Want Decades of Passive Income? 3 Stocks to Buy Right Now

There are no guarantees on Wall Street, and even reliable dividend stocks can end up cutting their payouts. For example, W.P. Carey, on the cusp of what would have been its 25th consecutive annual increase, instead had to reset its dividend lower at the start of 2024. But there are some dividend payers that stand out for the reliability of the passive income they produce. If you are looking to collect dividends for decades, you'll want to examine Federal Realty (NYSE: FRT), Toronto-Dominion Bank (NYSE: TD), and Bank of Nova Scotia (NYSE: BNS) right now.To get the big number out first, real estate investment trust (REIT) Federal Realty has increased its dividend annually for 57 consecutive years. Management believes that's the longest streak of any REIT, and it puts the company into the elite group known as Dividend Kings. To earn and maintain entry into that club, a company must have an active streak of 50 or more annual payout increases -- something that few have accomplished. There are no signs that Federal Realty is about to let its incredible streak come to an end.The REIT focuses on strip malls and mixed-use assets. The majority of its properties contain grocery stores, which draw traffic to its retail centers. None of this is unique. What sets Federal Realty apart among REITs is the modest size of its portfolio, which usually sits at around 100 properties. Unlike some of its peers that simply try to grow as large as possible, Federal Realty is looking to own only the best assets in the best locations with a quality-over-size mentality. That's worked out well for its investors. Add in a dividend that at the current share price yields a well-above-market-average 4.3%, and it's easy to see why income investors will like the stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool