I want to become financially independent. My strategy is simple: Make investments that generate passive income. My goal is to grow my investment income to cover my expenses.
I try to make progress toward that aim each week. Earlier this week, I made three income-focused investments, buying a couple more shares of 3M (NYSE: MMM), Ryman Hospitality Properties (NYSE: RHP), and Regions Financial (NYSE: RF). Here's why I added to my positions in these three dividend stocks this week.
3M has an elite track record of paying dividends. The industrial giant has an unceasing streak of making dividend payments. It has paid them without stopping for over 100 years. Further, it has paid a higher dividend each year for the last 65 years. That has it in the elite group of Dividend Kings, companies with 50 or more years of growing their dividends.
Source Fool.com