Three Dividend Stocks to Consider for Passive Income in 2023\n\nCoca-Cola, Home Depot, and Procter & Gamble not only offer attractive dividend yields, but also have strong fundamentals and potential for growth.\n\nCoca-Cola (NYSE:KO) has had a tough year, but this presents an opportunity for investors to buy the beverage giant at a discount. With a dividend yield of over 2%, investing in Coca-Cola could bring in $320 of annual passive income for every $10,000 invested.\n\nHome Depot (NYSE:HD) may see a dip in sales this year, but the housing market has a bright long-term outlook. As the industry leader, Home Depot is well-positioned to benefit from this growth. With a dividend yield of over 2%, investing $8,000 in Home Depot could bring in $200 of annual passive income. \n\nProcter & Gamble (NYSE:PG) is another solid choice for passive income. With a diverse portfolio of global brands and strong financials, the company is well-positioned for long-term success. Procter & Gamble typically announces its yearly dividend increase in April, but investors don’t have to wait until then to buy. With a dividend yield of over 2%, investing in Procter & Gamble could bring in $200 of annual passive income for every $8,000 invested.\n\n These three dividend stocks offer attractive yields and potential for growth.

Diversified Operations Industry Shows Promise for Growth in Various Sectors\n\nThe Zacks Diversified Operations industry has been experiencing growth across various sectors, including aerospace, defense, and oil & gas. This has been driven by increased infrastructure development and technological advancements in manufacturing processes. Companies like 3M Company, ITT incorporated, Federal Signal Corp., and Griffon Corp. Are well-positioned to benefit from these trends.\n\nThe industry includes companies that operate in various markets, such as oil & gas, industrial, electronics, power, aviation, technology, finance, healthcare, chemical, non-residential construction, and transportation. These companies provide equipment, solutions, and related services to a wide customer base. They also have a global presence, with exposure in major countries like the United States, Japan, India, and China.\n\nOne major trend shaping the future of the industry is the strength in the aerospace and defense markets. The demand for multi-sector companies is closely tied to the conditions of end markets, and the current healthy demand from the defense and governmental sectors, as well as infrastructure development, bodes well for the industry. Additionally, companies with exposure to commercial aviation markets are expected to benefit from the rising global demand for air travel.\n\nAnother positive development is the easing of supply-chain disruptions, which have been a major challenge for the industry. While these disruptions still persist, the situation has improved, as seen in the latest ISM report’s Supplier Deliveries Index.\n\n The industry is not without its challenges. The manufacturing sector has been showing signs of weakness, with the Manufacturing PMI contracting for the 13th consecutive month in November. This has been a major factor in the industry's lower demand, along with inflationary pressure. Companies with exposure to electronics, healthcare, and consumer verticals have experienced lower demand due to tepid consumer spending, and this trend is expected to continue in the near term.\n\nThe Zacks Diversified Operations industry currently holds a Zacks Industry Rank of #50, placing it in the top 20% of more than 250 Zacks industries. This is a result of the positive earnings outlook for the constituent companies, with analysts gradually gaining confidence in the group's earnings growth potential.\n\nThe Zacks Diversified Operations industry is poised for growth, driven by strength in various sectors and the easing of supply-chain disruptions. Companies like 3M Company, ITT incorporated, Federal Signal Corp., and Griffon Corp.