Passive income is a financial strategy known for generating revenue without the need for the earner's continuous active effort. This makes it an attractive option for those looking to diversify their income streams or achieve financial independence.
Pfizer Inc. discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. It offers a hefty 5.88% dividend, which has risen yearly for the past 14 years.
Dividend investors will find that Pfizer is a solid passive income-generating machine, making it a strong candidate for those seeking reliable dividend stocks.
The company offers a wide range of medicines and vaccines in various therapeutic areas, including cardiovascular health, immunotherapies, and COVID-19 treatments, establishing its market prominence.
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