3 Dividend Stocks You Don't Have to Babysit

Dividend stocks are like the vegetables of a portfolio -- while they tend to be unexciting, they certainly can be wonderful for your long-term financial health. If you can find a strong dividend-paying company with a dominant market position in its industry, you don't have to fret over the day-to-day gyrations of the market since you can count on that company to send you a dividend check for years on end without the need to constantly monitor its share price. Wondering how exactly one finds such a dependable dividend-paying stock? You've come to the right place! We reached out to our team of Motley Fool contributors and asked them to share a stock idea that is a good choice for an investor who wants to take a "set it and forget it" mentality with a strong dividend payer:

At first glance, AstraZeneca (NYSE:AZN) might not look like a compelling dividend stock for risk-adverse investors. The company's Core EPS is projected to grow by mid to high single digits. If you're looking to craft a long-term portfolio of dividend-paying companies that isn't likely to require a lot of hand-wringing, then it may be the perfect time to consider an investment in Johnson & Johnson (NYSE:JNJ). While Switzerland-based Novartis AG (NYSE:NVS) might not get the same level of notoriety as some of its U.S.-based brethren, with a market cap north of $230 billion, Novartis is truly an industry giant and a big player in the world of healthcare, making it a good choice for investors who want to take a hands-off approach to investing.

Source: Motley Fool

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