We invest now so that we will have more later and it can take a number of years to build up wealth. That's why we stress to our Foolish readers to build up a portfolio of stable, strong stocks that will be there, still growing, in the long run. Warren Buffett, one of the most successful investors of our time, once said his perfect holding time of a stock was "forever". Large blue-chip stocks have some of the best chances to keep growing into the future and their steady dividends can make sure your investment income continues to roll in. Check out these three.
Insurance Australia Group Limited (ASX: IAG)
This company is the number one market-share leader in general insurance and operates under such successful brands as NRMA, CGU and SGIO. It is offering a 6.1% dividend yield that by itself is much better than a bank account to grow your money in.
Westpac Banking Corp (ASX: WBC)
One of the Big Four banks, Westpac also operates St. George Bank, RAMS Home Loans, BankSA and Bank of Melbourne. Its dividend yield is currently 5.2% and the bank has a track record of raising its full year dividends for the past four years.
Telstra Corporation Ltd (ASX: TLS)
We can't forget the telco giant that paid a solid 28 cents a share full year dividend consistently since 2007. It shows the staying power of the company as it transformed itself into a digital and mobile telecommunications leader. Even with its share price rising strongly in the last several years, its dividend yield is still a mouth-watering 5.3%. It should capitalise on its position as the number-one broadband service provider and grow into the South East Asia region.
