Very often I get a request that someone wants to build passive income and would like to achieve it through dividend stocks. Usually the requirement is then a high dividend, zero risk and still a rising share price.
I can't perform miracles and therefore I don't give advice. However, since such a request is really common, I decided to do an article on "proven classics" that no dividend investor will make a mistake. These are some of the best quality stocks, but no one will ever guarantee that they will really just keep rising and that there won't be a breakout, crisis or just a downturn. Please keep that in mind.
This selection will not serve as an analysis of individual companies or a price estimate. It will be about principle and why these companies are so popular with investors. Here we go!
Verizon Communications $VZ
A large U.S. telecommunications company that provides reliable dividend payouts, currently yielding around 6.7%. Verizon's dividends have increased for 17 years in a row.…