3 Dividend Stocks That Are Passive Income Machines
Dividends are often overlooked when planning a long-term investment strategy. Yet over the past 50 years, dividend reinvestment generated 84% of the total return of the S&P 500 index, according to Hartford Funds. If you started with an initial investment of $10,000, reinvested dividends are the difference between ending up with $795,000 and nearly $5 million.
Three Motley Fool contributors selected Coca-Cola (NYSE: KO), Target (NYSE: TGT), and Home Depot (NYSE: HD) as attractive dividend stocks to buy right now. These are solid consumer brands that investors can't go wrong holding through retirement.
Jennifer Saibil (Coca-Cola): Famed mutual fund manager Peter Lynch has advised investors to buy stocks of companies they know and love. For many people, that makes Coca-Cola a serious potential investment.
Source Fool.com
