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If you were forced to sell everything you own, put it in a tax-deferred or tax-free account, invest it in 5 publicly traded stocks, reinvest the dividends, and not be able to make a single change to the portfolio for the next 50 years,
at which point you could break open the safe deposit box and cash in your holdings, which companies would you choose and, more importantly, why? In this scenario, low-cost index funds are off the table – you must choose individual stocks. You can’t change your mind once the buy order is submitted. Let’s also assume you can add to the positions at any time by depositing fresh cash but you can’t sell.
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The Eight Things I Would Look for in a Long-Term Dividend Stock
First, I would look for a handful of important things in a long-term dividend stock if I couldn’t buy when it was undervalued and then sell when it reached intrinsic value:
* Each of the companies must generate significant cash in currencies throughout the world, not relying on a single nation
* Each of the companies must consists of a collection of companies rather than a single business
* Each of the businesses should be old, established, and have an institutional dynamic that lends itself to stability, forward-looking growth and creating leaders through the company culture
* Each company should have a good historical record of returning capital to shareholders in the form of cash dividends, spin-offs, and share repurchases
* Each company should have considerable pricing power, serving as a natural hedge against inflation to protect the company’s return on equity rate when input costs are rising
* Each company should have unparalleled distribution systems
* Each company should sell products or services to which consumers are deeply, and passionately, connected
* Each company must be lasting and unlikely to fundamentally change with technology
While these characteristics don’t guarantee that the dividend stocks I choose will beat the market, they do embody the traits of companies that have generated very good long-term rates of return over the past 100+ years.
ที่เดิม..
Using the criteria we have established, there aren’t a lot of companies left from which to choose. At this point, there is some degree of personal preference. But in my case, the list would come down to five dividend stocks:
* Johnson & Johnson (Pharmaceutical and Consumer Goods)
* The Coca-Cola Company (Beverages)
* General Electric (Conglomerate)
* Procter & Gamble (Consumer Goods)
* Nestle (Packaged Food)
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