2024-04-02 11:00:52 ET
Summary
- Investing in solid and essential companies can provide reliable dividends to passive income investors for years and even decades.
- The defensive sectors, such as the utility sector, have been under pressure, with both the costs of borrowings rising and seeing risk-free rates as more attractive income alternatives.
- That said, the one feature that these companies can deliver is dividend growth over time, which Treasuries aren't going to provide investors; that can be a huge benefit.
Written by Nick Ackerman.
Living on dividends is easy by investing in companies that provide essential services, such as WEC Energy Group, Inc. ( WEC ) and Verizon Communications Inc. ( VZ ). WEC is a multi-utility company with a long history of consistent earnings growth. VZ is a household name as a telecom behemoth that has been seeing its free cash flow rise once again as CAPEX demand recedes....
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2 Defensive Dividend Plays For The Long-Term Passive Income Investor