Building multiple passive income streams is a well-trodden path to early retirement. In practice, however, it can be seriously challenging to spot worthwhile passive income streams.

Tier 1 dividend stocks, or equities backed by companies with an unwavering commitment to rewarding shareholders through regular distributions and increases to the dividend, are a simple way to cut out the noise.

Many of these companies have been paying dividends for decades, and even better, growing the dividend for decades as well. Here is a brief overview of one Tier 1 dividend stock that is an excellent choice for any type of investor on the hunt for a generous and relatively safe passive income stream.

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Source Fool.com