Investing in dividend stocks like Verizon and 3M can be an excellent way to generate passive income.
Verizon (VZ -0.68%) and 3M (MMM -0.66%) each pay a healthy dividend yield. Fool.com contributor and finance professor Parkev Tatevosian picks his favorite dividend stock of the two.
*Stock prices used were the afternoon prices of May 19, 2023. The video was published on May 21, 2023.
Parkev Tatevosian, CFA has positions in 3M. The Motley Fool recommends 3M and Verizon Communications. 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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