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3 Dividend Stocks To Buy And Hold For A Long Time

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It is the time of the year, when companies would start declaring dividends. Some of these companies have been declaring dividends for the last several years now. Here are a few stocks that are good to buy and hold for their strong dividends.

 

Oracle Financial Services

Oracle Financial Services

This company declared last year a dividend of Rs 200 per share. We believe given that the profitability is expected to remain the same for this year as well, and the company would continue to declare a dividend of Rs 200 per share for 2021-22. On the current market price of Rs 3580, the dividend yield on the stock works to around 5.61%, which is not bad.

The company is a leading player in the bank and insurance software business with good growth prospects, which also makes the stock attractive at these levels.

Castrol India
 

Castrol India

This is another stock that is good for its dividend yield. For the year ending December 2021 Castrol India declared a dividend of 110.00% amounting to Rs 5.5 per share. At the current share price of Rs 104.80 this results in a dividend yield of 5.25%.

Like Oracle Financial Services, this is another multinational stock and a leading player in the lubricants business. The quarterly numbers have been steady and hence we do not expect any change in the dividend. The stock is also attractive in terms of valuations, which makes it an interesting pick.

Gulf Oil Lubricants

Gulf Oil Lubricants

This is another player like Castrol India, which is from the lubricants space. The company For the year ending March 2021 declared an equity dividend of 800.00% amounting to Rs 16 per share. At the current share price of Rs 449.15 this results in a dividend yield of 3.56%.

Again, all of the stocks mentioned above have good growth prospects and a steady track record of paying dividends. Apart from this a stock like Gulf Oil is quoting at a p/e of just 11 times trailing EPS. This makes the stock also attractive for long-term investors to buy.

Disclaimer

Disclaimer

Please note investing in equities is risky. The author nor Greynium Information Technologies Pvt Ltd would be responsible for losses based on the above article. Please consult a professional advisor and understand the risks before investing in stocks.

Story first published: Wednesday, April 20, 2022, 10:13 [IST]
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