Three Long Term Dividend Stocks to Buy

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Concerns about a faltering economy, soaring inflation, and the Feds aggressive approach have caused market volatility. As these reasons seem to keep the market under pressure, it may be advisable to invest in dividend-paying stocks.

Dont Miss These Three Stocks.

It would be advisable to buy and hold Johnson & Johnson stocks (NYSE:JNJ), CVS Health Corporation stocks (NYSE:CVS), and AT&T Inc. stocks (NYSE:T) for the long term.

Johnson & Johnson (JNJ)

JNJ develops, manufactures, and sells health-related goods.

JNJs four-year dividend yield is 2.60%, while its current dividend is 2.73%. Since 1959, the corporation has paid dividends.

JNJs second-quarter net sales grew 3% year-over-year to $24.02 billion. Gross profit increased 2.4% to $16.10 billion. JNJ stocks have improved little in the previous nine months to $165.39.

CVS Inc. (CVS)

CVS operates four segments: Health Care Benefits, Pharmacy Services, Retail/LTC, and Corporate/Other. Wellness services, health insurance, pharmacy services, and prescription medication coverage are offered.

CVSs four-year dividend yield is 2.80%, while its current dividend is 2.15%. Dividends grew 2.4% during the last three years and 2.2% over the past five.

CVS acquired Signify Health (SGFY) on September 5, 2022, to enhance its value-based care strategy. This purchase should help the firm create new products.

Analysts estimate CVSs EPS and sales for the September 30, 2022 quarter to climb 1.3% and 4%, respectively, to $2 and $76.78 billion. In the last four quarters, it beat EPS forecasts. The stock has risen 18.6% year-to-date, closing at $102.26

AT&T (T)

T is a worldwide leader in telecom, media, and technology. Communication, WarnerMedia, and Latin America are the companys sectors.

Ts four-year dividend yield is 6.91%, and its current dividend is 6.62%. The firm paid a quarterly dividend of $0.28 on August 1, 2022.

On August 30, 2022, T announced the extension of its fiber internet services to Arizona. John Stankey, Ts CEO, stated, Fiber is hands-down the greatest technology to offer high-speed internet, and this expansion is enabling AT&T to roll out service to the Mesa area rapidly.

On August 4, 2022, the business and Warner Bros. Discovery signed a deal enabling T to continue delivering internet and mobile clients access to HBO Maxs original content and series library. This deal proves the companys quality and is a step toward its future success.

AT&T (T) fiscal second-quarter net income climbed 164.8% year-over-year to $4.16 billion. The companys operational costs declined 12.3% from the year-ago figure to $24.69 billion. EPS rose 154.5% to $0.56.

The firm has an exceptional profits surprise history; it outperformed the consensus EPS projections in the previous four quarters. Over the last six months, the stock has fallen 3.4% to conclude the latest trading session at $16.77.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Daily Jaipur journalist was involved in the writing and production of this article.