Author: Matthew DiLallo, The Motley Fool

It’s an exceptional stock to buy and hold for a potential lifetime of passive income.

In short, it pays a very low-risk, high-yielding dividend.

The company generates a growing stream of steady cash flow, which has helped fuel 28 straight years of increased payouts.

Its monster payout is on a rock-solid foundation.

The stock trades at an attractive valuation, which gives it upside potential.