"Top 5 Dividend Stocks for Long-Term Passive Income in 2024"

In 2023, the S&P 500 index soared 24%, and the Dow Jones Industrial Average reached a new record high. Two dividend stocks, Medtronic and AbbVie, offer above-average yields and have the potential to maintain and raise their payouts in the coming decade. Medtronic, the world's largest medical device manufacturer, has earned regulatory approvals for multiple devices and expects adjusted earnings to cover its dividend payout. AbbVie, a biopharmaceutical company, has seen rising sales of its top-selling drugs and has new growth drivers to offset revenue losses from its lead drug, Humira. Both companies have the potential for dividend growth in the future.