Dividends are a form of passive income that can get overlooked as a component of returns in the stock market. There are certainly growth stocks that don't pay dividends that can deliver great returns over decades, but when the markets get volatile, it pays -- literally -- to own growing companies that dish out some cash to their shareholders.
Three Motley Fool contributors recently picked Home Depot (NYSE: HD) , eBay (NASDAQ: EBAY) , and Levi Strauss (NYSE: LEVI) as great dividend stocks to consider right now. If you invested $5,000 in each stock, it would yield total income of $300 over the next year based on each company's current quarterly dividend payment. Here's why these companies are good investments.
For further details see:
Want $300 in Passive Income? Invest $15,000 in These Top Dividend Stocks