Over 50? Here are 2 dividend stocks to consider buying for passive income – Motley Fool UK

If you’re over 50 and looking for dividend stocks to generate passive income, there are a couple of options worth considering. Dividend stocks can be a great way to supplement your income, especially as you approach retirement age.

One stock to consider is Unilever (LON: ULVR). Unilever is a well-established consumer goods company that has a strong track record of paying dividends. The company’s diverse product portfolio includes household names like Dove, Lipton, and Hellmann’s, which helps to provide stability and consistent cash flow. Unilever has a solid balance sheet and a history of increasing its dividend year after year, making it a reliable choice for income investors.

Another option to consider is National Grid (LON: NG). National Grid is a utility company that operates electricity and gas transmission networks in both the UK and the US. As a regulated utility, National Grid benefits from a steady stream of income and has a strong competitive advantage in its markets. The company has a long history of paying dividends and offers a relatively high dividend yield, making it an attractive option for investors seeking passive income.

Both Unilever and National Grid are solid dividend stocks that can provide a reliable source of income for investors over 50. By investing in these companies, you can build a diversified portfolio that generates passive income to support your financial goals in retirement.