3 Magnificent Dividend Stocks That I'm "Never" Selling
As a long-term dividend-focused investor, I face the very real risk that I end up falling in love with a stock. That could lead me to miss important cues if (or perhaps when) a company's business falters. However, I've sold great companies before (one is on this list) and regretted it, which is why I'm planning to never sell Realty Income (NYSE: O), Procter Gamble (NYSE: PG), and Hormel Foods (NYSE: HRL).
Here's a quick look at why.
I bought Realty Income a very long time ago when it was yielding more than 10%, largely because real estate investment trusts (REITs) were still a niche sector on Wall Street. When the yield fell to around 4%, I sold it, collecting a sizable capital gain. But I ended up missing out on years of dividend growth and, honestly, I regretted the short-term decision I made. As luck would have it, another REIT I owned was bought by Realty Income, and I'm a happy shareholder again. I won't be selling it a second time.
Source Fool.com
