WSO - 3 Dividend Stocks You Can Safely Hold for Decades
The dividend yield ranges from around 2.5% for Watsco (NYSE: WSO) and ABB (NYSE: ABB) to 3.4% for 3M (NYSE: MMM) , but that's about it in terms of similarity for these three businesses. Of course, the three stocks offer vastly different investment propositions, but their one thing in common is the potential to pay dividends for many years to come. Here's why.
The heating, ventilation, air conditioning, and refrigeration (HVACR) distributor is the leading player in a highly fragmented market. According to Watsco, the company's revenue is slightly more than the combined revenue of the second to fourth most significant players. It's a level of strength created by a "buy and build" acquisition strategy.
Watsco helps ensure residential customers' air conditioning is working adequately. Image source: Getty Images.
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3 Dividend Stocks You Can Safely Hold for Decades