Three dividend stocks offer long-term passive income potential

fool.com November 30, 2024, 12:01 PM UTC

Three stocks are highlighted for long-term passive income through dividends. AbbVie, a pharmaceutical company, has raised its dividend for 52 years and currently offers a yield of nearly 3.6%. Despite declining sales from its top drug, AbbVie has a strong pipeline of new products. Realty Income, a real estate investment trust, has increased its dividend for 30 consecutive years, with a yield of 5.4%. It pays dividends monthly and has a diversified portfolio that helps insulate it from economic downturns. The company sees growth opportunities in various sectors, including healthcare and data centers. Verizon Communications offers a high dividend yield of 6.07% and has increased its dividend for 18 years. Despite facing competition and modest revenue growth, Verizon generates strong cash flow. Future growth may be bolstered by advancements in wireless technology, such as 6G.


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