3 Elite Dividend Stocks to Buy and Hold for Decades of Income Stability and Growth
Hundreds of companies have cut their dividends over the past several years. Many of those reductions have been very deep. That has had a big impact on their investor's income.
However, The Southern Company (NYSE: SO), Oneok (NYSE: OKE), and Public Storage (NYSE: PSA) stand out for their dividend stability. The trio have paid at least the same rate as the prior quarter for decades while increasing their payouts many times over the years. That stability and growth should continue, making them great dividend stocks to buy and hold for many years of income.
For over 75 years, The Southern Company has paid a dividend equal to or greater than the prior quarter's level. Meanwhile, the utility has increased its payment in each of the last 22 straight years. It currently offers an attractive 3.9% dividend yield.
Source Fool.com
