1 Overlooked Dividend King With a 63-Year Winning Streak Worth Buying Now
The leading toothpaste brand offers a high yield and could pay dividends for a lifetime.
Overview
Dividend Kings are a relatively small group of dominant businesses that have increased their dividends for at least 50 consecutive years. Two of the most widely held consumer goods names on the list are Coca-Cola and Walmart, but investors shouldn't ignore the market leader in toothpaste.
Colgate-Palmolive (NYSE: CL) has raised its dividend for 63 straight years. The company recently declared another quarterly payment of $0.53 per share, following a 1.9% increase earlier this year. That puts the stock's forward (12-month) yield at an above-average 2.34%.
Details
Here's why Colgate looks built to pay dividends for a lifetime.
Source
Originally published at www.fool.com.
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