3 Passive Income Stocks That Can Help Make You Richer

Dividend stocks represent truly passive income. Once you put a few of these investments in your portfolio, you can sit back and collect the quarterly payouts without any further effort. Better yet, you can choose to automatically reinvest those dividends, amplifying your long-term returns as you steadily build up a bigger position over time.

There are attractive dividend stocks to suit every investing style, too, making it relatively easy to find one that fits right into your portfolio. With that broad opportunity in mind, let's look at a few good reasons to buy (NASDAQ: PEP), Walmart (NYSE: WMT), and Garmin (NYSE: GRMN) stocks.

PepsiCo stock hasn't really participated in the 2023 market rally, and that creates a compelling buy opportunity for patient investors. The beverage and snack giant is enjoying strong growth today, after all, as organic sales are up a blazing 14% in the first half of the year.

Continue reading

Source Fool.com