3 Dividend Stocks That Can Power Your Portfolio for Decades

Holding some top dividend stocks in your portfolio can help you generate recurring income for years. This can bolster your savings for retirement or just give you extra money to help pay bills while you hold on to some great investments. Three stocks that you can potentially rely on for dividend income for decades are AbbVie (NYSE: ABBV), Home Depot (NYSE: HD), and Microsoft (NASDAQ: MSFT). Let's dive in and take a closer look at each one.

Healthcare giant AbbVie should please income-oriented investors with its sizable dividend that currently yields 4.3%. That's the highest one on this list. Plus, the company recently announced that it will be increasing its quarterly dividend payments by 4.7% to $1.55 per share. AbbVie has been doing well and recently raised its adjusted earnings per share (EPS) guidance for the year from a range of $10.86-$11.06 to $11.19-$11.23.

AbbVie has been focusing on what it calls its "non-Humira growth platform" as the company works on developing its business outside of Humira, its top-selling rheumatoid arthritis medication that has lost patent protection and is quickly losing market share. Humira's sales totaled $3.5 billion for the period ended Sept. 30 and were down 36% year over year. But two other immunology drugs, Skyrizi and Rinvoq, look to make up for its revenue in the long run. Last quarter, they generated $3.2 billion in sales combined while growing at rates in excess of 50%.

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Source Fool.com