For long-term passive income, consider investing in AbbVie, Lowe's Companies, and Public Storage. AbbVie, a biopharmaceutical giant, boasts a strong dividend history and financials. Lowe's, a leading home improvement retailer, has a solid dividend track record and promising long-term prospects. Public Storage, a REIT specializing in self-storage, offers high dividends and growth potential through market expansion.
Billionaire investor Bill Ackman owns nearly $1.5 billion worth of Lowe's Companies, a Dividend King with a strong history of dividend increases. While Ackman's investment in Lowe's dates back to 2018, the stock's current valuation, growth prospects, and dividend yield make it an attractive option for income investors and those nearing retirement. However, potential investors should consider factors such as competition with The Home Depot and the stock's cyclical nature before making a decision.
