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Dividend investors are attracted to these stocks because of the passive income they provide.
Raytheon Technologies (RTX 5.83%) and 3M (MMM -0.17%) have been paying dividends for a long time. I will compare the two in this video to determine the better stock to buy to generate passive income.
*Stock prices used were the afternoon prices of Jan. 22, 2023. The video was published on Jan. 24, 2023.
Parkev Tatevosian, CFA has positions in 3M. The Motley Fool recommends 3M. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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