3 Passive Income Stocks to Hold for the Next 20 Years
Receiving dividends from your stocks is one of the nicest rewards you can experience. Dividends not only represent a tangible return on your investment but also act as a stream of passive income that goes straight into your bank account. Fortunately, many stocks dole out a dividend every quarter, and accumulating a portfolio of such companies means you'll receive a regular stream of additional income every three months.
One important factor in looking for suitable dividend stocks is the sustainability of the dividend. The business should be backed by a strong competitive moat that helps it generate healthy profits and free cash flow. In turn, this increase in cash flow will lead to ever-increasing levels of dividends over the years. By owning such stocks, you can enjoy a steadily rising flow of dividends that help to more than offset the effects of inflation.
Here are three attractive stocks that can supply you with a dependable stream of passive income over the next two decades.
Source Fool.com
