3 Dividend Aristocrats to Buy and Hold Forever
Dividend Aristocrats are an exclusive group of S&P 500 companies that have paid and increased their dividends every year for at least 25 years straight. These companies tend to have stable, cash-generating business models that are perfect for uncertain economic conditions -- such as the one we are in now with the coronavirus pandemic.
If you are looking to invest in companies that are members of this rather exclusive group, here are three Dividend Aristocrats to consider buying and hold forever. The first pick is Walmart (NYSE: WMT), a blue-chip retail giant with a fast-growing e-commerce segment. Next is Hormel Foods (NYSE: HRL), an American food processor set to dramatically outperform the market. And finally, we have Clorox (NYSE: CLX), a diversified manufacturer of cleaning supplies essential in the fight against COVID-19. Let's take a closer look at each.
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Source Fool.com
