Top Stocks for Decades of Passive Income

Investing for passive income is a strategy that can secure financial stability for decades. By selecting the right stocks, investors can enjoy consistent returns and hedge against inflation. Here are three stocks to consider for building a reliable passive income stream.

First on the list is Realty Income Corporation (NYSE:O), often referred to as “The Monthly Dividend Company.” Realty Income is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company’s business model is built on acquiring and leasing properties to high-quality tenants on long-term, net lease agreements. This ensures a stable and predictable revenue stream, which is why it has been able to pay monthly dividends for over 50 years.

Next, consider Procter & Gamble (NYSE:PG), a consumer goods giant with a wide array of brands across many sectors, including beauty, health care, and home care. Procter & Gamble is known for its strong financials and global reach, which contribute to its ability to pay consistent dividends. The company has increased its dividend for 65 consecutive years, making it a reliable choice for income-focused investors.

The third company to consider is Johnson & Johnson (NYSE:JNJ), a leader in the healthcare sector. With its diverse product lines in pharmaceuticals, medical devices, and consumer health products, Johnson & Johnson has a robust business model that supports steady cash flow. The company has a long history of paying and increasing dividends, which makes it an attractive option for those looking to invest in healthcare while securing passive income.

By investing in companies like Realty Income Corporation, Procter & Gamble, and Johnson & Johnson, investors can build a diversified portfolio that not only provides regular income but also has the potential for capital appreciation. These companies’ strong financials and commitment to returning value to shareholders make them excellent candidates for those seeking to build wealth over the long term.

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