If You Want Tons of Passive Income in the Future , Buy These 2 Stocks
Building a stream of dividends to fatten your wallet every quarter is a lot easier when you're willing to play the long game. By holding shares of businesses that have a lengthy streak of hiking their quarterly cash returns to shareholders, you'll directly benefit from their underlying growth.
And the more patient you are with reinvesting your payouts back into your position, the more money you'll get in the long run. So let's look at a pair of companies that can afford to pay you a bigger and bigger dividend every year to see if they might be a fit for your portfolio today.
AbbVie (NYSE: ABBV) is a passive-income machine, and this is all thanks to its ability to churn out therapies at an industrial scale. Its drugs make trailing-12-month net income of $13.3 billion, a sum that rose by 58.9% over the last three years. Strong earnings growth is likely to continue in the long run -- after a short delay, that is.
Source Fool.com
