
Passive income investing offers a path to long-term financial security. Strategic stock selection allows for consistent returns and inflation protection. Here are three stocks to consider for building a dependable passive income stream.
First, Realty Income Corporation (NYSE:O), known as “The Monthly Dividend Company,” is a real estate investment trust (REIT) owning and managing a diverse portfolio of commercial properties. Its model of acquiring and leasing properties to reliable tenants via long-term, net lease agreements ensures stable, predictable income, enabling monthly dividend payouts for over 50 years.
Next, consider Procter & Gamble (NYSE:PG), a major consumer goods company with numerous brands spanning beauty, healthcare, and home care. Its robust financials and global presence support consistent dividend payments. The company boasts a 65-year record of consecutive dividend increases, making it a reliable option for income-seeking investors.
Third, Johnson & Johnson (NYSE:JNJ), a healthcare sector leader, offers diverse product lines in pharmaceuticals, medical devices, and consumer health, resulting in strong cash flow. Its long history of dividend payments and increases makes it attractive for those prioritizing passive income within the healthcare sector.
Investing in Realty Income Corporation, Procter & Gamble, and Johnson & Johnson creates a diversified portfolio generating regular income with capital appreciation potential. These companies’ strong finances and shareholder value commitment make them ideal long-term wealth-building options.
Footnotes:
- Realty Income Corporation is renowned for its monthly dividend payments.
- Procter & Gamble has a 65-year history of consecutive dividend increases.
- Johnson & Johnson has a strong track record of dividend payments.