3 Dividend Stocks to Buy and Hold for the Next 5 Years
All three are also solid "forever" holdings, but the next five years could be particularly exciting as each company bounces back from recent challenges.
Overview
Most of the time, buying a dividend stock is a long-term commitment. It's not that these stocks can't do well enough in the short run. Their chief purpose and performance, however, is often rooted in steady, cumulative progress that takes a while to start paying off in earnest.
Every now and then, though, a shorter-term reason to own a dividend stock surfaces. In addition to their income potential, the underlying tickers themselves are undervalued and ripe for capital gains typically not expected of dividend-paying names.
Details
With that backdrop in place, here's a closer look at three dividend stocks you might want to step into, as long as you start with a five-year mindset. If you choose to do so down the road, of course, you can always decide to stick with them well beyond the five-year mark.
Source
Originally published at www.fool.com.