Dividend stocks are picking up momentum, and investors especially like companies that have consistently boosted their annual payouts to shareholders. Getting more cash in shareholders' pockets has been a top priority for many dividend payers. Three stocks, in particular, have given shareholders annual increases for 50 straight years or more and just set new record highs. Let's look more closely at these Dividend Kings to see why investors like them so much.
Emerson Electric (NYSE:EMR) is one of the most impressive dividend stocks of all time. It's raised its dividend in 64 straight years, including a modest 1% rise last November. That brought the stock's dividend yield up to 2.3%. Parker-Hannifin (NYSE:PH) hasn't been quite as generous with its payouts, with a current yield of just 1.2%. However, its dividend streak is just as impressive, with 64 years of annual raises for shareholders counting on dividend income. Finally, ABM Industries (NYSE:ABM) is the short-timer on this list. Its streak of annual dividend increases is "only" 54 years, including a 3% boost in January. The stock's yield is a respectable 1.8%.
Source: Motley Fool
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These 3 Rock-Solid Dividend Stocks Just Set All-Time Highs
Posted by D4L | Thursday, March 18, 2021 | ArticleLinks | 0 comments »________________________________________________________________
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