3 High-Yield Dividend Stocks to Buy and Hold Forever
The stock market's recent sell-off has some investors concerned about their investments and even the overall health of the U.S. economy. But over many people's investing lifetimes, markets will sometimes go up and sometimes go down, and changes can happen rather quickly. If the recent volatility has you looking for more stable investments, consider a few established cash-generating companies that have a long history of dividend payments. Here are three that you can likely buy and hold forever.
Ford Motor Company (NYSE: F) has one of the richest histories in the automotive industry, but it currently faces numerous challenges. The company is struggling in China. It's working to improve vehicle quality, leading the industry in U.S. recalls for three straight years. And it's losing billions annually with its electric vehicle (EV) division. But those challenges have given investors an opportunity to buy shares of Ford at a price-to-earnings ratio of 10 times, with a dividend yield topping 6.1% at recent prices.
Despite its challenges, Ford has an impeccable balance sheet, with plenty of cash flow thanks to its gasoline-powered trucks, SUVs, and commercial vans. The automaker also has $27 billion in cash with roughly $45 billion in liquidity. That's plenty of capital to invest in long-term growth strategies, and in returning value to shareholders.
Source Fool.com
