Investing in steady dividend-paying companies is a great way to generate passive income no matter what the stock market is doing.

Verizon's strength stems from its dominant U.S. wireless market position, controlling approximately 40% of the postpaid phone market share. This scale allows Verizon to generate industry-leading margins and returns on capital, underpinning its generous dividend payments.

These five top stocks trade at reasonable levels and offer the strength that makes sense as we enter a very volatile time of year for stocks.

Dividend stocks can be extremely valuable long-term investments. Not only can their values increase over time, but you'll collect a consistent stream of income from them as well,

Imagine building a portfolio where your investments work for you to generate a steady stream of income without demanding constant attention. Passive income is a powerful financial tool that can help you achieve your financial goals and build long-term wealth.