Picking successful dividend-paying stocks is not as simple as buying only the stocks with the highest yield. In fact, the stocks with the highest yields are often the ones that trip up investors the most. When it comes to buying stocks you can truly hold forever, what's important is the company's track record.
At the moment there are 10 companies that have increased dividends every year for 50 years or more, another thirty-eight that have succeeded in doing so for 40 years and another forty-one companies that have increased their dividends every year for 30 years. Here are six of them, all with dividend yields above the current 30-year Treasury yield of 2.6%: Procter and Gamble Co. (NYSE: PG), Diebold Inc. (NYSE: DBD), Emerson Electric (NYSE: EMR), 3M Company (NYSE: MMM), Johnson & Johnson (NYSE: JNJ) and ABM Industries Inc. (NYSE: ABM).
Source: Money Morning
Related Articles:
- Finding The Perfect Dividend Stock
- The Greatest Asset For Building Wealth
- 10 Stocks With A Strong Cash To Dividend Coverage
- 15 Dividend Stocks Trading Below Their Calculated Fair Value
- The Most Important Thing To Consider When Selecting A Dividend Stock
________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.