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

Flying cars? Vacationing in space? There's no doubt that things will look different several decades from now. After all, we were still going to Blockbuster Video 30 years ago.But some things will certainly stay the same. The option to reward shareholders with dividends is hardly likely to change anytime soon, and investors looking to fortify their personal finances with dividend-paying stocks are certainly making a smart move. For those committed to generating consistent passive income for many years to come, picking up shares of tried and true dividend stocks Coca-Cola (NYSE: KO), ExxonMobil (NYSE: XOM), and York Water (NASDAQ: YORW) would be a great move right now.With a history stretching back to the pouring of the first glass of Coca-Cola nearly 140 years go, it's clear that appetite for the iconic beverage has considerable staying power. Granted, consumer tastes have expanded beyond sugary sodas in recent years, but Coca-Cola is sensitive to this change and has taken steps to grow its product portfolio. This willingness to evolve its family of brands to slake consumers' thirst for healthier drink options serves the company well, and it suggests that management will probably exhibit flexibility in the coming years if consumer appetites change again.Continue reading

Mar 3, 2025 - 03:26

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

Flying cars? Vacationing in space? There's no doubt that things will look different several decades from now. After all, we were still going to Blockbuster Video 30 years ago.

But some things will certainly stay the same. The option to reward shareholders with dividends is hardly likely to change anytime soon, and investors looking to fortify their personal finances with dividend-paying stocks are certainly making a smart move. For those committed to generating consistent passive income for many years to come, picking up shares of tried and true dividend stocks Coca-Cola (NYSE: KO), ExxonMobil (NYSE: XOM), and York Water (NASDAQ: YORW) would be a great move right now.

With a history stretching back to the pouring of the first glass of Coca-Cola nearly 140 years go, it's clear that appetite for the iconic beverage has considerable staying power. Granted, consumer tastes have expanded beyond sugary sodas in recent years, but Coca-Cola is sensitive to this change and has taken steps to grow its product portfolio. This willingness to evolve its family of brands to slake consumers' thirst for healthier drink options serves the company well, and it suggests that management will probably exhibit flexibility in the coming years if consumer appetites change again.