PepsiCo ( PEP 0.26%) and Costco ( COST 0.97%) offer stability in the consumer staples sector. PepsiCo stock yields 3.19% with a 74.50% payout ratio. Its diverse snack and beverage portfolio provides resilience during economic downturns and shocks.

Income-oriented investors may need to be more familiar with these five top Dividend Kings that offer solid passive income.

Passive income is a powerful tool for building long-term wealth and securing financial freedom. High-yield dividend stocks offer investors an effective way to generate steady cash flow without active management or daily involvement.

A high-yield dividend stock can considerably add to your passive income. Here are three stocks that can give you an 8% dividend yield.

I like to invest in successful businesses that offer a high yield upfront and can grow their dividend payouts over time. These three stocks stand out because they offer ultra-high yields upfront and there's an excellent chance their payouts will continue growing steadily once I'm ready to retire.