3 U.S. Stocks Canadian Investors Can Buy and Hold Forever

If you only invest in Canadian equities as an investor, you may do very well for yourself. However, if you asked me, I’d say that investing internationally could greatly benefit your portfolio. there are fantastic worldwide companies with an illustrious history of excellence, which might give you more stability.

I’ll discuss three U.S. stocks that Canadian investors can buy and hold forever in this article. I think these stocks can all add stability to your portfolio while providing a bit of growth potential.

This is a huge corporation.

The first American stock Canadians should consider purchasing right now is Walmart (NYSE:WMT). Canadians should be familiar with this corporation, with more than 400 positions across the country. Walmart has almost 10,600 outlets across 24 countries, demonstrating its global reach. Few businesses have reached the level of scale that Walmart claims. Customers can find a wide range of goods at reasonable costs inside its stores, making it a very attractive place to buy in the current economy.

In the second quarter (Q2) 2023, Walmart announced revenue of US$153 billion. That entails a rise of 8.4% from the previous year. Considering that consumer spending is currently at extremely low levels, those are impressive results. Walmart may keep paying out dividends due to its ongoing success. Speaking of which, throughout the past 49 years, Walmart has significantly expanded its distribution.

The first ever stock I owned

The second stock that Canadians should think about including in their portfolios is Procter & Gamble (NYSE:PG). The average person might not be familiar with this company’s name. However, I’m sure that you are well-versed in its brands. This corporation is behind Bounty, Gillette, Old Spice, Pampers, Swiffer, and Tide, among many other well-known brands. All things aside, Procter & Gamble has more than 60 brands in its portfolio.

Procter and Gamble was the first stock I added to my portfolio, as the subtitle states. I was drawn to this company by its sizable portfolio and stellar dividend track record. Procter & Gamble and other North American-based corporations have the longest streaks of dividend growth. In each of the previous 66 years, it has expanded its distribution. Procter and Gamble should be a welcome company in any Canadian investor’s portfolio with a forward dividend yield of 2.69%.

Best company for your portfolio

Last but not least, Canadians should update their portfolios to include Coca-Cola (NYSE:KO). One of the giant beverage corporations in the world is this one. According to estimates, Coca-Cola controls 47% of the world’s soft drink market. However, the variety of things this corporation offers elevates its already impressive stature. Popular beverages made by Coca-Cola include Dasani, Fanta, Minute Maid, and Powerade.

Coca-Cola has a long history of raising its dividends, just like the other two stocks featured in this article. It presently has a 60-year streak of dividend growth. It should be mentioned that Coca-Cola also provides investors with a 3.00% dividend yield, which is highly appealing. Investors have a lot to like here when you consider that dividend and the excellent 32% increase in stock value over the previous five years.

Should You Invest $1,000 In The Coca-cola Company?

Before you consider The Coca-cola Company, you’ll want to hear this.

Our market-beating analyst team just revealed what they believe are the 5 best stocks for investors to buy in September 2022 … and The Coca-cola Company wasn’t on the list.

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See the 5 Stocks
* Returns as of 9/14/22

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