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Markets · Investing · Business
Finance
An Overlooked Dividend King With a 54-Year Winning Streak Worth Buying Now
This Dividend King just made a major strategic pivot.
A Dividend King is a company that has increased its dividend for at least 50 years in a row. There are currently only 57 that can wear this crown.
One of them is Kimberly-Clark(NASDAQ: KMB), the venerable company that makes tissues, paper towels, diapers, and other paper-based family-care products. It has increased its dividend for 54 straight years, making its stock a Dividend King. But it also pays out one of the highest yields among Dividend Kings -- 4.7% right now. The combination makes it one of the best, most reliable dividend stocks you can buy.
Details
But the stock is not just a buy for its royal dividend -- it's also positioned to deliver some solid returns. Here's why.
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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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