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Wed, January 1, 2025
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What the papers say - January 1
Tue, December 31, 2024

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


Published on 2024-12-31 15:41:10 - MSN
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  • 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 ]