VZ - 3 High-Yield Dividend Stocks You Could Hold for Years
High-yield dividend stocks can be powerful wealth-building tools. The businesses behind them may not be high-growth operations, but when it's done right, investing in such stocks can generate gobs of income you can use right now or reinvest to bolster your portfolio's long-term returns.
The key phrase above was "when it's done right." That means identifying companies with the ability to generate good returns over long periods and buying their stocks at reasonable or good prices. Three stocks that fit this definition today are Valero Energy (NYSE: VLO) , Verizon Communications (NYSE: VZ) , and Tanger Factory Outlet Centers (NYSE: SKT) .
Over the past decade, only a few oil and natural gas companies have beaten the S&P 500 on a total return basis. And they weren't the major integrated oil companies, the oil and gas services companies, independent producers, or the pipeline companies. The biggest winners in the oil and natural gas industry over the past 10 years were all refining and processing companies: Valero, Marathon Petroleum , and Cheniere Energy .
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3 High-Yield Dividend Stocks You Could Hold for Years