Regardless of which opportunity one pursues, Coca-Cola, ExxonMobil, and York Water are three names that should continue rewarding shareholders for decades to come.

These five highest-yielding monthly dividend stocks deliver gigantic passive income streams, which is a recipe for investing success.

Generating passive income is a core aspect of my financial strategy. My goal is to eventually produce enough recurring investment income to cover my basic living expenses. I try to make progress toward that goal each month by investing more money in income-generating investments like high-yielding dividend stocks.

These dividend blue chips offer high yields, strong growth, and rock-solid balance sheets for a stress-free retirement. Click here to read what investors need to know.

There are countless ways to start collecting passive income. One great option is to invest in EPR Properties (NYSE: EPR). The real estate investment trust (REIT) pays a monthly dividend that currently yields 6.

Investing $20,000 in two TSX mid-cap stocks can feel a bit overwhelming. But when it comes to TSX stocks like Northland Power ( TSX:NPI) and Lundin Mining ( TSX:LUN ), it can be a savvy strategy to generate passive income. Let’s explore how these companies have been performing and what the future might hold for investors.

Retail investors do not need to worry about picking individual stocks to ensure steady returns. If you are investing for retirement, you can let the brokerage firms do their job by investing in exchange-traded funds (ETFs).