The COVID-19 epidemic sparked a chain of extraordinary economic events, culminating in a global surge in jobless rates. Many investors began to invest in dividend stocks, which provide reliable, steady income. The global pandemic has thrown the economy’s future into doubt. Dividend equities in the United States performed exceptionally well in the first quarter of 2021, rising 2.6 percent. The current dividend yield on Exxon Mobil Corporation is 5.76 percent. By 2040, the petroleum corporation might have a market worth of $2 trillion. Exxon Mobil Corporation’s stock has increased by 24% in the last year. The Procter & Gamble Company owns a number of well-known brands, including Tide detergent, Pampers diapers, and Pantene. The company has been paying dividends for 49 years and has a 2.62 percent dividend yield. Microsoft Corporation is a noteworthy dividend-paying tech stock. The Washington-based IT powerhouse currently has a 0.91 percent dividend yield and a PE ratio of 33.70. Between 2016 and 2020, Apple Inc. purchased more AI businesses than other tech heavyweights. AAPL’s stock has risen 55 percent in the last year and is now trading at $125.06. Apple’s 52-week price range is $80.19 to 145.09.
Here is Insider Monkey’s list of the 10 best passive income stocks in 2021. Altria Group, Inc. is one of the world’s leading tobacco, cigarette, and related product manufacturers. For at least 50 years, the corporation has increased its dividend. MO’s stock is presently trading at $49.36, with a P/E ratio of 21.18. Currently, the dividend yield stands at 6.99 percent. In 2021, International Business Machines is ranked 9th among the top ten greatest passive income investments. The New York-based technology firm serves customers in over 175 countries throughout the world. In the first quarter of 2021, IBM reported sales of $17.7 billion, up 1% from the previous year. Over the last year, IBM’s stock has increased by 11%. 3M Company, the worldwide conglomerate, located in Minnesota, is a science-based corporation that develops new solutions to improve everyday life. Post-It, Scotch-Brite, Nexcare, and FUTURO are among the companies owned by 3M. MMM’s stock is presently trading at $203.20, with a P/E ratio of 21.69. Chevron Corporation reported $131 billion in operating revenue in the first quarter of 2021. Chevron Corporation has a 52-week price range of $65.16-113.11. Service stations are available all around the world from the oil and gas company. In the selection of the top 10 greatest passive income stocks for 2021, Emerson Electric Company comes in sixth. The multinational technology, software, and engineering firm was founded in 1890 in Missouri. EMR’s stock is presently trading at $97.10, with a P/E ratio of 27.39. Emerson Electric Company’s 52-week price range is $58.67-97.24. For more details, click 10 Best Passive Income Stocks in 2021.
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