Creating multiple streams of passive income is a well-known strategy for achieving financial independence. However, identifying truly valuable passive-income opportunities can be a daunting task.

Enter Tier 1 dividend stocks: equities from companies that have demonstrated an unwavering dedication to shareholder rewards through consistent distributions and dividend increases. These financial powerhouses often have decades of not just paying dividends but growing them as well.

Let's explore one standout Tier 1 dividend stock that deserves a place in any investor's portfolio, particularly someone seeking a reliable and generous passive-income stream.

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Source Fool.com