It’s been tougher to recommend dividend stocks to buy and hold in the past two years given the rise in interest rates.
After all, when you can buy a short-term Treasury bill that pays more than 5% and is fully backed and guaranteed by the U.S. government, opting for a dividend stock yielding 2.5% hardly seems sensible. Worse still, the average dividend yield of S&P 500 stocks is 1.52%.
Fortunately, for lovers of dividend stocks, it’s the total return that matters, not the dividend yield.
With that in mind, here are three top quality dividend stocks to buy and hold for many years to come.
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