3 Magnificent Dividend Stocks I Plan to Continue Buying for a Lifetime of Passive Income

Core Investment Strategy - The focus is on generating passive income through investments in companies that pay above-average dividends expected to grow steadily over time [1][2] Realty Income (O) - Realty Income has a strong track record of paying dividends, with 650 consecutive monthly dividends and 126 payout increases since its public listing in 1994, achieving a 4.3% compound annual growth rate over three decades [3][5] - The company benefits from a durable real estate portfolio, with approximately 90% of rent coming from recession-resistant industries and long-term net leases providing stable rental income [4][5] - Realty Income has a conservative financial profile and a significant addressable market of $14 trillion for net lease real estate in the U.S. and Europe, allowing for annual cash flow growth of 4% to 5% [5] Brookfield Infrastructure (BIPC) - Brookfield Infrastructure operates a diversified platform in utilities, midstream, transportation, and data sectors, with 90% of earnings backed by long-term contracts or regulated rate structures [6] - The company pays out 60% to 70% of its stable cash flow in dividends, retaining the rest for new investments, and has a strong investment-grade balance sheet [7] - Brookfield Infrastructure expects to boost cash flow per share by over 10% annually, which should support a dividend increase of 5% to 9% annually [8] Enbridge (ENB) - Enbridge has a long history of dividend payments, having paid dividends for over 69 years and increased its payout for 29 consecutive years at a 10% compound annual growth rate [9][10] - The company has $17.7 billion in secured capital projects, including oil and gas expansions and renewable energy projects, providing visibility into future growth [10] - Enbridge anticipates cash flow per share growth of 3% annually through 2026 and 5% thereafter, supporting a potential 5% annual dividend increase [11] Conclusion - Realty Income, Brookfield Infrastructure, and Enbridge are highlighted as elite passive income stocks with strong records of increasing high-yielding dividends, making them attractive for long-term investment [12]