3 High-Yielding Dividend Stocks That Investors Can Safely Buy and Hold for Decades
It might be time to make some philosophical adjustments to your portfolio's long-term allocation.
The article discusses three high-yielding dividend stocks that investors can consider for long-term investment. The first stock, Clorox (CLX), has faced challenges due to a cyberattack and a failed ERP migration, but it has shown resilience in paying and growing its dividend for 49 years straight. The forward-looking dividend yield is 5.7%, which is attractive despite the stock's 60% drop since its 2020 peak.
The second stock mentioned is Brookfield Renewable (BEPC), which invests in smaller, cash-generating utility projects worldwide, focusing on income generation. The company's management believes in growing its distributions between 5% and 9% per year indefinitely, with a forward-looking dividend yield of 5.4%. Investors should be cautious, as there is limited capital appreciation potential, and they should avoid the limited partnership version of the stock that requires additional tax-filing forms.
The third stock is Verizon Communications (VZ), which has raised its dividend for 20 consecutive years due to its dominant position in the wireless telecom industry. With data showing that 98% of adult Americans own a mobile phone, Verizon's business is relatively secure. The company offers a forward-looking dividend yield of 6.3%, making it an attractive option for investors seeking long-term stability and income.
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