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Finance
2 Dividend Kings to Buy and Hold Forever
These stocks have long histories of growing their payouts to shareholders.
Plenty of stocks pay dividends, but far fewer have raised their dividends every year. And only a tiny percentage have raised their dividends every year for more than 50 years. These stocks are known as Dividend Kings.
Once stocks get into the Dividend Kings club, they rarely leave. While 57 companies currently hold Dividend King status, in the last 10 years, only three companies have lost that status by cutting their dividends: materials company 3M, industrial parts maker Leggett & Platt, and clothing company VF Corp. The 57 that remain have some of the safest dividends out there.
Details
Here are two of the best Dividend Kings to buy now and hold forever.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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