In this article we discuss the 5 best dividend stocks to buy for long-term gains. If you want to read our detailed analysis of these companies, go directly to the 10 Best Dividend Stocks to Buy for Long-Term Gains.
5. Johnson & Johnson (NYSE: JNJ)
Forward Dividend Yield: 2.57%
Number of Hedge Fund Holders: 81
Johnson & Johnson (NYSE: JNJ) is an American multinational medical company specializing in the production of medical devices, pharmaceuticals, and consumer packaged goods. The company was found in 1886 and is ranked 5th on our list of the best dividend stocks to buy for long-term gains.
Johnson & Johnson (NYSE: JNJ) is a pioneer in the pharmaceutical, consumer healthcare, and medical services sector. Johnson & Johnson’s (NYSE: JNJ) medical device sales went down last year, mostly because surgery patients canceled or postponed their operations because of the pandemic, but at the same time, its pharmaceutical and consumer healthcare sectors were able to make up for the losses.
The company has also consistently and reliably paid out dividends to its shareholders for the past 59 years. Johnson & Johnson’s (NYSE: JNJ) cash dividend payout ratio for the past 12 months was 51%.
4. The Coca-Cola Company (NYSE: KO)
Forward Dividend Yield: 3%
Number of Hedge Fund Holders: 61
The Coca-Cola Company (NYSE: KO) is a name everyone in the world must have heard at least once. This American multinational beverage company is ranked 4th on our list of the best dividend stocks to buy for long-term gains.
3. Brookfield Renewable Partners L.P. (NYSE: BEP)
Forward Dividend Yield: 3.02%
Number of Hedge Fund Holders: 24
Ranked 3rd on our list is Brookfield Renewable Partners L.P. (NYSE: BEP), a publicly-traded limited partnership. The company owns and manages renewable power assets, with headquarters in Toronto, Ontario, Canada. It is 60% owned by Brookfield Asset Management.
Last month, Brookfield Renewable Partners L.P. (NYSE: BEP) announced robust financial records according to its Q1’21 report. The company’s revenue stood at $1.02 billion. Brookfield Renewable Partners L.P. (NYSE: BEP) also recently signed around 29 agreements for 2300 GWh of renewable energy generation. The agreements were signed with major players in all essential industries.
2. AbbVie Inc. (NYSE: ABBV)
Forward Dividend Yield: 4.6%
Number of Hedge Fund Holders: 72
AbbVie Inc. (NYSE: ABBV) is a US-based publicly traded pharmaceutical company founded in 2003. With a dividend yield of 4.6%, the company earned 2nd place on our list of the 10 best dividend stocks to buy for long-term gains.
Last month, AbbVie Inc. (NYSE: ABBV) announced solid financial records in its Q121 report, showing a rising revenue of 50.95% year-over-year, valued at over $13 billion. The company’s net income too, rose by 18%.
1. AT&T Inc. (NYSE: T)
Forward Dividend Yield: 7.11%
Number of Hedge Fund Holders: 63
With the highest dividend yield on this list, AT&T Inc. (NYSE: T) is ranked 1st on the list of the best dividend stocks to buy for long-term gains. The company is an American multinational conglomerate holder. AT&T Inc. (NYSE: T) is also the world’s largest telecommunications company and the second largest provider of mobile telephone services.
Recently, the company announced an all-but-done agreement to combine Warner Media’s entertainment and news assets with content created by Discovery. All this, to establish a new global entertainment company. If the merger is successful, the emerging new company will be one of the largest actors in the entertainment industry.
Nelson Capital Management, in its Q1 2021 investor letter, mentioned AT&T Inc. (NYSE: T). Here is what Nelson Capital Management has to say about AT&T Inc. in its letter:
“Nelson Capital stayed busy i n t he first quarter, making several adjustments within our core portfolio. In the communication services sector, we sold AT&T (tkr: T). Over the years, AT&T has made several poor acquisitions, especially in the content realm, leaving the company saddled with debt and unable to change directions.”
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