2 Magnificent Dividend Stocks Worth Holding Forever
It's always a good time to build a steady stream of dividend income.
Overview
By securing shares in elite dividend payers, long-term investors can set up a powerful compounding machine that creates a robust portfolio foundation. If you're hunting for top dividend stocks to buy and hold for the long run, here are two names to consider.
Bank of America (NYSE: BAC) has paid regular dividends to its shareholders for 38 consecutive years. Its current yield hovers around 2% The institution remains a key pillar in the global financial ecosystem.
Details
The bank benefits from a massive deposit base and a digital consumer banking network that is practically impossible for smaller competitors to replicate. Because its commercial and consumer banking services are woven deeply into the fabric of the global economy, the business generates reliable cash flows no matter what the broader economy is doing.
Source
Originally published at www.fool.com.