Looking back on the year, it has been quite remarkable. The coronavirus has wreaked havoc on people's health and caused governments to issue widespread shutdown orders. It is a good time to look for stocks that pay reliable dividends that can provide you with a steady income for a very long time. Here are two companies worthy of a buy-and-hold strategy, providing you with peace of mind.
Colgate-Palmolive (NYSE: CL) sells products like toothbrushes, toothpastes, soaps, dishwashing liquids, and deodorants. Its popular brands like Ajax and Speed Stick have strong market positions. There is also a division for pet nutrition products for cats and dogs. Kimberly-Clark (NYSE: KMB) is known for its diapers; feminine care products; and paper goods, like tissues, toilet paper, and paper towels. When you walk down a supermarket aisle, you'll recognize its brands, which include Huggies, Depends, and Kleenex.
Source: NASDAQ
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- Charlie Munger's 10 Rules for Investment Success
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