3 Monster Dividend Stocks to Buy Now and Hold for Decades
2026-09-29 14:30
•James Brumley •The Motley Fool
•••••• •••••• Axe Cap view
Three Dividend Giants Worth Considering for Income Investors
UPS, Brookfield Renewable, and Lockheed Martin offer robust dividends with distinct growth stories, appealing for long-term income-focused portfolios.
The push for steady income from dividends has led me to re-examine three global companies with compelling cases, each tying back in different ways to South African portfolios. UPS stands out with a juicy 7% dividend yield despite recent turbulence from shrinking Amazon volumes. The logistics giant benefits from structural growth in deliveries, which should keep earnings ticking up. Brookfield Renewable offers a neat angle, as its commitment to grow dividends by 5-9% annually aligns well with the global energy pivot to renewables. While we don’t have a JSE pure-play in renewables, Brookfield’s renewable focus is a nice hedge alongside Sasol, which is still tied to fossil fuels but benefits from energy price swings and currency moves in USD/ZAR. Finally, Lockheed Martin’s defense dividend story is compelling given geopolitical uncertainties and rising global defense spending, but it’s a less direct local play—think of it as a portfolio diversifier from a stable cashflow sector compared to local financials or retailers. Watch the rand carefully: a sudden spike in USD/ZAR could hurt offshore earnings here. this is just our opinion and not financial advice
Buy UPS for yield and structural growth, add Brookfield Renewable for green income exposure as a complementary play alongside Sasol, and hold Lockheed Martin for steady dividend growth, but size positions conservatively given limited rand hedge.
- UPS
- Brookfield Renewable (BEPC)
- Lockheed Martin (LMT)
- USD/ZAR
- Sasol
- Stronger USD/ZAR could pressure offshore earnings
- Global trade or supply chain shocks hurting UPS volumes
6/10
The article recommends three dividend stocks for long-term income-focused investors: United Parcel Service (UPS) with a 7% dividend yield despite recent weakness from reduced Amazon volumes; Brookfield Renewable (BEPC) offering 5.5% yield with committed 5-9% annual dividend growth through renewable energy investments; and Lockheed Martin (LMT) with a 2.7% yield but 23 consecutive years of dividend increases, supported by rising global defense spending.
Our take is based on reporting first published by The Motley Fool.