3 Magnificent Dividend Growth Stocks With Yields Above 5% to Buy Now and Hold at Least a Decade
There are many ways to make money on Wall Street, but some methods are a lot more reliable than others. Whether you're looking for a way to raise the stream of passive income your portfolio produces or you simply want to outperform benchmark averages, adding some dividend-paying stocks to your portfolio is a smart way forward.Companies that commit to returning a portion of their earnings to shareholders behave differently than companies that don't have a dividend program. The differences aren't minor ones either. During the 50 years between 1973 and 2023, the dividend-paying stocks in the S&P 500 index produced a 9.17% average annual return, according to research from Hartford Funds. Non-dividend-paying stocks in the same index produced a paltry 4.27% average annual return over the same time frame.As I right this, Realty Income (NYSE: O), Pfizer (NYSE: PFE), and Altria Group (NYSE: MO) offer an average dividend yield of 6.8%. These aren't the fastest-growing payouts you've ever seen but there's a good chance that all three businesses can continue raising distributions for at least another decade.Continue reading
There are many ways to make money on Wall Street, but some methods are a lot more reliable than others. Whether you're looking for a way to raise the stream of passive income your portfolio produces or you simply want to outperform benchmark averages, adding some dividend-paying stocks to your portfolio is a smart way forward.
Companies that commit to returning a portion of their earnings to shareholders behave differently than companies that don't have a dividend program. The differences aren't minor ones either. During the 50 years between 1973 and 2023, the dividend-paying stocks in the S&P 500 index produced a 9.17% average annual return, according to research from Hartford Funds. Non-dividend-paying stocks in the same index produced a paltry 4.27% average annual return over the same time frame.
As I right this, Realty Income (NYSE: O), Pfizer (NYSE: PFE), and Altria Group (NYSE: MO) offer an average dividend yield of 6.8%. These aren't the fastest-growing payouts you've ever seen but there's a good chance that all three businesses can continue raising distributions for at least another decade.
