Buying and holding dividend stocks over the long term has been shown to be a great way to build wealth over time. To be successful with this investing style, though, you need to pick strong companies that have the ability to maintain and/or grow their payments over the long haul. In many cases, investors can fall into yield traps or turnaround stories, but those don't always work out.
That's why if you are looking for dividend investments today, you should probably shy away from GNC Holdings (NYSE: GNC) and FerrellGas Partners (NYSE: FGP). Instead, one company worth looking at is Enterprise Products Partners (NYSE: EPD). Here's a quick look at why GNC Holdings and FerrellGas Partners are not the dividend stocks you are looking for, and why Enterprise Products Partners is a go-to investment today.
Source: Pantagraph
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