3 Dividend Kings That Could Pay You for the Rest of Your Life
Many investors seek passive income from dividends as a way to earn money from their investments. While tempting, the challenge with dividends is that they are never guaranteed payments. That makes it risky to rely on dividends as a source of money to cover your immediate costs. One approach to attempt to mitigate that risk is to focus only on companies with long-term track records of dividend hikes. After all, if a company has built such a track record, then it likely has both a business model that supports such a thing and a management team interested in continuing it.
Some companies, known as Dividend Kings, have a 50-year or longer track record of dividend increases. Three investors sifted through those Dividend Kings to see if there are any that look capable of continuing that trend for many years to come. They picked PepsiCo (NASDAQ: PEP), Genuine Parts (NYSE: GPC), and Coca-Cola (NYSE: KO). Read on to find out why and decide for yourself whether any or all of them may deserve a place in your income-focused portfolio.
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Source Fool.com
