5 Best Long-Term Dividend Stocks to Buy Now

In this article, we discuss 5 best long-term dividend stocks to buy now. If you want to read our detailed analysis of dividend investing in the current market environment, go directly to read 13 Best Long-Term Dividend Stocks to Buy Now. 

5. McDonald’s Corporation (NYSE:MCD)

Dividend Yield as of October 19: 2.44%

McDonald’s Corporation (NYSE:MCD) is another best dividend stock for long-term investment. The multinational fast-food chain raised its quarterly dividend by 10% to $1.52 per share on October 14. This was the company’s 46th consecutive year of dividend growth. Moreover, the company has raised its payouts at a CAGR of 7.98% in the past five years. As of October 19, the stock’s dividend yield came in at 2.44%.

In September, Stephens initiated its coverage on the stock with an Overweight rating and a $280 price target. The firm appreciated the company’s attractive value offerings on its menu, which would enhance its same-store sales in the upcoming quarters.

At the end of Q2 2022, 50 hedge funds tracked by Insider Monkey owned stakes in McDonald’s Corporation (NYSE:MCD), compared with 58 in the previous quarter. The consolidated value of these stakes is over $2.3 billion. Bridgewater Associates owned the largest position in the company in Q2.