2 Dividend Stocks I'll Hold Forever
My favorite investments are large, well-known companies with durable businesses that are trading at modest prices. My tool of choice for figuring out when to buy is a historically high dividend yield. That's why I ended up buying Hormel Foods (NYSE: HRL) and General Mills (NYSE: GIS) a couple of years ago.
This article explains why I want to hold onto these two dividend stocks for years to come.
I have a habit of picking a high yield over fast dividend growth, which is why Hormel Foods and its modest 2.3% dividend yield is a bit odd for my portfolio. Interestingly, the yield hasn't changed much since my original purchase of the stock -- but the dividend has, as it's been increased every year for the past five decades. That makes Hormel a Dividend King, an extremely exclusive group of companies. Even more impressive, annualized dividend growth over the past decade has been an incredible 15%!
Source Fool.com
