2 Great Passive Income Stocks to Buy for 2024

Passive income isn't hard to find in the stock market. Dividend stocks provide truly passive cash flow in the form of quarterly or annual payments that often increase with each passing year. Income investors can also use those regular payments to supercharge overall returns if they choose to automatically reinvest them. That way, you can accumulate more shares during market downturns and fewer shares when stocks are rallying.

Many dividend stocks have climbed higher in the past year, partly thanks to those appealing qualities. But several still seem like attractive options for income investors. Let's look at a few reasons to like (NASDAQ: AAPL) and Coca-Cola (NYSE: KO) today.

Don't let Apple's relatively modest dividend yield scare you away from this excellent stock. Sure, the roughly $4 per share in total quarterly payments translates into just a 0.5% yield based on today's stock price. But Apple maintains one of the market's biggest capital return programs. In the past year, the tech giant has sent $15 billion to shareholders through dividend payments in addition to nearly $80 billion of stock buyback spending.

Continue reading

Source Fool.com