Fri, January 3, 2025

[ Fri, Jan 03rd 2025 ]: MSN

How Money Can Make More Money
Thu, January 2, 2025
Wed, January 1, 2025
Tue, December 31, 2024
Mon, December 30, 2024
Sun, December 29, 2024

Want Decades of Passive Income? 2 Stocks to Buy Now and Hold Forever

These two dividend stocks offer everything you need: passive income that's risen every year for over 27 years and consistency from essential industries. The post Want Decades of Passive Income? 2 Stocks to Buy Now and Hold Forever appeared first on The Motley Fool Canada.
The article from MSN Money discusses two stocks recommended for investors seeking long-term passive income. The first stock is Fortis Inc., a utility company known for its stable earnings and a history of increasing dividends for 50 consecutive years, making it an attractive option for those looking for reliable income. Fortis plans to continue its dividend growth at a rate of 4-6% annually through 2028. The second stock highlighted is Enbridge Inc., which operates in the energy infrastructure sector, offering a high dividend yield due to its stable cash flows from long-term contracts. Enbridge has a track record of dividend payments for over 69 years and aims to increase its dividend by 3% annually. Both companies are praised for their defensive business models, providing essential services that ensure consistent revenue, making them ideal for investors aiming to build a portfolio for passive income over decades.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/top-stocks/want-decades-of-passive-income-2-stocks-to-buy-now-and-hold-forever/ar-AA1wM9ZO ]