2023-03-11 10:23:00 ET
Dividend-paying stocks can be excellent passive income investments. Many companies offer attractive dividend payments. Even better, unlike fixed-income investments, many dividends steadily grow over time.
Three dividend stocks a few Fool.com contributors believe are great ones to buy and hold for the long haul are Brookfield Infrastructure (NYSE: BIPC) , Enbridge (NYSE: ENB) , and American States Water (NYSE: AWR) . Here's what makes these three stocks stand out as excellent passive-income investments.
Reuben Gregg Brewer (Brookfield Infrastructure): Infrastructure is hugely expensive, but, once built, provides a steady stream of income. That's the logic that underpins the business model of Brookfield Infrastructure Corp. and its sister share structure Brookfield Infrastructure Partners . But what's really interesting here is the way Brookfield Infrastructure (referring to both share classes at once) goes about owning and operating infrastructure assets.
For further details see:
Buy and Hold These 3 Stocks for Decades of Passive Income