The truth is, no one knows if a company has what it takes to reward its investors with a lifetime of passive income. But there are criteria you can use to determine the durability of a dividend-paying company or exchange-traded fund (ETF).
One factor is a company’s history of paying and raising its dividend. American States Water (NYSE: AWR) and Illinois Tool Works (NYSE: ITW) are both Dividend Kings — meaning they have paid and raised their dividends for at least 50 consecutive years — a track record that showcases their ability to grow earnings and pass along growing profits to shareholders through dividends.
Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free »
Meanwhile, the JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ: JEPQ) is a unique, ultra-high-yield investment that uses financial instruments to generate…
