Many companies pay a dividend, but not all dividend companies are attractive to own.
A great dividend stock is one that not only generates a decent dividend yield but is also able to sustain its dividend payments.
Companies with certain key attributes make them more likely to sustain and even grow their dividend payouts in the future.
An effective way to start looking is to start by identifying industries or market sectors that have favourable economic characteristics.
This approach helps greatly if these industries are also able to catch the tailwinds of an enduring growth trend.
Another approach would be to seek dominant industry players that are able to protect their profits for years to come.
With that in mind, here are three stocks that you want for your watchlist.
