Durable Dividends: Three Stocks for Long-Term Growth
New investors looking to build their portfolios around solid dividend stocks have several options. Three companies stand out, each with its own strengths and advantages.
ExxonMobil is a top oil and gas giant that offers stability and a competitive yield of 2.6%. The company has increased its dividend payments for decades and benefits from rising oil prices. With a strong portfolio of assets and financial strength, ExxonMobil is an attractive long-term investment.
UnitedHealth Group is another quality dividend stock with a yield of 2.4% and a history of increasing its payout by 60% over the past five years. As a top health insurance company, it benefits from population growth and rising rates in healthcare. The company's strong profits enable it to offer a growing dividend.
Verizon Communications is the final stock on this list, offering a yield of 5.9%. With its stable business and modest single-digit growth, Verizon generates a consistent stream of income. Its payout ratio is around 70%, leaving room for continued dividend increases. The company has boosted its payout for an impressive 20 consecutive years.