I believe there are a few ASX dividend kings that can fit nicely into almost any share portfolio. Especially in the current market, dividend shares can be like gold in providing a steady income stream.
Here are a few of my favourite dividend picks that are worth holding for the long term.
3 ASX dividend kings to buy and hold forever
It's hard to look past Harvey Norman Holdings Limited (ASX: HVN). The Harvey Norman share price has fallen 13% lower in 2020 but that's not what caught my eye.
The Aussie retailer recently announced a special dividend for shareholders. The 6 cents per share distribution comes following strong sales during the coronavirus pandemic. The retailer had previously scrapped its planned 12 cents per share distribution in April.
Harvey Norman isn't the only ASX dividend king on my watchlist. I also like the look of Commonwealth Bank of Australia (ASX: CBA) right now.
CommBank announced an interim dividend of $2.00 per share in February in the pre-COVID-19 market. The largest of the Aussie banks reports its earnings before the other majors and paid investors prior to APRA calling on banks to defer or reduce dividends in April.
However, I think CommBank will bounce back strongly. The ASX bank share is down 15.7% in 2020 but has some strong momentum behind it. If you're willing to buy and hold forever, I think Commonwealth Bank remains a strong ASX dividend share.
I also like some of the ASX real estate investment trusts (REITs) for the long term. In terms of ASX dividend kings, it's hard to look past Scentre Group (ASX: SCG) right now.
Scentre shares are currently yielding 8.39% but I don't know if this will remain the case in the short term. Aussie retail is doing it tough even with considerable government stimulus measures in place.
However, if you're buying and holding forever, what happens today or tomorrow isn't too important.
With a strong balance sheet and significant real estate holdings, I think Scentre can remain a strong ASX dividend share for decades to come.
Foolish takeaway
These are just a few ASX dividend kings that I like the look of right now but there are plenty of good options on the market.
