Got $10,000? 2 High-Yield Dividend Stocks to Buy and Hold Forever.
For better or worse, dividends have fallen out of favor on Wall Street. Despite record corporate profitability, the flagship S 500 index only boasts an average yield of 1.35% as many managers now prefer to return value through buybacks instead of cash. That said, it is still possible to find companies that remain committed to their dividend traditions.
Let's explore why a $10,000 investment in Realty Income (NYSE: O) or Phillip Morris International (NYSE: PM) could be a great source of sustainable income over the long term.
Founded in 1969, Realty Income is a real-estate-investment trust (REIT) specializing in leasing commercial real estate assets and returning most of the profits to shareholders via a consistent dividend. The company has enjoyed an impressive compound annual total return of 13.6% since its public listing in 1994, and it can continue to reward long-term investors because of the quality and diversification of its tenants.
Source Fool.com
