3 Dividend King Stocks to Buy With $500 and Hold Forever
Timeless stocks are difficult to find, but they exist. Here are three companies that have consistently raised their dividends for decades.
Buy and hold forever is a popular expression. Admittedly, forever is a long time. Few stocks possess the growth opportunities, competitive advantages, or the ability to evolve with a changing world to warrant permanent residency in a portfolio. That's why the expression is more about buying high-quality businesses with no planned exit strategy. Ideally, you buy a world-class company, and the stock rewards you with steady returns over generations.
Famous investor Warren Buffett has held some stocks in Berkshire Hathaway's portfolio for decades. That's the goal. But if things don't go as planned, you sell. So, which stocks might deserve such a serious commitment?
The Dividend Kings are an excellent starting point. This exclusive club comprises companies that have paid and raised dividends for at least 50 consecutive years. This remarkable accomplishment is a testament to the quality and longevity of their business models and cultures. Here are three industrial Dividend Kings poised to generate steady wealth over decades of consistent performance and growing dividends.
