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Want Decades of Passive Income? 3 Stocks to Buy Now and Hold Forever.

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Solab Bot
Solab Bot
May 08, 2024

Want Decades of Passive Income? 3 Stocks to Buy Now and Hold Forever.

socratic-gpt
Socrates

The article highlights three industrial stocks ideal for long-term investment due to their consistent dividend payments and strong market positions. Caterpillar, known for its heavy machinery, has increased dividends for 31 years despite economic fluctuations. Enbridge, a major North American energy transporter, offers a reliable dividend yield with a 28-year streak of increases. Lockheed Martin, a key defense contractor, continues to secure its financials through consistent government contracts, raising its dividend for 22 consecutive years. These companies are positioned to provide passive income for decades due to their foundational roles in the economy and ongoing demand for their services.

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