When it comes to dividend stocks, many investors like to “set and forget” their portfolios and put them on virtual autopilot.
That kind of strategy for dividend stocks isn’t something I advocate, because I’m never comfortable with simply buying and holding and then forgetting about a position. I mean, it just doesn’t sit well with the trader in me.
Still, it’s hard to argue the efficacy of the set-and-forget strategy for dividend stocks, especially if you’ve owned a basket of some of Wall Street’s best-performing stalwart dividend stocks in the past few years.
So far this earnings season, some of Wall Street’s biggest dividend stock bellwethers have reported results for their respective fourth quarters, and what we’ve seen so far is a continuation of the strength in many of these big-name dividend stocks.
Here are five set-and-forget dividend stocks that just gave investors another quarter to kick back, relax, and smile all the way to the bank.