"According to the Internal Revenue Service (IRS), passive income generally includes earnings from rental activity or any trade, business, or investment in which the individual does not materially participate. It can also include income from limited partnerships, stocks, bonds, and other similar enterprises in which the investor is not actively involved. The more passive income that can help cover rising costs-such as mortgages, insurance, taxes, and other expenses-the easier it is for investors to set aside money for future needs as they prepare for retirement."
"Companies that have raised their dividends for shareholders for 50 years or longer are the kind of investments that passive income investors need to own. Dependability is crucial for individuals seeking to increase their annual income through dividend stock investments. The Dividend Kings are the 55 companies that have raised their dividends for 50 years or longer, a testament to their dependability and reliability."
Passive income includes earnings from rental activity or any trade, business, or investment in which the individual does not materially participate, including limited partnerships, stocks, and bonds. Passive income that helps cover rising costs—mortgages, insurance, taxes, and other expenses—facilitates setting aside money for future retirement needs. Dependable, recurring dividends support steady income growth. Companies that have increased dividends for 50 years or more (Dividend Kings) demonstrate long-term dependability and reliability. The Dividend Kings number 55 and need not be S&P 500 members. A screen identified three high-yield Dividend Kings offering attractive entry points and strong passive income streams.
Read at 24/7 Wall St.
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