2024-05-25 02:56:00 ET
A company's ability to provide passive income for a lifetime is based on earnings growth, not what the dividend is today.
A common mistake investors will make is focusing too much on the current yield of a stock, which could fall if the stock price has done well, even if dividend raises have been consistent.
Here's why these three fool.com contributors think The Home Depot (NYSE: HD) , York Water Company (NASDAQ: YORW) , and Walmart (NYSE: WMT) are three quality dividend stocks that have a multi-decade runway for steady growth.
For further details see:
3 Dividend Stocks That Are Well Positioned to Provide a Lifetime of Passive Income