It’s most likely by no means too late to purchase good long-term dividend shares. However we will simply miss probabilities to purchase them at actually low-cost costs. I believe these three could possibly be good long-term buys. However I reckon the perfect alternatives may quickly move.

BT Group

I’ll begin with one which’s possibly a bit controversial. BT Group (LSE: BT.A). It’s been paying first rate dividends for years, with a present ahead yield of 5.7%.

However on the identical time, it’s been shelling out enormous quantities in capital expenditure (capex) and, on the identical time, constructing monumental money owed. As sentiment’s pale, the share price has fallen 25% up to now 5 years.

So what do I believe’s altering? Properly, the price leap since Could’s all down to the corporate telling us it’s handed the purpose of peak capex, and is at an “inflection level“.

Buyers may see BT at a degree of money circulation reversal, with increasingly more of the stuff rolling in over the following few years. And the bearish sentiment of the previous few years might reverse.

There’s nonetheless some technique to go thoughts, and it might take a very long time to regain the market’s confidence. BT may want one other couple of units of outcomes so individuals can see cash the place its mouth is.

However I believe confidence within the dividend should be firmer now.

Nationwide Grid

My subsequent decide, Nationwide Grid (LSE: NG.), has additionally been by a key change. However this time we noticed the share price pushed down, not up.

It’s all in regards to the new inventory difficulty, at a discount price to present shareholders. It diluted the dividend and I can perceive the share price fall. However I see it as overdone.

The forecast dividend yield, at the moment 6%, seems to be fairly good. Particularly for a inventory I believe has one of the steady outlooks of any within the FTSE 100.

The danger is that long-term confidence within the dividend won’t get well. And now it’s finished it as soon as, what’s to cease Nationwide Grid issuing extra shares every time it needs a bit extra capital? And diluting the dividend a bit extra.

But when confidence does maintain and the share price recovers, I can see that 6% yield not lasting for much longer.

Phoenix Group Holdings

My ultimate alternative, Phoenix Group Holdings (LSE: PHNX), is just due to its huge dividend. Properly, and since I see a good probability it could possibly be sustainable.

Once more, the share price has had a nasty few years, together with a lot of the insurance coverage sector.

And I simply can’t see a ten% dividend staying at 10% for very lengthy.

Certainly certainly one of two issues has to occur. Both the dividend gained’t be sutainable and will probably be reduce. Or traders will sensible up and begin shopping for the shares, pushing the price up and the yield down.

Forecasts present it is going to be regular within the subsequent few years, however not coated by earnings. And that, whether or not the earnings cowl will be achieved, might decide which of my two situations will come to move.

These three might go both method. However they must be value contemplating for dividend traders.