Looking to invest in high-yield dividend stocks that you can hold onto for the long term? Here are three options to consider:
1. AT&T (T): AT&T is a telecommunications company that has a long history of paying out dividends to its shareholders. With a current dividend yield of around 7%, AT&T offers a solid income stream for investors. The company also has a strong track record of increasing its dividend payouts over time, making it a reliable choice for long-term investors.
2. AbbVie Inc. (ABBV): AbbVie is a pharmaceutical company that has a dividend yield of around 5%. The company has a diverse portfolio of products and a strong pipeline of new drugs, which bodes well for its future growth prospects. AbbVie has a solid balance sheet and a consistent history of returning capital to shareholders through dividends, making it a good option for investors looking for steady income.
3. Exxon Mobil Corporation (XOM): Exxon Mobil is one of the largest oil and gas companies in the world, with a dividend yield of around 5%. Despite the challenges facing the energy sector, Exxon Mobil has a strong balance sheet and a diversified business that allows it to weather downturns in the industry. The company has a long history of paying dividends and has consistently increased its payouts over time, making it a reliable choice for long-term investors.
In conclusion, AT&T, AbbVie, and Exxon Mobil are three high-yield dividend stocks that you can buy and hold onto for a decade or more. These companies offer solid income streams, strong growth prospects, and a history of returning capital to shareholders through dividends. Consider adding these stocks to your portfolio for long-term investment success.