Yahoo Finance 2 Excellent Dividend Stocks to Buy and Hold for Decades
If you?re on the prowl for great dividend stocks to buy and hold for decades, then I?ve got two that I think you will love. Let?s take a closer look at each, so you can determine if you should buy one or both today.
Telus Corporation
Telus Corporation (TSX:T)(NYSE:TU) is Canada?s third-largest and fastest-growing national telecommunications company with approximately 12.68 million subscriber connections as of March 31.
It currently pays a quarterly dividend of $0.4925 per share, representing $1.97 per share on an annualized basis, and this gives it a yield of about 4.3% at today?s levels.
A 4.3% yield for one of the country?s most well-known and trusted brands may have earned Telus a spot on your buy list already, and the fact that it?s one of the market?s best dividend-growth stocks should put it near the top. It has raised its annual dividend payment for 13 consecutive years, and its recent hikes, including its 4.3% hike in November 2016 and its 2.6% hike earlier this month, have it on pace for 2017 to mark the 14th consecutive year with an increase.
Telus will continue to be one of the market?s best dividend-growth stocks going forward too. It has a dividend-growth program in place that calls for annual growth of 7-10% through 2019, and I think its very strong operational performance, including its 5.7% year-over-year increase in earnings per share to an adjusted $0.74 per share, and its 1.9% year-over-year increase in subscribers to 12.68 million in the first quarter of 2017, will allow it to complete this program and announce a new one that runs into the late 2020s.
Finning International Inc.
Finning International Inc. (TSX:FTT) is the world?s largest Caterpillar dealer. It sells, rents, and provides parts and services for equipment and engines to customers across western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland.
Finning currently pays a quarterly dividend of $0.1825 per share, equal to $0.73 per share on an annualized basis, which gives it a yield of about 2.8% at today?s levels.
Finning may not have a yield over 3%, but what it lacks in yield it makes up for in growth. It has raised its annual dividend payment for 15 consecutive years, but this streak will end in 2017 if it does not declare an increased payment before the end of the year.
I think Finning will raise its dividend before the end of the year and will continue to be a reliable dividend grower in the future too. I think its strong financial performance, including its 11% year-over-year increase in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to $131 million and its 47.4% year-over-year increase in net earnings to an adjusted $0.28 per share in the first quarter of 2017, will allow its streak of annual dividend increases to continue in 2017 and beyond.
Which of these top dividend stocks should you buy today?
I think Telus and Finning represent very attractive long-term investment opportunities, so take a closer look at each and strongly consider initiating a position in at least one of them today.
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More reading
Income Investors: Why Telus Corporation Is a Buy and Hold Forever Stock
TFSA Investors: 2 Dividend-Growth Stocks That Yield up to 5.8%
Fool contributor Joseph Solitro has no position in any stocks mentioned. Finning International is a recommendation of Stock Advisor Canada.
1 Massive Dividend Stock to Buy Today (7.8% Yield!) - The Dividend Giveaway
The Motley Fool Canada's top dividend expert and lead adviser of Dividend Investor Canada, Bryan White, recently released a premium "buy report" on a dividend giant he thinks everyone should own. Not only that - but he's created a must-have, exclusive report that outlines all the alarming traits of dividend stocks that are about to blow up - and how you can avoid them.
For this limited time only, we're not only taking 57% off Dividend Investor Canada, but we're offering you special access to two brand-new reports, free of charge upon signing up. They will outline everything you need to know so you steer clear of dividend burn-outs AND take advantage of the dividend giants in the Canadian market.
While this offer is still available, you can find out how to get a copy of these brand-new reports by simply clicking here.
Fool contributor Joseph Solitro has no position in any stocks mentioned. Finning International is a recommendation of Stock Advisor Canada.
