Pursuing Steady Earnings Over Extended Periods? Consider These 3 Stocks for Long-term Investment.
Want a reliable source of income that lasts for decades? Check out these three stocks that you should consider buying and holding for an eternity.
1. Chevron
Chevron, aka CVX (-0.23%), has a fantastic dividend history. The company has increased its dividend for an astonishing 37 consecutive years! Its current forward dividend yield of 4.15% is also quite attractive.
Chevron was originally known as Pacific Coast Oil Company and was established way back in 1879. Now, it ranks as the world's third-largest oil and gas producer with a market cap of over $280 billion and an annual revenue of almost $200 billion.
Despite predictions that the world's oil reserves would deplete, Chevron has consistently proven naysayers wrong. The oil giant has massively exceeded its production and sales in net reserve additions between 2013 and 2023. Advancements in technology should allow the company to maintain its production levels for years to come.
An exciting technology that could help Chevron keep its profits flowing is carbon capture and storage (CCS). In 2023, the company expanded a joint venture to build the largest CCS hub in the US. By the end of this decade, Chevron aims to capture 25 million metric tons of carbon per year through this venture.
2. Pfizer
Pfizer paid its 345th consecutive quarterly dividend on January 24, 2025. The pharmaceutical giant has increased its dividend every year since 2010. With a forward dividend yield of 6.51%, income investors are bound to love Pfizer’s guaranteed payments.
Charles Pfizer and Charles Erhart established Pfizer in 1849. Today, Pfizer is a drugmaker behemoth with a market cap of around $150 billion and an annual revenue of nearly $60 billion. The pharmaceutical powerhouse boasts a dozen blockbuster drugs, such as blood thinner Eliquis and oral COVID-19 antiviral therapy Paxlovid.
Despite some challenges, such as several top products losing patent protection and Medicare price negotiations, Pfizer is poised to triumph. The company has several profitable new drugs and a promising pipeline with 108 candidates in clinical development.
3. Verizon Communications
Verizon Communications has been handing out dividends consistently for 18 consecutive years. Its forward dividend yield of 6.98% will provide an excellent passive income source.
Technically founded in 2000 through the merger of Bell Atlantic and GTE, Verizon's backbone covers Bell Atlantic's roots, which date back to 1877 with the creation of the American Bell Telephone Company.
As of 2025, Verizon is among the world's biggest telecom companies with a market cap of $163 billion and an annual revenue of roughly $134 billion. The company is also gearing up for bigger things with the acquisition of Frontier Communications.
Mergers and acquisitions are an important part of Verizon’s growth strategy, while the anticipated rollout of 6G networks provides an additional growth opportunity for the telecom giant.
Insights from Enrichment Data
- Chevron has a dividend yield of 4.5% with a recent 5% increase, indicating confidence in its future prospects. The company's robust business model ensures its ability to continue and potentially increase dividends.
- Pfizer offers a strong financial foundation, generating significant cash flow from its pharmaceutical portfolio. The pharmaceutical giant has a history of maintaining and growing its dividend, but specific details on recent growth rates are not provided.
- Verizon's long divisional growth track record, high yield, and promising pipeline ensure a secure and potentially increasing dividend strategy. The company's acquisitions and the anticipated 6G rollout are growth opportunities.
Based on the text, here are two sentences that contain the words 'finance', 'money', and 'investing':
- If you're looking to invest your money in reliable income sources, Chevron, Pfizer, and Verizon Communications are three stocks that have consistently increased their dividends for decades, providing a steady finance stream for their investors.
- In the world of finance and investing, Chevron, Pfizer, and Verizon Communications have proven to be strong performers, offering handsome dividend yields and promising growth outlooks, making them attractive choices for income-oriented investors looking to secure and grow their money.
