2 Dividend Stocks With Huge Passive Income Potential
Runaway inflation may have you feeling down at the moment, but there's something you can do now that will provide you with an income stream that outpaces inflation. Buying dividend-paying stocks that can raise their payouts at a satisfactory rate is a tried and true way to prepare for your retirement, and it's never too early to start.
Both of these businesses have a long history of sharing their profits with their shareholders in the form of dividends. Best of all, there's a good chance that they can keep making and raising their payouts for decades to come.
The COVID-19 vaccine Johnson & Johnson (NYSE: JNJ) licensed from Oxford University didn't perform as well as vaccines from Pfizer or Moderna, but this isn't a reason to avoid the stock. Investors seeking passive income love this company because of its well-diversified collection of healthcare-related businesses. This conglomerate also generates reliable cash flows that it shares with investors in the form of a dividend that offers a 2.5% yield at the moment.
Source Fool.com
