Author: Daniel Foelber, The Motley Fool

It’s as elite as it gets.

It offers a sizable amount of passive income for investors who can patiently wait for the business to improve.

It’s perfect for risk-averse investors or retirees looking to supplement income.

With a near-perfect business model, it’s a high-margin cash cow that you can count on.

Generating solid margins, it stands out as an excellent dividend stock to buy given its yield and inexpensive valuation.