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3 Dividend Stocks With Wide Economic Moats

When investors are looking for long-term buy-and-hold investments, there are different angles to consider. Resilience during recessions, strong management, sound fundamentals, such as high margins and returns on capital, and healthy balance sheets are positives.

Another important factor to consider is the concept of economic moats. This concept was popularized by legendary investor Warren Buffett and can be explained as a form of durable competitive advantage. Some wide moat stocks are well-positioned to endure long-lasting advantages versus competitors, due to their strong brands, network effects, cost advantages, technological leadership and more.

This makes it very hard for competitors to gain market share versus these companies. In turn, this allows for above-average growth rates, as well as industry-leading profit margins. These factors make wide-moat dividend stocks like the three listed here attractive for investors.

This post appeared first on InvestorPlace.