- So in this video today we are going to be talking
about the 10 stocks that have paid and grown
their dividends the longest.
And this is a category of stocks
referred to as dividend aristocrats.
But in particular, what I want to look at
is the 10 among this highly sought after list
that have paid and grown their dividends
for well over 50 years.
And the reason why we're covering this now
is due to the economic uncertainty right now.
A lot of people are looking for safe investments.
And let's talk about dividends a little bit
before we get into the video.
Or if you're already familiar with them
I'll leave a link in the description
where you can fast forward,
and get right to the stock picks.
But if you're not familiar,
dividends are regular cash payments
paid to shareholders who own a particular stock.
And not all stocks out there pay dividends.
You often have two categories of stocks.
You have growth stocks, and those are
up and coming companies like Uber and Lyft for example,
that aren't making a lot of money just yet,
or they're not profitable, but there's a lot
of growth potential for that company.
And then you have these dividend stocks
that are more well-established companies
that don't necessarily have as much growth potential,
but they do pay dividends as a way
to reward shareholders and keep them sticking around.
And essentially what these companies are doing
is taking a portion of the company earnings,
and distributing it to shareholders
in the form of a cash payment.
And in most cases this is done on a quarterly basis.
biannual and annual dividend stocks.
But for the most part, these cash payments
come once per quarter, and those who
reinvest those dividends are able to earn compound interest.
So during times of economic uncertainty,
a lot of people flee to these safe haven
dividend stocks because of their long track record
of paying and growing dividends.
And right now, when we look at these top 10
dividend aristocrats, there are some that have
sold off massively.
We're talking 40, 50% or more,
which could be a good opportunity to buy
for a long term hold.
Now that being said guys, I just have to
make this disclaimer that I am not a financial advisor.
And this is not financial advice,
and this is just for entertainment purposes only.
And also, one more thing I want to mention
real quick here guys, if you're looking to sign up
for a brokerage account, Webull is running
a promotion right now that's going to end
at the end of this month, where if you sign up
for a brokerage account with them,
you will get two free stocks just for signing up
and funding that account.
I want to mention that quickly here for you,
because that promotion is ending at the end of this month,
so you have just a couple days left
to take advantage of that if you want to sign up
and get your two free stocks.
But that being said guys, let's talk about
these dividend aristocrats.
And in order to fall into this category,
this means you are a dividend paying stock
that has consistently paid and grown the dividend
for 25 consecutive years or more.
And of all the different companies out there
that pay dividends, only 64 high quality companies
fall under this category of being a dividend aristocrat.
But we're gonna focus on the top 10
of the top 64, and look at what companies
have paid dividends and grown them the longest,
and whether or not these are good investments
at this particular time, based on what is going on
with the overall economy.
So that being said, guys,
let's jump into stock number 10 and work our way down
to the company that has paid dividends the longest.
So coming in at number 10 is a company
that I'm sure we've all heard of before,
or we have at least used the products,
and that is the Colgate-Palmolive company.
And they have an impressive dividend
growth streak of 56 years.
They've consecutively paid and grown
their quarterly dividend.
Now Colgate-Palmolive is a household essentials company,
and obviously the name suggests what their two
largest brands are, which is Colgate and Palmolive.
But there's a lot of different brands
that this household company owns
that you may not be familiar with.
Now they are primarily a health and personal care company
but a lot of people do not know this,
they're also a veterinary care company
through a popular dog food brand that they own
called Hill's Diet.
Which if you're not familiar, guys,
that's a very high end pet food.
I think you can only buy it at your vet.
And it has special use cases based on symptoms
your animal is experiencing.
So you get a diversification here
of household products, healthcare products,
as well as vet related products,
so you're involved in multiple different industries
that see healthy demand regardless
of the underlying economy.
Now that being said, because this is such
a recession-proof industry, this stock has barely budged.
If you were solely looking at Colgate Palmolive stock
and you were asking yourself, are we in a recession?
Are we in a stock market crash?
You would have no idea, because the stock has barely moved.
It has not moved lower like a lot of these other ones have,
and so as a result, you haven't seen much of a dip
in that share price at all.
