3 Monster Dividend Stocks to Hold for the Next 10 Years
If you are looking for dividend stocks in today's market, you need to be selective. Given that the average stock in the S&P 500 (SNPINDEX: ^GSPC) is offering a paltry 1.3% yield, you can easily find higher-yielding investments. But finding high yields from companies you'd want to hold onto for a decade requires deeper consideration.If your holding period is 10 years or longer, you'll find Hormel (NYSE: HRL), Realty Income (NYSE: O), and Enterprise Products Partners (NYSE: EPD) all worth a closer look today. Here's why.Hormel's dividend yield is around 3.8%, which is nearly three times the level of the S&P 500 index. It also happens to be near the highest levels in the food maker's history. That said, with a market cap of $16 billion, Hormel is nowhere near the largest food company around. Where it stands toe to toe with the industry giants is its status as a Dividend King, which is a monster-sized achievement.Continue reading
If you are looking for dividend stocks in today's market, you need to be selective. Given that the average stock in the S&P 500 (SNPINDEX: ^GSPC) is offering a paltry 1.3% yield, you can easily find higher-yielding investments. But finding high yields from companies you'd want to hold onto for a decade requires deeper consideration.
If your holding period is 10 years or longer, you'll find Hormel (NYSE: HRL), Realty Income (NYSE: O), and Enterprise Products Partners (NYSE: EPD) all worth a closer look today. Here's why.
Hormel's dividend yield is around 3.8%, which is nearly three times the level of the S&P 500 index. It also happens to be near the highest levels in the food maker's history. That said, with a market cap of $16 billion, Hormel is nowhere near the largest food company around. Where it stands toe to toe with the industry giants is its status as a Dividend King, which is a monster-sized achievement.
