3 Dividend Stocks That Are Well Positioned to Provide a Lifetime of Passive Income

A company's ability to provide passive income for a lifetime is based on earnings growth, not what the dividend is today.

A common mistake investors will make is focusing too much on the current yield of a stock, which could fall if the stock price has done well, even if dividend raises have been consistent.

Here's why these three fool.com contributors think The Home Depot (NYSE: HD), York Water Company (NASDAQ: YORW), and Walmart (NYSE: WMT) are three quality dividend stocks that have a multi-decade runway for steady growth.

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Source Fool.com