Passive income is a dream for many investors, and dividend stocks offer a way to achieve this goal. These stocks are like machines that work tirelessly to generate income for their owners. By investing in dividend-paying companies, you can build a portfolio that provides you with a steady stream of income for years to come. Here are three stocks that you can buy now and hold forever to secure your financial future.
AbbVie is a pharmaceutical company that has a long history of paying dividends to its shareholders. With a forward yield of 3.2%, AbbVie is a solid choice for investors looking for reliable passive income. The company has increased its dividend for an impressive 52 consecutive years, making it a member of the elite group of stocks known as Dividend Kings. Despite facing challenges such as the loss of patent exclusivity for its top-selling drug Humira, AbbVie has continued to thrive by investing in research and development and making strategic business decisions. With a strong track record of growth and resilience, AbbVie is a stock that can provide you with reliable passive income for decades to come.
Brookfield Infrastructure is another excellent choice for investors seeking passive income. The company operates a diverse portfolio of infrastructure assets, including data centers, electricity transmission lines, natural gas pipelines, and more. With around 85% of its funds from operations contracted or regulated, Brookfield Infrastructure enjoys stable and steady cash flow. The company has increased its distribution by a compound annual growth rate of 9% since 2004, offering investors attractive yields. By acquiring infrastructure assets at attractive valuations and making operational improvements, Brookfield Infrastructure has a solid strategy for growth. With a forward yield of 5.3% for its limited partnership and 4% for its corporate entity, Brookfield Infrastructure is a reliable source of passive income for long-term investors.
Realty Income is a real estate investment trust (REIT) that offers investors significant passive income opportunities. With a forward dividend yield of 5.8% and monthly dividend payments, Realty Income is an attractive option for income-focused investors. The company has increased its dividend for 30 consecutive years, with a compound annual growth rate of 4.3%. Realty Income owns a diverse portfolio of properties leased to a wide range of clients, providing stability and resilience to its income stream. With key growth opportunities in freestanding retail, industrial, and data center properties, Realty Income has the potential for continued growth in the future. As the seventh-largest REIT in the world, Realty Income is a solid choice for investors seeking reliable passive income.
In conclusion, dividend stocks offer a way to build a portfolio that provides you with a steady stream of income for years to come. By investing in companies like AbbVie, Brookfield Infrastructure, and Realty Income, you can secure your financial future and enjoy the benefits of passive income. These stocks have a track record of growth, resilience, and reliability, making them ideal choices for long-term investors. Consider adding these stocks to your portfolio today and start building your passive income stream for the future.
