NVS - 3 Magnificent Stocks That Are Passive Income Machines
2024-05-14 06:30:00 ET
There are many dividend stocks on the market. Some will eventually cut or suspend their payouts due to company-specific, economic, or broader market issues. Those aren't the kind of dividend stocks that investors will want to own. Instead, income-seekers should try to find corporations with excellent underlying businesses that are likely to maintain their dividend program for a long time.
Find out why three Motley Fool contributors picked Eli Lilly (NYSE: LLY) , AbbVie (NYSE: ABBV) , and Novartis (NYSE: NVS) as excellent passive income stocks investors can safely hold.
Prosper Junior Bakiny (Eli Lilly): Few pharmaceutical companies have made as much noise as Eli Lilly over the past few years. The company is proving to be an innovative powerhouse with important approvals such as Mounjaro in diabetes, Zepbound in obesity, and, potentially, donanemab, which could earn the nod in treating Alzheimer's disease.
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3 Magnificent Stocks That Are Passive Income Machines