This High-Yield Dividend Stock Could Be One to Hold Forever
When it comes to creating passive income streams, investors should strongly consider looking at boring investments, which tend to provide more conservative investors with the reliable and stable dividends they desire. Boring assets underpin Brookfield Infrastructure Partners (NYSE: BIP) portfolio as it looks to support its generous 3.7% yield. Here's a quick overview of the business and why you might want to buy and hold this boring stock for the long term.
"Infrastructure" is a broad term that describes the core physical assets that underpin society. You probably take many of them for granted, since the list includes things like roads, seaports, energy pipelines, and electricity systems. In developed nations, people just assume that these things will be there and operate as expected. As investments, however, the story is that well maintained infrastructure can provide reliable streams of cash flow because everyone is willing to ensure they don't become a major problem.
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Source Fool.com