3 Dividend Stocks to Hold for the Next 20 Years
To paraphrase investment legend Warren Buffett, when you buy a stock you should act like you're buying the whole company. That's how you need to think if you're looking to buy a stock and hold it for 20 years or more. If you can work within that framework, then you should be looking at 3M (NYSE: MMM), Federal Realty Investment Trust (NYSE: FRT), and Total (NYSE: TOT) today. All three look like they're on sale, and worth owning for decades to come.
Although 3M's 3.4% dividend yield may not seem huge, it is toward the high end of the company's historical dividend range, and hasn't been this high since the 2007-to-2009 recession. That suggests the shares are relatively cheap today. It's a cyclical stock, so the relatively cheap price makes some sense given the declines in economic activity from the coronavirus. However, for long-term investors, this is a buying opportunity.
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Source Fool.com
