3 Stocks I Will "Never" Sell
Although I'm a dividend-focused investor, I've reached a point where the yield is actually secondary to the business I'm buying. Sure, I want to maximize the dividend income I generate, but the quality of the company backing the payment is the real focus of my approach today. Which is why I'm planning to stick with core holdings like Nucor (NYSE: NUE), Realty Income (NYSE: O), and Eaton (NYSE: ETN) for the long term. Here's a look at each.
I bought Nucor years ago when steelmakers were out of favor, which is exactly when I like to buy great companies. The yield when I bought it was well more than twice the 1.5% dividend yield Nucor is offering up today. While I'm happily sitting tight, I also realize that the stock is expensive right now. Most investors would probably be better off waiting for the next industry downturn in this highly cyclical space.
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Source Fool.com
