5 Buy And Hold Forever Dividend Stocks

By Jeff Fleming With the wild market fluctuations lately people are trying to figure out where to put their money. I suggest solid companies that have paid solid dividends even during the current economic situation. I will outline five of those that I think are solid dividend plays to buy and hold because they’re not going anywhere anytime soon. Altria Group. (MO): Shares are currently trading around $28.27 at the time of this writing, just $2 shy of their 52-week high of $30.40. Altria has a market cap of $58.4B based on current market price. Altria just increased its dividend in the 3rd quarter from 38 cents to 41 cents. Last year it paid $1.55 in dividends with an EPS of $1.67. That gives Altria a yield of 5.74%; not too bad at all. If it stays at the current payout level next year it will yield $1.64/share in dividends. According to its website, Altria has increased its dividend 45 times in the last 42 years. It also reports that Altria hasn’t missed a dividend payment since at least 1989; although some were in the form of stock splits instead of cash. Unfortunately the stock is mostly tied to smoking…

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