Buy and Hold These 3 Stocks for Decades of Passive Income
Dividend-paying stocks can be excellent passive income investments. Many companies offer attractive dividend payments. Even better, unlike fixed-income investments, many dividends steadily grow over time.
Three dividend stocks a few Fool.com contributors believe are great ones to buy and hold for the long haul are Brookfield Infrastructure (NYSE: BIPC), Enbridge (NYSE: ENB), and American States Water (NYSE: AWR). Here's what makes these three stocks stand out as excellent passive-income investments.
Reuben Gregg Brewer (Brookfield Infrastructure): Infrastructure is hugely expensive, but, once built, provides a steady stream of income. That's the logic that underpins the business model of Brookfield Infrastructure Corp. and its sister share structure Brookfield Infrastructure Partners. But what's really interesting here is the way Brookfield Infrastructure (referring to both share classes at once) goes about owning and operating infrastructure assets.
Source Fool.com
