Looking for some reliable ultra-high-yield dividend stocks to add to your portfolio for the long term? Look no further! Here are two top picks that you can buy and hold for a decade.
1. AT&T (T): AT&T is a telecommunications giant that has a long history of paying out generous dividends to its shareholders. With a current dividend yield of over 7%, AT&T is a solid choice for income investors looking for steady cash flow. The company’s diverse business lines, including wireless, broadband, and media, provide a strong foundation for future growth. Plus, AT&T’s recent acquisition of Time Warner has expanded its content offerings, making it a powerhouse in the entertainment industry. With a track record of increasing dividends for over 30 years, AT&T is a reliable choice for investors looking for stability and income.
2. AbbVie (ABBV): AbbVie is a pharmaceutical company that specializes in developing and marketing a wide range of drugs, including treatments for autoimmune diseases, cancer, and other chronic conditions. With a dividend yield of around 4%, AbbVie offers investors a solid income stream while also providing potential for capital appreciation. The company’s strong pipeline of innovative drugs and its commitment to research and development make it a promising long-term investment. AbbVie’s recent acquisition of Allergan has further diversified its product portfolio and expanded its global reach. With a track record of consistently increasing dividends since its spin-off from Abbott Laboratories in 2013, AbbVie is a reliable choice for investors seeking both income and growth.
In conclusion, AT&T and AbbVie are two ultra-high-yield dividend stocks that you can buy and hold for a decade. With their strong business fundamentals, solid dividend yields, and potential for growth, these companies offer investors a reliable source of income and long-term value. Consider adding them to your portfolio for a steady stream of dividends and the opportunity for capital appreciation over the years.