2 Dividend Growth Stocks to Buy and Hold for Years
Did you know that a stock which increases its dividend by 7% will double its payout in a decade? That's the power of investing in dividend growth stocks. Over time, their yields will rise and investors can earn much more on their initial investment. That can make a low-yielding stock look deceptively low.
Two stocks that have been aggressively increasing their dividends in recent years are AbbVie (NYSE: ABBV) and Visa (NYSE: V). With solid fundamentals and bright futures ahead, these are two investments you can safely buy and hold for the long haul.
Drugmaker AbbVie generated more than $56 billion in revenue last year and had over $11 billion in profit. It has several blockbusters in its portfolio, with Humira, Skyrizi, Rinvoq, Imbruvica, Venclexta, and Vraylar all bringing in more than $1 billion in revenue in 2021.
Source Fool.com
