According to the Internal Revenue Service (IRS), passive income generally includes earnings from rental activity or any trade, business, or investment in which the individual does not materially participate.

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These stocks offer monthly dividends and high yields, making them top investments to generate solid passive income. The post My Top Monthly Dividend Stocks for Passive Income appeared first on The Motley Fool Canada.

As Wall Street's broader market averages continue to face challenges at the start of the trading week, many investors may begin to shift their focus toward high-yielding dividend stocks in an effort to secure a reliable and steady stream of income amidst the market uncertainty.

Two supercharged income stocks -- sporting an average yield of 8.57% -- have the necessary catalysts to make their patient investors richer.