Each investor seeks passive income. After all, Who doesn't want to collect checks without working?
Quarterly dividends, a share of a company's profits, are a good source of passive income for income investors.
Dividends are an especially good source of comfort because dividend equities tend to outperform their non-dividend-paying rivals during weak markets.
Check out the three best dividend stocks to buy right now if you want a steady stream of income for the next decade.
Costco Wholesale (COST -1.20%), the membership-based warehouse retailer, earns more than $200 billion annually.
While most of its retail contemporaries have battled with bloated inventories and customer spending shifts, Costco has held strong.
With the stock down approximately 50% from its top last year, investors can take advantage of this long-term winner's discount.
Nike's dividend yield is 1.4%, but like Costco, it's boosted its dividend by 10% or more practically every year since 2007.
With a 1.8% dividend yield today, TJX appears to be a viable long-term investment as a dividend provider.
With a 1.8% dividend yield today, TJX appears to be a viable long-term investment as a dividend provider.