3 Dividend Stocks That Could Pay You for the Rest of Your Life
Amid economic and geopolitical uncertainty, financial markets have floundered. The S&P 500 index has tumbled about 25% so far in 2022. Yet some high-quality components of the index have not been hurt in one way that is very important to income investors: dividends.
Despite the tough economic environment, Hormel Foods (NYSE: HRL), AbbVie (NYSE: ABBV), and Aflac (NYSE: AFL) each raised their payouts to shareholders over the last 12 months. This activity extended the dividend growth streaks of these three companies to a range of 39 years to 56 years straight. That makes all of them Dividend Aristocrats with at least 25 years of raises under their belts. Let's take a look at why each company appears poised to continue growing its dividend for many more years.
With 56 consecutive years of payouts growth to its credit, the consumer staple Hormel Foods is a Dividend Aristocrat twice over. This easily meets the 50-year dividend growth track record that is required to be a Dividend King. But I am confident that there are still decades of dividend growth in the company's future.
Source Fool.com
