7 Best Long-Term Dividend Stocks To Buy Now

While investment strategies differ with specific portfolio targets, all investors should identify a few of the best long-term dividend stocks to build the core of their investment portfolio strategy.

An easy way to pick stocks with long records of rising dividends is to pick a few companies from the Dividend Aristocrats group, or the Dividend Kings subset. These are S&P 500 stocks whose individual market capitalization exceeds $3 billion and that have boosted their annual dividend consecutively for at least the past 25 or 50 years, respectively.

Using our Dividend Screener tool, the seven equities on the list below are companies with the highest yields that also have a market capitalization of at least $1 billion, have delivered positive total returns over the trailing 12 months and have records of at least 10 years of consecutive annual dividend hikes.

Exxon Mobil Corporation (XOM)
Dividend Yield: 4.00%

Exxon Mobilhas enhanced its annual dividend payout amount every year for the past 36 consecutive years. Just over the past two decades, Exxon Mobil nearly quadrupled its annual dividend payout, which is equivalent to a 7.1% average annual growth rate. T

he company’s current $0.82 quarterly dividend amount corresponds to a $3.28 annualized payout and a 4% dividend yield. This current dividend yield is 8% higher than the company’s own 8.1% average yield over the past five years and is in line with the 3.98% average yield of the overall Basic Materials sector.

The current yield is also 23% higher than the 3.25% average yield of the Major Integrated Oil & Gas industry segment. In addition to the strong dividend income, Exxon Mobil also delivered rising asset appreciation.

While the company delivered a 0.3% total loss over the five-year period, the three-year total return was nearly 10%. Furthermore, the company’s total return over the past 12 months exceeded 14%.

Verizon Communications (VZ)  
Dividend Yield: 4.08%

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