Investors looking for long-term growth and income may want to consider adding ultra-high-yield dividend stocks to their portfolios. These stocks offer the potential for significant returns over the years. Here are four magnificent ultra-high-yield dividend stocks that investors can hold for decades.
1. AT&T (T): AT&T is a telecommunications giant that has a long history of paying dividends. The company currently offers a dividend yield of over 7%, making it an attractive option for income investors. With its strong market position and diversified business lines, AT&T is well-positioned to continue paying dividends for many years to come.
2. Exxon Mobil (XOM): Exxon Mobil is one of the largest oil and gas companies in the world. The company has a solid track record of paying dividends and currently offers a dividend yield of around 8%. Despite the challenges facing the energy sector, Exxon Mobil’s strong balance sheet and global presence make it a reliable choice for long-term investors.
3. AbbVie (ABBV): AbbVie is a pharmaceutical company known for its blockbuster drug Humira. The company has a dividend yield of over 5% and a strong pipeline of new drugs that could drive future growth. With a focus on innovation and a commitment to returning capital to shareholders, AbbVie is a promising investment for those looking for steady income and potential capital appreciation.
4. Altria Group (MO): Altria Group is a leading tobacco company that boasts a dividend yield of over 8%. Despite concerns about the long-term prospects of the tobacco industry, Altria has proven to be a resilient and profitable company. With a strong brand portfolio and a commitment to returning cash to shareholders, Altria is a solid choice for income-focused investors.
In conclusion, these four ultra-high-yield dividend stocks offer investors the potential for long-term growth and income. By holding onto these stocks for decades, investors can benefit from the compounding effect of reinvested dividends and potentially achieve significant returns over time.