3 of the Best Dividend Growth Stocks to Buy and Hold for Decades
These stocks offer above-average yields, have impressive track records for dividend growth, and have made generous increases in recent years.
Overview
Dividend stocks can be key to building up a portfolio's balance over the long term, while keeping risk low. And that can be key, because while growth stocks may offer compelling upside, they can also carry significant risks along the way. For investors willing to be patient, investing in dividend-growth stocks can be a much more suitable strategy.
Quality dividend stocks should not only offer good yields but also have strong track records for dividend growth. And it's not just about any increase in the payout -- investors should focus on companies that have made meaningful increases recently.
Details
Three top dividend stocks that check off all those boxes are Lowe's Companies (NYSE: LOW), NextEra Energy (NYSE: NEE), and American States Water Company (NYSE: AWR). Here's why these can be excellent stocks to build a dividend-focused portfolio around.
Source
Originally published at www.fool.com.