3 Reasons to Buy and Hold This Dividend King (and 1 Reason Not To)
As is so often the case, the market's come to a long-term conclusion based on short-term noise. That spells opportunity for forward-thinking investors.
Overview
As the clichéd warning goes, "past performance is no guarantee of future results." Nevertheless, past performance is usually a pretty good indication of what the future likely holds.
To this end, while continued dividend growth is never guaranteed, once a stock's achieved the title of Dividend King by virtue of at least 50 consecutive years of annual dividend increases, it's clear the underlying company's got some serious staying power.
Details
And there's one such name right now that's a particularly compelling prospect, and not just for its dividend pedigree. That company is brick-and-mortar retailing titan Walmart (NASDAQ: WMT). Here are the top three reasons to buy it right now with plans on holding onto it indefinitely, and one ironic reason not to.
Source
Originally published at www.fool.com.