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2 Dividend Stocks You Can Safely Hold for Decades

DATE POSTED:August 2, 2020

Generating passive income from your investments is an easy way to build and accumulate wealth over the years. The best income-producing stocks to hold in your portfolio are the ones that you can just tuck away for decades and not worry about. They'll simply continue paying (and hopefully increasing) dividends over the years, allowing your portfolio to grow over time.

The stocks listed below pay and regularly increase their dividends, are household names, and are likely to continue to be good investments decades from now. These are two stocks you can safely buy for the long haul.

Johnson & Johnson (NYSE: JNJ) is a top healthcare company known by consumers all around the world for its various products and drugs. The New Jersey-based company released its second-quarter results on July 16, and while it's not immune to the impact of COVID-19, it was still able to post a profit of $3.6 billion on sales of $18.3 billion. Revenue declined 10.8% year over year, but one segment that did well was pharmaceutical, where revenue grew by 2.1%.

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