Have $1,000? 2 All-Weather Dividend Stocks to Buy and Hold Forever
Just paying a dividend isn't enough to make a company a worthwhile investment. There needs to be a consistent payment history and an attractive yield. Real estate investment trust (REIT) W.P. Carey (NYSE: WPC) and midstream giant Enbridge (NYSE: ENB) meet both of those criteria, and a few more. Here's why these companies are all-weather dividend payers you can buy and hold with comfort.
W.P. Carey is a real estate investment trust focused on owning net lease assets. These properties are single tenant and the lessee is responsible for paying most of the operating expenses. When you own a lot of properties, like this REIT's over 1,250 strong portfolio, it's generally considered a low-risk way of investing in real estate since no one location will have too large an impact. That's a solid core that's backed a dividend increase every year since W.P. Carey's initial public offering in 1998 (23 years and counting). But there's more to this story than just reliable dividend growth.
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Source Fool.com
