2 Top Dividend Stocks to Buy and Hold Forever
There are several reasons many investors gravitate toward dividend stocks. Some are attracted to the regular income stream, while others opt for dividend reinvestment to boost long-term returns. Whatever the case, it's crucial to pick the right dividend-paying companies, those that are unlikely to suspend or decrease their payouts regardless of economic circumstances.
There are many such corporations to choose from on the market. Let's consider two of them: Johnson Johnson (NYSE: JNJ) and Abbott Laboratories (NYSE: ABT).
Over the years, Johnson Johnson has certainly been the precise kind of company dividend seekers gravitate toward. The company currently offers a yield of 2.99% (the S 500's average is 1.54%) and is a Dividend King, having raised its payouts for 60 consecutive years, a period that included several recessions.
Source Fool.com