Stocks

3 High-Yield Dividend Stocks to Buy and Hold Forever

Published October 1, 2024

Investors often look for stable dividend-paying stocks to balance their portfolios, seeking reliable income streams that can provide financial security in a variety of market conditions. Among the vast array of options, particular attention is warranted for stocks that do not only offer attractive yields but are also positioned well for long-term growth. It is within this framework that the following three high-yield dividend stocks are brought to light: Verizon Communications Inc. VZ, Clearway Energy, Inc. CWEN, and Ford Motor Company F. Each company not only boasts a dividend yield exceeding 5% but also has compelling reasons to consider them as long-term holds in an investment portfolio.

Verizon Communications Inc. VZ

VZ is a titan in the telecommunications sector, with its roots deeply embedded in American infrastructure. As a crucial component of the Dow Jones Industrial Average, Verizon benefits from a vast wireless network and a customer base that relies on its services daily. The company's endeavors in expanding its technological capabilities and infrastructure, especially in the face of the ongoing 5G revolution, are set to keep it at the forefront of its industry. Headquartered in New York City and incorporated in Delaware, VZ offers investors not just a high dividend yield but also the potential for stability and growth amidst an ever-evolving digital landscape.

Clearway Energy, Inc. CWEN

On the forefront of the transition towards renewable energy is CWEN, participating avidly in the renewable energy sector in the United States. The green energy wave presents a substantial growth opportunity for Clearway Energy, which is focused on wind, solar, and natural gas projects. As the world increasingly moves toward sustainable and clean energy sources, CWEN is well-positioned to capitalize on this shift. The company's commitment to reliable and environmentally-friendly energy production resonates well with the growing consumer demand and government policies that favor green energy initiatives, making it a compelling choice for investors focused on future trends as well as current yields.

Ford Motor Company F

The storied automaker F, known globally for its contribution to the automotive industry, is in the midst of a transformative phase. With its headquarters in Dearborn, Michigan, Ford has been steering towards electrification of its fleet, aligning with cleaner technology and responding to the seismic shifts in consumer preferences. Ford's commitment to innovation with its investments in electric and autonomous vehicles signals a promising trajectory for long-term growth. Despite the challenges inherent to the automotive sector, F has continued to display resilience and dedication to its dividend, illustrating its value proposition as a high-yield investment that stands the test of time.

dividend, investment, growth