends significantly contribute to total returns, with dividend stocks outperforming non-payers over the long term. Companies like Agree Realty exemplify solid investment opportunities for passive income-oriented investors.

Read at 24/7 Wall St.