7 ‘Set and Forget’ Dividend Stocks for Long-Term Wealth

Automatic Data Processing (ADP)

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As I have argued previously, this makes ADP stock a top choice among stocks to buy and hold for years, decades, or even over several generations.

American Water Works (AWK)

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AWK has a 2.14% annual dividend yield. Payouts have grown by an average of 9.31% per year over the past five years.

L3Harris Technologies (LHX)

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Regarding dividend growth, LHX has increased payouts 22 years in a row, hence the “aspiring aristocrat” moniker for this 2.19%-yielding stock.

Next Era Energy (NEE)

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Speaking of earnings growth, don’t forget such growth also points to further increases in this “aristocrat’s” quarterly payouts.

Starbucks (SBUX)

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The ubiquitous coffee chain still has a ways to go before becoming an “aristocrat” itself.

Snap-On (SNA)

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The industrial tool maker’s dividend (current forward yield of 2.62%) has increased by 14.5% on average annually over the past five years.

Visa (V)

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That is, payouts for V stock have grown by around 16.3% on average annually over the past five years. Such payout growth may be poised to continue.

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