But that is because this is a durable,
recession-proof investment that investors
are flocking to during these times of uncertainty.
So let's talk about a couple of the brands
owned by Colgate-Palmolive.
As far as household care goes,
they have Palmolive, they have Murphy Oil,
they have Ajax, they have Pine-Sol.
For personal care products, you're probably familiar
with Colgate, as well as Softsoap
which is a big seller right now.
And they also have the Speed Stick deodorant line.
And then like I said, in the veterinarian products category
they have the Hill's diet pet food
which is a very high end expensive pet food
that typically comes right from your vet.
And the point here, guys, is that these products
that Colgate-Palmolive sells are things you buy
regardless of the underlying economy.
Whether or not we're in a bull market or a bear market,
or a recession, we're all going to buy toothpaste.
We're all gonna buy deodorant, and if our pets
need specific dietary requirements and special food,
well people put their pets before just about
anything out there, so you better bet
they're still gonna be spending their money
on the Hills' diet pet food.
This makes this a very safe recession-proof investment.
As far as the dividend goes,
they currently pay a dividend of 44 cents per share,
giving them a dividend yield of 2.58%.
All right moving onto number nine,
we have a healthcare giant.
One of the highest quality companies
that money can buy, and that is Johnson & Johnson,
with a 56 year dividend growth streak.
And if you're not familiar with this company, guys,
Johnson & Johnson was founded in 1886.
They make medical devices,
pharmaceutical and consumer packaged goods.
And of course right now this is a stock
that people are again flocking towards,
because of the underlying economy
and the virus that's spreading.
They know that a company like Johnson & Johnson
is positioned to do well regardless
of the underlying economy.
And again, the largest business here
for Johnson & Johnson is the pharmaceutical business.
So as a result, even if people do not have
the money to go travel, or if they don't have
the money for restaurants or whatever it is,
they're still gonna spend money
on the pharmaceutical drugs.
Which again makes this a recession-proof investment.
Now this is what you refer to as a medical giant.
They have a market capitalization of 350 billion dollars.
And just like Colgate-Palmolive the stock
has barely budged during this stock market crash.
If you take a peek at Johnson & Johnson's stock, guys,
it was trading at around $150 per share,
and now it's down to a whopping 130.
It literally has barely sold off
during the stock market crash that we're seeing right now.
And they're around a one year low,
which may sound like a lot, but we are currently seeing
companies at 15 year lows, depending on what industry
you're looking at.
So for a stock to be at a one year low,
it has barely budged, because people are flooding
into this stock.
The other thing to consider here is that the demand
for consumer products has surged for Johnson & Johnson
as more people are out there purchasing
things like medical gloves, first aid supplies,
and hand sanitizers.
So they're in a position where they are
probably gonna do pretty well here
during whatever we have going on in the coming months.
Now this is a great durable time tested
recession-proof investment, and as a result
it is very unlikely that we will
see this company go on any kind of sale.
As far as the dividend goes, they currently pay
a dividend of 95 cents per share,
which gives them a dividend yield of 2.93%.
Okay moving on, number eight,
a stock that I may or may not have just added
to my portfolio, and there's a couple more
that I have as well, or maybe not.
We'll see in my next update.
But that is Lowe's stock.
It's a hardware company, it's a household name
that we're all familiar with.
And this company has paid and grown their dividend
for 58 years, especially in a struggling
environment for retailers.
Now this tends to be a somewhat recession proof area as well
because people are going to need to make repairs
to their home whether or not the economy is good or bad.
But the other side of the coin here
is that a lot of people spend money at Lowe's
on household projects that are more discretionary.
Remodeling or putting in a new patio,
or buying a new grill.
And if people do not have money,
they're going to cut back on these discretionary purchases.
But you should always see a good amount
of healthy demand here for Lowe's
for people simply making repairs to their aging homes.
So because of that, it's not totally recession-proof,
and it has sold off, baby.
Let me tell you, the stock symbol is LOW,
and that is a good indicator of what the stock is doing.
It is very low right now.
Down about 50% from where this stock
was trading at earlier this year.
