3 Safe Dividend Stocks That Generate Passive Income
Raging bull markets have a habit of rewarding growth and flare, and discounting value. When times are good, risk appetite grows as investors search for the next big thing. But in a bear market, safe stocks can be an investor's best friend.
Investing in equal parts of Watsco (NYSE: WSO), Air Products and Chemicals (NYSE: APD), and United Parcel Service (NYSE: UPS) gives an investor an average dividend yield of 3.2%. After a period of five years, an investor could expect a $10,000 investment to earn at least $1,500 in passive dividend income. These three Motley Fool contributors reveal what they think makes each dividend stock a great buy now.
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Source Fool.com
