Remember Montgomery Ward, Lehman Brothers, and Pan Am? Investors who bought those stocks counting on receiving steady dividends throughout their lifetimes were sorely disappointed. Here are three dividend stocks that you can safely hold for decades.
AbbVie (NYSE: ABBV), the pharmaceutical giant behind the top-selling drug of the past decade, and Medical Properties Trust (NYSE: MPW), a real estate investment trust (REIT) that focuses on hospitals, both offer dividend yields that are way above average. AbbVie is a Dividend King that has raised its quarterly payout a whopping 288% since spinning off from Abbott Laboratories in 2013.
AbbVie (ABBV) offers to acquire Cerevel Therapeutics for $8.7 billion. J&J (JNJ) announces sales and earnings growth expectations for 2024.