Investing in the stock market is your ticket to building long-term wealth, and dividend stocks are the ingredient to generating effortless passive income.
Companies that pay dividends consistently outshine their non-dividend counterparts over time
That’s because dividend payers tend to have sound business models and disciplined management that reward their investors steadily over time. The energy sector has been on fire this year, amid the ongoing conflict in Iran and rising oil and gas prices. Not only that, but companies in the energy sector tend to have reliable dividends, making them an excellent choice for income-focused investors.
If you’re looking to boost passive income from your portfolio, here are three dividend stocks to double up on right now. 1. Chevron has rewarded shareholders with a growing annual dividend for decades Chevron (NYSE: CVX) is a major integrated oil and gas company that has steadily rewarded its shareholders by growing its annual dividend for 39 consecutive years. This comes despite the fact that Chevron operates in the oil and gas industry, where prices and profits can be quite volatile.