3 Solid Dividend Stocks to Buy This Month and Hold Forever
Dividend stocks have historically been powerful investments. Since 1973, dividend stocks outperformed the S&P 500 (9.6% average annual total return versus 8.2%), according to a study from Ned Davis Research and Hartford Funds. Among that dividend group, dividend growers performed even better and delivered a 10.7% average annual total return.
There are plenty of dividend stocks to choose from these days, but not all of them outperform. Three solid ones our Fool.com contributors believe are great buys this month are A. O. Smith (NYSE: AOS), Brookfield Renewable Partners (NYSE: BEP) (NYSE: BEPC), and Enbridge (NYSE: ENB). Here's why they think these are great dividend stocks to buy and hold for the long haul.
Reuben Gregg Brewer (A. O. Smith): During a recent hurricane, I had to take a cold shower. It was awful and reminded me of the business of A. O. Smith, which makes water heaters. The company is dealing with headwinds today, including inflation and housing slowdowns in the United States and China, a key foreign market. Adjusted earnings per share were down 15% year over year in the third quarter. However, this company's products are not falling out of style. Take a cold shower yourself, and you'll quickly agree.
Source Fool.com
