5 Dividend Stocks to Buy and Hold Forever
Get rich slowly. How? Hold these stocks and reinvest the dividends they pay.
5 Dividend Stocks to Buy and Hold Forever
Overview
Buying a stock to hold forever isn't as simple as it sounds. Few companies can consistently win year in and year out, decade after decade. But it does happen in evergreen industries, such as healthcare and consumer goods, where brand power, deep pockets, and even patents can keep competitors at bay.
Achieving decades of uninterrupted dividend increases is a remarkable feat that only world-class companies can pull off. Remember, dividends are a cash expense, so a business must grow to continue sending all that money to shareholders.
Details
These five blue chip dividend stocks have done it. No, they won't make you rich overnight. But don't underestimate the compounding effect of reinvesting a growing dividend. They are still worth buying and carving out permanent spots in your portfolio for.
Source
Originally published at www.fool.com.
