Locking in a dependable high dividend yield is an income
investor's dream. Here are three stocks these Motley Fool contributors think
you could count on to pay you for the rest of your life.
While superinvestor Warren Buffett is known for having said
his "preferred holding period is forever," that's not always a
reasonable expectation for individual investors. At some point, you may sell
even your best stocks to pay bills in retirement, put a kid through college, or
just reward yourself for decades of patient investing success.
But dividend stocks can actually make for perfect "hold
forever" investments, especially if they pay a higher yield and have given
you years and years of dividend growth. If you own enough of the right ones for
long enough, you may never have to sell a share, deriving enough income from
the payout to more than meet your financial needs.
We asked three Motley Fool contributors who know a thing or
two about high-yield stocks to help identify three that have the prospects to
be "hold forever" investments, and they came back with Caretrust REIT
Inc (NASDAQ:CTRE), Brookfield Renewable Partners LP (NYSE:BEP), and General
Motors Company (NYSE:GM). Not only do they all meet the "high-yield"
watermark, with yields ranging from 4% to 6.3% at recent prices, but they're
also incredibly well-run businesses with strong balance sheets and strong
competitive advantages.
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