Dividends4Life: The Greatest Dividend Stock That You've Never Heard Of

Dividend Growth Stocks News

Dividend-paying companies are beacons of profitability. Generally speaking, a company isn't going to share a percentage of its profit or cash with shareholders on a regular basis if its board doesn't foresee the company growing, or at the very least remaining healthfully profitable, moving forward. Thus, a regular dividend can help investors decide whether or not a company passes the initial "sniff test" of having a sustainable and time-tested business. Second, a regular payout can help calm the nerves of skittish investors. Although stock market corrections are far more common than you realize, the abruptness of the downward moves caused by corrections can unnerve investors. Third, your payouts can be reinvested back into more shares of dividend-paying stock through a dividend reinvestment plan, or Drip. A Drip is what top money managers use to compound the wealth of their clients.

But of all the dividend stocks regularly followed by Wall Street and retail investors, they might be ignoring the greatest income stock of them all: York Water (NASDAQ:YORW). If the York Water name doesn't ring a bell with you, don't worry -- you're not alone. We're talking about a provider of drinking water and wastewater services in 48 total counties in Pennsylvania with a market cap, as of this past weekend, of $564 million. York Water has been paying a regular dividend to its shareholders since it was founded... all the way back in 1816. Although it may not have the same impressive streak of raising its dividend annually like the S&P 500's Dividend Aristocrats, there isn't a publicly traded company within a stone's throw of York's streak of paying a dividend for 203 consecutive years.

Source: Motley Fool

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