There are plenty of ways to generate passive income, from risk-free assets to bonds to income from rental properties. But one of the simplest and most effective means of generating income is to invest in dividend stocks, while provide passive income without the need to sell an asset, while also allowing you to participate in the stock market.

Finding a company that can grow in value while distributing dividend payments is a dream come true for long-term investors. And that's exactly what (NASDAQ: MSFT) and Air Products and Chemicals (NYSE: APD) are.

Meanwhile, the J.P. Morgan Equity Premium Income ETF (NYSEMKT: JEPI) yields a whopping 7.6% and includes exposure to top companies from Amazon to ExxonMobil. Here's what makes Microsoft, Air Products, and the J.P. Morgan Equity Premium Income ETF worth buying now.

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Source Fool.com