2 Top Dividend Stocks You Can Buy and Hold Forever
The stock market is having a tough 2022. This week, the S&P 500 index officially entered bear market territory, which means that it dropped at least 20% from its all-time high.
With inflation running at a four-decade high and more interest rate increases on the Federal Reserve's docket, the market could struggle for some time. But investors who have a long-term focus don't need to be concerned with market dynamics over the short or medium terms, because they can count on the market rising over the long haul.
Among the best stocks to consider buying now are dividend-paying shares of well-established, profitable companies that sell products and services customers need during both good and challenging economic times, including during recessions. Two such companies are U.S. water and wastewater utility giant American Water Works (NYSE: AWK) and electric utility powerhouse NextEra Energy (NYSE: NEE).
Source Fool.com
