Top Dividend Stocks to Buy Now and Hold for the Long Term
Johnson & Johnson and Altria Group are two dividend stocks trading near 52-week lows that investors should consider buying and holding for at least a decade. Despite recent boosts from the Federal Reserve, these stocks are still down over the past year. Johnson & Johnson's strong presence in the medical technology and pharmaceutical sectors, along with its pricing power and patent-protected market exclusivity, make it an attractive investment. Altria Group, despite declining cigarette sales, has a long history of raising its dividend payout and is expected to offset volume declines with price increases and non-combustible products. Both stocks offer above-average yields and have the potential for long-term growth.