In a volatile stock market, finding stable investments with reliable returns is a priority for many investors. Dividend stocks can provide a consistent passive income stream, making them an attractive option for those seeking long-term wealth generation. Here are three high-yield dividend stocks that offer potential for investors to buy and hold indefinitely.

First on the list is Ford Motor Company (F). Despite facing various challenges, including struggles in China and recalls, Ford presents an opportunity for investors with a price-to-earnings ratio of 10 times. The company's dividend yield is currently at an impressive 6.1%, making it an enticing option. With a strong balance sheet and ample cash flow from its gasoline-powered vehicles, Ford has the resources to invest in long-term growth strategies while returning 40% to 50% of free cash flow to investors through dividends.

Next is Altria Group (MO), which is undergoing a transition from traditional cigarettes to smokeless tobacco products. Despite the industry's decline, Altria remains a top option with a diverse portfolio that includes e-vapor and heated tobacco alternatives. Last year, Altria paid out $6.8 billion in dividends and reduced its debt-to-assets ratio, showcasing its commitment to shareholder value. With a staggering dividend yield of 7.9% and a track record of performing well during economic downturns, Altria is poised to be a reliable dividend stock for the foreseeable future.

Completing the list is Johnson & Johnson (JNJ), a company known for its consistent business performance and commitment to dividend growth. With over 60 consecutive years of dividend increases, J&J has a proven track record of returning value to shareholders. Despite ongoing legal issues, the company's forward dividend yield stands at over 3%. J&J's focus on accelerating growth and its diverse portfolio of products position it as a strong contender for investors seeking long-term passive income.

While each of these companies faces its own set of challenges, their commitment to returning value to shareholders through dividends remains unwavering. Ford's family ownership structure ensures a continued focus on its healthy dividend, while Altria's transition to smokeless products still caters to consumer preferences. J&J's consistent dividend growth is a testament to its strong and sustainable business model. These three stocks offer investors an opportunity to generate wealth through long-term dividend appreciation, even amidst market volatility and economic uncertainties.

As with any investment, it's important for investors to conduct thorough research and consider their financial goals before making any decisions. However, for those seeking high-yield dividend stocks that have the potential to be held indefinitely, Ford, Altria Group, and Johnson & Johnson are worth considering.