Business News 3 Stocks to buy and have forever

3 Stocks to buy and have forever

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The shares of dividends are assets that every investor should buy and hold forever in your portfolio, while getting regular income from such investment .

Stocks forever pay dividends regardless of what’s going on with the overall economy. This quality has turned these businesses into ATMs that never run out.

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Here are the top three examples in this category, according to investing.com:

Coke

Coca-Cola (NYSE: KO ), the Atlanta-based food and beverage giant, is an ideal asset to keep forever.

Like many consumer brands, Coca Cola has also suffered a severe hit to its sales due to the COVID-19 pandemic, as sales at amusement parks and theaters were disrupted by lockdown measures. But the company’s balance sheet remains strong, and its management is confident of its liquidity position.

At a time when consumers are becoming more health conscious and moving away from sugary drinks, the company is expanding its offering of healthy products.

Coca-Cola is acquiring emerging beverage companies to improve its image for health-conscious customers and to find new areas for growth. His latest investments include Honest Tea, Fairlife dairy, and Suja Life LLC.

Nike (NYSE: NKE)

Sportswear giant Nike (NYSE: NKE) is another great candidate for long-term investors. The company has a strong financial position and is able to withstand the weakening from the COVID-19 pandemic.

The strength of the Nike brand and the resilience of its business model were demonstrated by the successful execution of its e-commerce strategy during the pandemic when most of its stores had to close. Chief Executive Officer John Donahoe told investors that the company’s e-commerce operations remain “in growth mode,” despite the knock on demand from the coronavirus outbreak.

Wall Street analysts have also advised clients to keep their stakes in Nike even though profits were weighed down during the pandemic that forced the giant to close its stores. The Air Jordan shoemaker is well-positioned for long-term growth, given its strong brand recognition and continuous improvement of its digital capabilities.

Verizon (NYSE: VZ) Communications

Telecommunications utilities encompass many of the qualities of an asset forever. No matter which way the economy is headed, wireless and internet connections will likely be the last items consumers would remove from their must-have lists. This predictability makes them valuable stocks to keep in your retirement portfolio.

Verizon Communications (NYSE: VZ), one of the largest telecommunications providers in the United States, has consistently reported profits, increasing dividends for 30 years.

Its quarterly dividend of $0.6275 per share has risen more than 50% since Verizon’s shares began trading in 2000, following the merger between Bell Atlantic and GTE. Its stocks are offering a solid 4.14% annual return, which is not bad when compared to the average return of just 1.7% offered by S&P 500 companies.

Rob Funner
Rob Funner is a The Advertiser Mirror correspondent who covers politics, business, money, lifestyle, entertainment, technologies and worldwide news. Rob is a talented young man who works in journalism and as a filmmaker.

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