3 Dividend Stocks to Buy and Hold for 10 Years
They have a knack for increasing their dividends even when facing challenges.
Overview
History tells us that the stock market tends to deliver competitive returns relative to other asset classes over long periods, such as a decade. And the best way to take advantage of these returns is to hold onto shares of attractive companies through thick and thin, while resisting the urge to panic-sell when the going gets rough. That's easier said than done, and one of the more challenging parts of this strategy is picking the right stocks to invest in. Here are three that are worth considering: Pfizer (NYSE:PFE), Abbott Laboratories (NYSE:ABT), and Medtronic (NYSE:MDT). These healthcare leaders have a lot going their way, including solid dividend programs.
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Pfizer boasts a juicy forward dividend yield of 6.2%, but some might worry that the company's dividend program isn't safe. After all, Pfizer's financial results haven't been strong lately, its coronavirus business, once a meaningful growth driver, has weakened significantly, and it will face some important patent cliffs over the next few years. That said, there are also reasons to be excited about Pfizer's future.
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Originally published at www.fool.com.