Dividend Aristocrats are a rare breed. There are only 68 stocks in the S&P 500 index that have hiked their payout to shareholders for a quarter century without missing a year. Many companies end up suspending or reducing their dividend payments during difficult economic times. So, for investors who count on passive income from their investments, Dividend Aristocrats can serve as a financial lifeline. Here are three dividend aristocrat stocks to buy on sale right now.
Investors chasing passive income should consider these dividend aristocrats, each of which offers a generous payout. These companies make returning cash to shareholders a top priority. 3M (MMM): The company has raised its dividend for more than 60 years. IBM (IBM): Big Blue offers one of the biggest dividend payments among tech companies. Walgreens Boots Alliance (WBA): Despite financial troubles, the company has prioritized its dividend.
Source: InvestorPlace
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