One of my main investing goals is to build a portfolio of stocks that provide a lasting passive income. By focusing on quality businesses with reliable dividends, I hope to enjoy a rising income stream many years after I stop full-time work.
If my investments perform really well, I may even be able to retire early, although there’s no guarantee of this. And one company I would consider holding in my dividend portfolio for my journey is FTSE 100 bank Lloyds.
Safe but dull?
This high street stalwart’s the UK’s largest mortgage lender. Its business model’s built around simply taking deposits and lending them to consumers and businesses.
I like Lloyds’ simplicity compared to some other UK banks. It only operates in the UK and stays clear of investment banking, where profits can be less predictable.
However, the reality is that big banks haven’t always been great investments. Although tougher regulations…
