3 Magnificent Dividend Stocks That I'm "Never" Selling
You can never say never when it comes to investing. But when I look at my portfolio, I see Procter Gamble (NYSE: PG), Hormel Foods (NYSE: HRL), and (NYSE: HSY) and I think of them as "never-sell" stocks. That's true even though two of them are currently facing notable adversity (which might make them attractive buys for anyone who doesn't own them).
Here's why I'm holding on to this trio of reliable dividend-paying consumer staples stocks, and "never" selling.
I wouldn't fault someone for buying Procter Gamble, usually just called P by investors, today. Although the 2.3% dividend yield is only middle of the road historically speaking, it suggests a fair valuation for one of the most iconic consumer staples companies on the planet. But not too long ago P was dealing with a bloated and stagnant business, weighed down by brands that weren't really contributing to the top or bottom lines. At that point, P was deeply unloved and the yield was closer to 4%.
Source Fool.com
Hershey Co. Stock
Our community is currently low on Hershey Co. with 4 Buy predictions and 10 Sell predictions.
However, we have a potential of 3.56% for Hershey Co. as the target price of 146 € is above the current price of 140.98 €.
