Some of the best stocks to buy and hold forever are Dividend Kings.
These are the reputable giants of the market that’ll pay you hold their stocks. So, not only do you get safety, but you can collect some extra income along the way. Even better, the Kings have a 50+ year history of raising their payouts.
Some of the top ones to consider include:
Genuine Parts (GPC)
Look at Genuine Parts (GPC), for example.
With a current yield of 2.76%, GPC recently raised its dividend to 95 cents in August. We expect to hear about a new dividend payout in November 2023. It also has a long history of navigating economic issues, and has a strong 67-year record of dividend payouts.
Granted, earnings were nothing to write home about in the third quarter, but it’s still one of the top stocks to buy and hold forever.
Plus, as noted by Seeking Alpha, “GPC is a boring, conservative dividend stock that is perfect for investors looking for dividend growth and potential capital appreciation. Automotive stocks like GPC are often overlooked but I believe they can be hedges against downturns. People will always need their automobiles and the parts associated with them.”
Procter & Gamble (PG)
Another boring, but very safe dividend stock to buy and hold forever is Procter & Gamble (PG). With a yield of about 2.5%, the company recently announced a quarterly dividend of $0.9407 per share. P&G has been paying a dividend for 133 consecutive years since the company’s incorporation in 1890 and has increased the dividend for 67 consecutive years.
Earnings are still solid here, too. Its Q1 EPS of $1.83 beat by 11 cents. Revenue – up 6.1% year over year beat by $290 million.
“We delivered very strong results in the first quarter of fiscal year 2024, putting us on track to deliver towards the higher end of our fiscal year guidance ranges for organic sales and core EPS growth,” said Jon Moeller, Chairman of the Board, President and Chief Executive Officer.
As an active investor, you probably already know that futures and stocks have some things in common – they are both traded on exchanges, have standardized contracts, can be analyzed technically or fundamentally, etc. However, there are some distinct differences that need to be emphasized so you can understand the role of each in a portfolio.
First and foremost, one widely held misconception must be clarified: futures and options are not the equivalent of gambling. They are legitimate investment choices, and they can be used in a variety of ways to give you as little – or as much – risk as you want.
Every investment area has its risk spectrum, even stocks, and it can even vary widely within an area. The risk spectrum on blue-chip stocks, for example, is not the same as that of a penny stock. An investment in Coca-Cola or General Motors is not the same as putting your money into the latest hot, new initial public offering or into shares in some long-shot, high-flier company.
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