These 2 Stocks Can Help Make You Richer by Retirement
Don't let yourself get stuck looking only at growth stocks if you are looking to build long-term wealth. Dividend stocks can play an important role in your portfolio, too. Hormel Foods (NYSE: HRL) and Realty Income (NYSE: O) show exactly why this is true -- and they both may be worth buying.
Food maker Hormel sports a dividend yield of around 2.3% today, which is toward the high end of the company's historical yield range. That suggests the stock is relatively cheap right now and possibly worth buying for long-term income investors. That's true even though 2.3% isn't exactly an awe-inspiring yield on an absolute basis. The reason boils down to dividend growth.
Image source: Getty Images.
Source Fool.com
