Sure, most of us have to work hard initially to save enough to get the passive income stream flowing. While there are lots of ways to make money passively, my favorite strategy is investing in dividend stocks.

Dividend stocks have long been a favorite for investors seeking reliable passive income. First, a conservative payout ratio of under 50% signals that the company isn't overextending itself to maintain dividends.

Lockheed Martin stock just fell by the most in a single session in more than three years. One-off charges dragged down the company's 2024 results. A strong backlog will support future earnings and dividend growth.

Invest for the long haul with a balanced portfolio. Find out why these three stocks are ideal for stability, income, and growth in retirement.

These four passive income stocks are often overlooked by investors and are dividend wonders. They are rated Buy at top Wall Street firms too.

Want to earn more passive income on a regular basis? Check out these three dividend stocks to buy with $15,000 right now. The post Invest $15,000 in 3 TSX Stocks for $60 in Monthly Passive Income appeared first on The Motley Fool Canada.