The Best Insurance Dividend Stock for a Lifetime of Passive Income

Dividend stocks are an excellent way to build your wealth over time. According to Factset, from 1991 to 2015, dividend payers outperformed non-dividend payers 9.7% to 4.2%.

Dividend-paying companies can be great investments because they must generate cash flow and manage their capital effectively. Cincinnati Financial (NASDAQ: CINF) is a shining example of this, having increased its dividend for decades, and could set you up for a lifetime of passive income.

Cincinnati Financial writes insurance policies for businesses and individuals across various products, including homeowners, automotive, and property insurance.

Source Fool.com