Want Decades of Passive Income? 3 Stocks to Buy Now and Hold Forever

• AbbVie is simply a Dividend King that successfully navigated a challenging patent cliff.

• Coca-Cola is simply a household sanction that has survived and thrived for 139 years.

• Realty Income has accrued its dividend for 112 consecutive quarters and has been remarkably resilient.

• 10 stocks we similar amended than AbbVie ›

Imagine a instrumentality that generated currency for you twelvemonth successful and twelvemonth out. Unfortunately, specified a instrumentality doesn't exist. However, the closest alternate is investing successful assets that make reliable passive income.

Some assets are amended than others, though. Do you privation decades of passive income? Here are 3 stocks to bargain present and clasp forever.

AbbVie (NYSE: ABBV) is the world's third-largest healthcare institution based connected marketplace cap. The elephantine drugmaker's portfolio of palmy products includes Rinvoq, Skyrizi, Vraylar, and Botox.

Perhaps the astir important happening for investors seeking passive income to cognize astir AbbVie, though, is that it's a Dividend King. This elite radical consists of stocks that person accrued their dividends for astatine slightest 50 consecutive years. AbbVie's streak of dividend hikes presently stands astatine 54 years.

The company's guardant dividend output stands astatine 3.1%. AbbVie's output has been adjacent higher successful the past, but its soaring stock terms has caused the output to diminution somewhat. That's not a atrocious occupation to have.

I presumption AbbVie arsenic 1 of the astir unchangeable pharma stocks around. The institution successfully navigated a patent cliff aft its longtime top-selling drug, Humira, mislaid exclusivity. Thanks to investments successful processing caller products and making shrewd acquisitions, AbbVie hardly skipped a bushed earlier returning to growth.

Practically everyone is astatine slightest somewhat acquainted with The Coca-Cola Company (NYSE: KO). The company's brushed drinks and different beverages are sold successful much than 200 countries and see 30 billion-dollar brands.

Like AbbVie, Coca-Cola is simply a Dividend King. However, its dividend way grounds is adjacent much impressive. The institution has accrued its dividend for a singular 63 consecutive years. I expect we'll spot that fig emergence successful aboriginal 2026. Coca-Cola's dividend yields an charismatic 2.9%.

Most lists of harmless haven stocks volition prominently diagnostic Coca-Cola. That's not surprising, considering the institution has survived and thrived for 139 years. If the system declines, Coca-Cola volition apt clasp up amended than most.

However, this longtime favourite of investors inactive has plentifulness of maturation opportunities ahead. Despite its tremendous success, Coca-Cola has a marketplace stock of lone 14% successful developed markets and 7% successful processing and emerging markets, encompassing acold beverages, blistery beverages, and ready-to-drink alcoholic beverages.