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Dividend stocks are gaining popularity again due to the recent wave of bearishness in the stock market. Both retail and institutional investors chased AI and growth stocks in the past two years, and dividend stocks were rarely on their bucket list as the returns paled compared to the hottest names on the market.

These stocks offer monthly dividends and high yields, making them top investments to generate solid passive income.

The company's cash payout ratio is about 47%, giving it plenty of room to grow its dividend. Here's the bottom line: Amgen is an excellent stock for long-term, income-seeking investors.

Passive income investors looking to get paid to navigate a more turbulent stock market should look to the many dividend stocks while their yields are still north of 5%. Undoubtedly, as bond yields climb and markets dip over profound uncertainties,

Now is the time to hold stocks that pay a stable stream of passive income. Here are three faithful dividend stocks to hold through volatility. The post Top Canadian Stocks to Buy for Passive Income appeared first on The Motley Fool Canada.

The benefits of investing in dividend stocks can feel modest when the major market indexes are notching all-time highs. With the S&P 500 (SNPINDEX: ^GSPC) yielding just 1.2%, investors will have to look beyond index funds if they want to generate meaningful levels amount of dividend income.