Published on 24 Mar 2024 on Motley Fool via Yahoo Finance
1 Magnificent Dividend Stock to Buy and Hold
There are plenty of dividend stocks on the market. However, some raise their payouts irregularly, while others don't have businesses that look robust enough to support payout growth for a long time. Ideally, income-seeking investors want to avoid these situations. They prefer dividend-paying companies that can afford to raise their payouts regularly and aren't at risk of reducing or suspending their dividend programs.
Let's look at one stock that can give income-seekers precisely what they want: Swiss pharma giant Novartis (NYSE: NVS).