SO - 3 Dividend Stocks That Can Generate Income for Life
2023-08-19 08:12:00 ET
Investing in dividend stocks can be a great way to generate some supplemental income. Many top dividend stocks have long histories of paying stable and rising dividends. Because of that, they can supply their investors with a lifetime of income.
The Southern Company (NYSE: SO) , Clearway Energy (NYSE: CWEN) (NYSE: CWEN.A) , and American States Water (NYSE: AWR) stand out to a few Fool.com contributors for the durability of their dividends. Here's why they believe these could be great dividend stocks to buy and hold forever.
Reuben Gregg Brewer (The Southern Company): There's a big change on tap for The Southern Company, which is one of the largest utilities in the United States. It has been building a pair of nuclear power plants, a process that has been beset by cost overruns and delays. But one of the two plants is now operational, and the next should come online in late 2023 or early 2024. At that point, this project will turn from a cash drain into a money producer. Management estimates the two nuclear power plants could add as much as $700 million to cash flow.
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3 Dividend Stocks That Can Generate Income for Life