13 Best Long-Term Dividend Stocks To Buy Now

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In this article, we will take a detailed look at the 13 Best Long-Term Dividend Stocks To Buy Now. For a quick overview of such stocks, read our article 5 Best Long-Term Dividend Stocks To Buy Now.

Dividend-paying companies with strong fundamentals and dividend growth history are expected to keep gaining traction as investors come to terms with the reality of the financial markets where volatility and uncertainty is far from over.  Earlier this month, Drew Matus, chief market strategist at MetLife Investment Management, said while talking to CNBC that when he looks at job numbers and other economic data he still expects a recession in 2024. Matus said unemployment is rising fast in several states of the US and if someone would "land on Planet Earth" and look at the US economy, they would expect the Federal Reserve to start raising interest rates instead of cutting them.

That's why in their 2024 outlook reports several investment firms highlighted the importance of dividend stocks that can weather recession and market turbulence. For example, according to Bloomberg, Franklin Templeton said in its 2024 outlook that dividend-paying companies with strong cash flows become attractive during market volatility but these companies are less prone to face weakness even during down cycles. Financial planning company Nuveen also said that amid valuation issues, it is not extremely positive on large-cap stocks but it is bullish on dividend growers.

Best Long-Term Dividend Stocks To Buy Now

Image by Steve Buissinne from Pixabay

Methodology

For this article we consulted several credible investing-related websites to see what are the best long-term dividend stocks to buy now according to mainstream financial media, analysts and experts. From our research we selected 13 dividend stocks which are the most popular in the financial media these days. These stocks have decades of consistent dividend growth and strong fundamentals to sustain these dividends. The list is ranked in ascending order of the number of hedge fund investors. Why? Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).

13. US Bancorp (NYSE:USB)

Number of Hedge Fund Investors: 29

With 14 years of consistent dividend growth, US Bancorp (NYSE:USB) is one of the top dividend growth stocks that are popular among analysts and investors.

US Bancorp (NYSE:USB) has a dividend yield of about 4.6%.

As of the end of the third quarter of 2023, 29 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in US Bancorp (NYSE:USB). The biggest stakeholder of US Bancorp (NYSE:USB) was Jean-Marie Eveillard's First Eagle Investment Management which owns a $295 million stake in US Bancorp (NYSE:USB).