3 Top Dividend Stocks for Generating Passive Income

You can work for money. But you can also have your money work for you. One great way to make passive income is to invest in dividend stocks. We asked three Motley Fool contributors to identify top dividend stocks for generating passive income. Here's why they selected...

Only the most elite dividend stocks become Dividend Kings. AbbVie (NYSE: ABBV) ranks as a member of this exclusive club with 50 consecutive years of dividend increases. If you're an income investor, you often have to choose between whether you want a safe dividend, a high payout, or a growing yield. That's not the case with Gilead Sciences (NASDAQ: GILD). Merck (NYSE: MRK) develops pharmaceutical products for humans and animals and is a leader in both fields. Its lineup most notably features Keytruda, a cancer drug that continues to earn new indications even after notching more than two dozen regulatory wins.

Source: NASDAQ

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