The real power of dividend stocks comes from the power to deliver consistent returns and growing payouts over the very long term — not several years, but more like several decades. If you pick the right stocks that can maintain and growth their distributions over that kind of time horizon, you will be richly rewarded. However, there are only a precious few companies that can pull off that kind of long-term performance and still keep their dividend payments coming. Here are nine companies, including big names you may know and a few you don’t, that have managed to pay dividends for a century or longer.
General Mills, Inc. (NYSE:GIS) is a perfect example of an established and reliable company that has made more than 100 years of dividend payments possible. One of the oldest electric utilities in America, Consolidated Edison, Inc. (NYSE:ED) is also one of the oldest dividend payers on Wall Street. Johnson Controls Inc (NYSE:JCI) is a lesser-known dividend stock that has deep American roots. One of the largest and most established companies on the planet, Exxon Mobil Corporation (NYSE:XOM) is a go-to dividend stock. Eli Lilly and Co (NYSE:LLY) is one of the most respected names in pharmaceuticals, known for big-time drugs over the years that include Prozac and Cialis. Power tool giant Stanley Black & Decker, Inc. (NYSE:SWK) has grown and evolved over the years, but its dividends have been in place since before Edison perfected his electric light bulb. An unmatched portfolio of household brands should put Procter & Gamble Co. (NYSE:PG) near the top of any low-risk investor’s list of bulletproof stocks. Colgate-Palmolive Company (NYSE:CL) is another mainstay of dividend stock investors. Originally named Pittsburgh Plate Glass, PPG Industries, Inc. (NYSE:PPG) has branched out from windows over the last century.
Source: InvestorPlace
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9 Must-Own Stocks That Have Paid Over a Century of Dividends
Posted by D4L | Sunday, December 03, 2017 | ArticleLinks | 0 comments »________________________________________________________________
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