3 dividend stocks that can provide attractive passive income

Dividends are one of the most stable and advantageous forms of passive income that investors can use to diversify their portfolio. Investing in equities with regular dividends can help replace the low yields of traditional instruments such as bonds, while providing protection against inflation. For long-term investors, the key is to focus on companies that not only pay regular dividends, but also increase them during more challenging periods.

In the following, we present three stocks that feature stable and growing dividends, and may be an interesting opportunity for investors seeking passive income, according to many analysts.

Canadian Imperial Bank $CM

Canadian Imperial Bank is one of the largest banking institutions in Canada, focusing on a wide range of financial services including personal and corporate banking, investment advisory and asset management.

The bank's current dividend yield is 4.2%, which is above the sector average for foreign banks (3.77%) and well above the yield of…