3 High-Yielding Dividend Stocks You Can Buy and Forget About
Dividend stocks should ideally be buy-and-forget investments that you don't have to worry about. With the stocks being featured today, you won't need to continuously check on if their payouts are safe and if the dividend income you earn from them will suddenly dry up. CVS Health (NYSE: CVS), Home Depot (NYSE: HD), and Toronto-Dominion Bank (NYSE: TD) all offer above-average payouts that you can count on for the long haul. Let's find out a bit more about these three dividend stocks you can buy and forget about.
CVS Health is a top name in healthcare with its retail pharmacies and health insurance business Aetna giving investors a great way to gain exposure to the industry. Although its profit margins aren't huge, the business is a fairly safe bet to stay in the black; over the trailing 12 months, it has reported an operating profit of $15.9 billion on revenue of $315.2 billion.
The company also continues to look for ways to get bigger and more diversified. Earlier this year, it announced plans to acquire home health company Signify Health for $8 billion. With CVS generating $19.5 billion in free cash flow during the past year, the company is in great shape to pursue growth opportunities while still paying its dividend, which cost it just $2.8 billion during that time frame.
Source Fool.com
