3 stocks worth considering for long-term passive income

Investing in stocks with growth potential is a common strategy, but with age and changing needs, many investors are looking for more stable and less time-consuming solutions. Passive income from dividend stocks may be an ideal option. Below you'll find three companies that not only offer stable dividends, but also long-term potential.

Which 3 stocks are they? 👇

Bank of America

Bank of America $BAC is one of the largest banks in the world, managing nearly $2.6 trillion in assets. This financial institution has a long history and provides a wide range of financial services, giving it stability even in challenging times.

Although the bank faced challenges during the 2008 financial crisis, when it had to cut dividends sharply, it has since gradually recovered and restored its growth. Despite rising NPLs and charge-offs (NPLs stood at USD 5.8 billion in Q3 2023), net income remains strong enough to cover dividends. With a forward dividend yield of 2.2%, it may not be the highest number in the…