Meet Wall Street's Greatest Dividend Stock: A Company Paying Dividends for Over 200 Years That 99% of Investors Have No Clue Exists
What this little-known company lacks in size and daily trading volume, it more than makes up for with dividend consistency.
Overview
For more than a century, the stock market has been one of the world's greatest wealth creators. With thousands of publicly traded companies and exchange-traded funds to choose from, there is no shortage of strategies for investors to grow their wealth. However, buying and holding high-quality dividend stocks is often one of the savviest strategies.
In "The Power of Dividends: Past, Present, and Future," Hartford Funds, in collaboration with Ned Davis Research, found that dividend payers crushed non-payers on an annualized return basis over the last 52 years (1973-2025): 9.2% vs. 4.21%. Consistency is key when investing in dividend stocks – and no company has been delivering the goods longer for income seekers than little-known water utility, York Water (NASDAQ:YORW).
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Originally published at www.fool.com.