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

If you're looking to build a reliable stream of passive income that can last for decades, consider adding these three dividend stocks to your portfolio. Each company has a strong track record of dividend growth, a conservative payout ratio, and a competitive advantage that supports long-term sustainability.

1. Johnson & Johnson (JNJ)
* Dividend yield: 3.07%
* Payout ratio: 72.70%
* Competitive advantage: Diverse healthcare portfolio, including pharmaceuticals, medical devices, and consumer health products, provides stability and above-average growth potential.
* Dividend growth history: 59 consecutive years of dividend increases, with an average annual growth rate of 6.7% over the past decade.
2. Coca-Cola (KO)
* Dividend yield: 2.7%
* Payout ratio: 76.80%
* Competitive advantage: Iconic brand and global distribution network create a wide economic moat, protecting against potential dividend cuts.
* Dividend growth history: 59 consecutive years of dividend increases, with an average annual growth rate of 7.7% over the past decade.
3. Target (TGT)
* Dividend yield: 2.89%
* Payout ratio: 45.50%
* Competitive advantage: Omnichannel strategy and exclusive brand partnerships drive customer loyalty and sales growth in a competitive retail landscape.
* Dividend growth history: 53 consecutive years of dividend increases, with an average annual growth rate of 8.86% over the past decade.

These three companies have demonstrated their commitment to returning value to shareholders through consistent dividend growth and conservative payout ratios. By investing in these dividend stocks, you can build a reliable passive income stream that can last for decades.