There is a good reason investors turn to dividend stocks during times of economic uncertainty. Sharing profits with investors, in good times and bad, is a vote of confidence that its long-term growth story remains intact and helps to soften the blow a falling stock market can have on capital appreciation.Yet some dividend stocks are not just safe harbors from market storms but also businesses you can reliably hold on to at all times. Investors should consider the following two companies in that group. They might not be the sexiest companies on the market, but they are dividend-paying stocks you can count on year in and year out.
The market still doesn't know what to make of Clorox (CLX), which is odd, considering its long history of outperformance and ensuring its shareholders share in its prosperity. The bleach maker has paid a dividend every year since 1970 and has increased the payout each year since 1978. Food service distributor Sysco (SYY) is another yawn-inducing stock for many investors. It supplies restaurants, hospitals, schools, and hotels with food products, building its operation into the biggest in the country in the process. Not surprisingly, supply chain concerns, inflation, and rising fuel costs (especially diesel supplies) are also big concerns for the company.
Source: Motley Fool
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2 Top Dividend Stocks You Can Buy and Hold Forever
Posted by D4L | Monday, November 28, 2022 | ArticleLinks | 0 comments »________________________________________________________________
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