5 Best Stocks to Buy and Hold for a Lifetime

In this article, we discuss 5 best stocks to buy and hold for a lifetime. If you want to read our detailed analysis of income-generating dividend stocks and their previous performance, go directly to read 12 Best Stocks to Buy and Hold for a Lifetime.

5. Black Hills Corporation (NYSE:BKH)

5-Year Average Revenue Growth Rate: 8.72%

Black Hills Corporation (NYSE:BKH) is an American utility company that provides electric and natural gas services to residential, commercial, and industrial customers. The company offers a quarterly dividend of $0.625 per share and has a dividend yield of 4.84%, as of November 19. It is one of the best stocks to buy and hold as the company has been growing its dividends for 52 consecutive years.

The number of hedge funds tracked by Insider Monkey owning stakes in Black Hills Corporation (NYSE:BKH) grew to 20 in Q2 2023, from 18 in the preceding quarter. The consolidated value of these stakes is more than $113.4 million.

4. H.B. Fuller Company (NYSE:FUL)

5-Year Average Revenue Growth Rate: 10.21%

H.B. Fuller Company (NYSE:FUL) is a global specialty chemicals company that provides adhesives, sealants, and other chemical products used in various industries and applications. The company pays a quarterly dividend of $0.205 per share, having raised it by 8% in June this year. This was the company’s 54th consecutive year of dividend growth, which makes FUL one of the best stocks to buy and hold. The stock’s dividend yield on November 19 came in at 1.09%.

At the end of the second quarter of 2023, 25 hedge funds in Insider Monkey’s database owned stakes in H.B. Fuller Company (NYSE:FUL), growing from 20 in the previous quarter. The overall value of these stakes is over $178.6 million. Among these hedge funds, P2 Capital Partners was the company’s leading stakeholder in Q2.

3. Archer-Daniels-Midland Company (NYSE:ADM)

5-Year Average Revenue Growth Rate: 10.8%

Archer-Daniels-Midland Company (NYSE:ADM) is an American food processing and commodities trading company, based in Illinois. On November 1, the company announced a quarterly dividend of $0.45 per share, which was in line with its previous dividend. The company holds a 50-year streak of consistent dividend growth. As of November 19, the stock has a dividend yield of 2.43%.

The number of hedge funds tracked by Insider Monkey owning stakes in Archer-Daniels-Midland Company (NYSE:ADM) stood at 32 in Q2 2023. The total value of these stakes is more than $676 million.

2. S&P Global Inc. (NYSE:SPGI)

5-Year Average Revenue Growth Rate: 13.02%

S&P Global Inc. (NYSE:SPGI) is a New York-based capital market company that provides financial information, analytics, and data to businesses, governments, and investors worldwide. the company currently pays a quarterly dividend of $0.90 per share and has a dividend yield of 0.88%, as of November 19. It is one of the best stocks to buy and hold as the company has grown its dividends for 50 years running.

At the end of Q2 2023, 82 hedge funds in Insider Monkey’s database owned stakes in S&P Global Inc. (NYSE:SPGI), worth roughly $8.3 billion in total.

1. AbbVie Inc. (NYSE:ABBV)

5-Year Average Revenue Growth Rate: 15.52%

An American multinational pharmaceutical company, AbbVie Inc. (NYSE:ABBV) tops our list of the best stocks to buy and hold with a 5-year average revenue growth of 15.52%. The company has consistently increased the amount it pays to shareholders in dividends for 51 years without interruption. Presently, the company pays a dividend of $1.55 for each share held every quarter. As of November 19, the stock has a dividend yield of 4.48%.

You can also take a look at 14 Value Stocks to Buy With High Dividend Yields and Jim Cramer Recommends Selling These 10 Stocks