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Want a Decade of Growing Passive Income? Buy This Dividend Growth Stock and Never Sell.
LMTLockheed Martin(LMT) The Motley Fool·2024-10-11 07:05

This company has durable long-term contracts that make its earnings highly predictable.Dividend investing is a tried-and-true strategy for building long-term wealth. It may not be as sexy as buying the hottest hyper-growth stocks or cutting-edge technology companies, but dividend stocks can be the tortoise that drives steady portfolio wealth when looking at a multi-decade period. And it does take time. For example, if you buy a dividend stock yielding 2% that grows its dividend per share by 6% per year, it ...