"Top Dividend Powerhouses for Long-Term Passive Income Growth"

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Source: The Motley Fool
"Top Dividend Powerhouses for Long-Term Passive Income Growth"
Photo: The Motley Fool
TL;DR Summary

Coca-Cola, Clorox, and Target are three dividend-paying stocks worth considering for investors seeking passive income. Despite underperforming the market, Coca-Cola's long history of dividend raises and its ability to combat inflation make it an attractive option. Clorox, with its strong brand portfolio and potential for growth, is also a good value after recovering from a cyberattack scare. Target, although facing challenges like inflation and weak consumer spending, offers growth potential with its rewards program and e-commerce initiatives. All three stocks have a dividend yield of over 3% and a track record of dividend increases, making them suitable for generating a steady stream of income.

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