3 Dividend Stocks You Can Safely Hold for Decades
It's not often that you find a stock you can safely hold for decades. Necessary for a buy-and-hold stock is a company with deep competitive advantages, a long growth runway, and excellent management. And if such all-star stocks also pay a dividend to boot? That's a great combination.
Many compelling growth stocks often sport relatively low dividend yields, but if a company can grow for years and years, that payout is almost sure to grow over time along with earnings.
Three such dividend growth all-stars to consider for your portfolio are Costco (NASDAQ: COST), ASML Holdings (NASDAQ: ASML), and Brookfield Renewable Power (NYSE: BEP) (NYSE: BEPC). All have outstanding business models and are well positioned to grow for decades.
Source Fool.com