Timeless Investments: 3 Dividend Stocks You Can Buy and Hold Forever
Invest in Stocks that Pay Passive Income for a Lifetime Owning stocks of strong companies that regularly pay passive income to shareholders can provide comfort and long-term financial security. By carefully selecting the right dividend stocks, investors can build a portfolio that yields around 3% annually in dividend income . Furthermore, if the selected companies continue to grow their earnings, they will also increase their dividend payment and yield on the original investment. To get started, three Motley Fool contributors were asked to share their top stock picks for generating passive income. Here's why they chose Coca-Cola (NYSE: KO), Philip Morris International (NYSE: PM), and Home Depot (NYSE: HD). Invest in Warren Buffett's favorite John Ballard recommends investing in Coca-Cola due to its global brand power and high annual sales volume. The company owns over 200 brands including Fanta, Sprite, Minute Maid juices, Dasani water, Costa Coffee, Fuze Tea, Powerade,...