1 High-Yield Dividend Stock You Can Buy and Hold Forever
On the stock market, as in life generally, it's good to be the King.
Correction: It's good to be one of the Kings. The Dividend Kings, that is -- the clutch of S 500 index stocks that have raised their dividends at least once every year for a minimum of 50 years in a row. Among this bunch is one of the sturdiest names in American industry, a company that has never stopped producing piles of cash that it uses to keep that payout growing. Read on to find out more about this monarch.
This King is 3M (NYSE: MMM), which has cranked its distribution higher for a staggering 65 years in a row. That's a streak eclipsed by only seven other index components (storied consumer goods giant Procter Gamble and veteran components purveyor Genuine Parts are two of the more familiar of these).
Source Fool.com
