These are the stocks you will want to hold onto tightly for a lifetime of high-octane returns
Some investments just look after themselves. They are “set it and forget it” kind of stocks. Typically they pay dividends because dividend stocks tend to be profitable businesses that have been through the mill a time or two. They want to share their success with their investors.
The asset managers at Hartford Funds looked at the performance of the benchmark S&P 500 going all the way back to 1930. They found dividends contributed 40% to the total return of the index over that 93-year period. Moreover, dividend stocks never had a losing decade.
Through the combined power of reinvesting dividends and compounding, a $10,000 investment would be worth almost $4.1 million today. A similar investment in the broad-based indexed would have turned into just $641,091.
When searching for dividend stocks to buy and hold, these seven income producers have a long history of rewarding shareholders. They just might deserve a place in the “never sell” portion of your portfolio.
Comments
Post a Comment