In this article we discuss the 5 Best Long-Term Dividend Stocks to Buy and Hold. If you want to read our detailed analysis of the dividend investing strategy and our criteria for choosing these stocks, go directly to 10 Best Long-Term Dividend Stocks to Buy and Hold.
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind let’s take a look at the best long-term dividend stocks:
5. Altria Group (NYSE: MO)
Number of Hedge Funds: 37
Value of Hedge Fund Holdings: $1.08 billion
One of the biggest tobacco companies of the world Altria ranks 5th on the list of 10 best long-term dividend stocks to buy and hold. The company has increased its dividend for over 50 consecutive years. The company recently announced that it is “moving beyond” smoking by offering non-combustible tobacco and nicotine products. The stock is up 8% year to date.
Renaissance Technologies headed by Jim Simons owns a $377.8 million stake in the company as of the end of the fourth quarter.