2 High-Yield Dividend Growth Stocks to Buy in October and Hold for a Decade or Longer

Core Insights - Investing in dividend growth stocks is highlighted as one of the easiest and most effective strategies on Wall Street [1] Company Analysis: Watsco - Watsco, the largest HVACR parts distributor in America, has increased its dividend payout by 69% over the past five years, currently offering a yield of 2.8% [4][5] - The company has grown by acquiring over 70 businesses and has no debt on its balance sheet as of June [5] - Watsco is leveraging online applications for contractors, with 70,000 mobile app users facilitating the quote process and ordering parts [6] - Despite a 3% revenue decline in the first half of 2025 due to temperate weather and lower homebuilding activity, Watsco's sales are primarily from repairs and replacements, which may mitigate investor concerns during economic slowdowns [7][8] Company Analysis: Amgen - Amgen, a long-established biotechnology company, has raised its dividend payout by 48% over the past five years, currently offering a yield of 3.4% [10] - The company reported a 34% year-over-year decline in sales of its arthritis treatment Enbrel, amounting to an annualized $2.4 billion, but has invested profits into new drug developments [10] - Amgen's overall sales grew by 9% year over year to $8.8 billion, with double-digit growth in 15 products [11] - The new treatment Imdelltra for small-cell lung cancer has shown promising results, potentially becoming standard care, which could drive future sales growth [12][13]