Now Lowe's operates over 2,200 different stores
in the US and Canada.
And one of the biggest things they're up against right now
is the changing retail environment
where more people are purchasing online.
And that's what they're investing a lot of their money into
is the eCommerce side of their business.
Despite the changing retail environment,
they've grown dividends for almost 60 years consecutively.
And in my opinion, this seems like a great opportunity
for a long term position if you want to own
a retail company that's really not
at major risk of going under or going bankrupt.
Because while less people are spending money
at clothing retailers and things like that,
we still go to Lowe's, we still go to Home Depot,
and many of us will continue to do so
even if we're shifting to more online ordering.
Now Lowe's currently pays a dividend of 55 cents per share,
but thanks to the fact that they fell about 50%,
that is now paying a dividend yield of 3.42%,
which in my opinion is quite appealing.
All right moving on here to number seven
we have a company that everybody has likely heard of.
That is Coca-Cola, and this is another dividend aristocrat
that has paid and grown dividends for 58 years.
Now a lot of companies on this list
have been paying dividends for even 100 years or more,
but to be a dividend aristocrat,
we're strictly looking at how many years
that dividend has grown consecutively.
This is another stock that I did just add
to my dividend investing portfolio.
And if you guys want to check that out
I will link up down in the description below.
I am building a dividend stock portfolio from scratch.
Updating you guys every single month on the progress.
Now Coca-Cola is one of the most well known brands
in the world, up there with the likes
of companies like Apple, and essentially what they are
is a manufacturer, marketer and retailer
of nonalcoholic beverages, concentrates and syrups.
And Coca-Cola is like the first stock
that people buy when they begin investing.
If you're a complete beginner, most people will say,
hey buy some Coca-Cola stock, because it does nothing,
and these boring investments are great
during times of uncertainty.
But the kicker here is, this stock has actually
sold off massively, and you rarely ever see
a stock like Coca-Cola going on sale.
This used to be a $60 stock any day of the week,
and it's now trading in the range of around $40 per share.
So I decided to get into Coca-Cola,
start a position with them, and I'll update you guys
in my portfolio update.
But you're getting a little sneak peak here now
of some of the new additions to my portfolio.
This is the longest held investment
by Warren Buffet, and it's for a reason.
He's a big fan of Coca-Cola and the company.
They have over 500 brands in their portfolio
across 200 different countries,
giving you global market exposure.
And one thing they're up against right now
is the change in consumer purchasing
of sugary beverages, but like we just said
they have 500 different brands in their portfolio,
so they do have sparkling waters,
and different waters, sugar free beverages
or low sugar options that people are purchasing instead.
As far as the dividend, they pay a dividend
of 41 cents per share.
Currently paying a dividend yield of 3.90%.
All right number six is a company you've probably
never heard of before, unless you study
these dividend aristocrats.
And in terms of the size of these different companies,
we just talked about Johnson & Johnson
having a market cap or market value of 350 billion dollars.
And now we look at this small company
called Cincinnati Financial that only has
a market cap or value of 15 billion dollars,
making this a much smaller company.
Despite that, Cincinnati Financial has grown
their quarterly dividend for 59 consecutive years,
coming in at number six on our list here.
And the name is a little bit confusing,
Cincinnati Financial.
They are involved in investments but they're not a bank.
They are actually a insurance company
that has different types of personal liability
and business insurance for a variety of customer needs.
And it's one of the most boring industries
you can think of, but it's very consistent
and another recession-proof industry.
And the other thing to consider here
is that during times like this when people are fearful,
insurance is an easier sell.
When people are worried about, hey when I don't have
money coming in, how is my family gonna stay afloat?
Life insurance is a much easier pitch right now
in times of fear and uncertainty.
Now this stock has basically kept pace
with the overall market in a selloff.
They're down about 30%, and I personally don't know
anything about the insurance industry.
Probably not one I would get involved with.
But it is one you can have on your radar
if you're researching some quality dividend stocks.
As far as the dividend goes they currently pay
60 cents per share, giving them a yield of 2.91%.
Moving onto number five on our list
is a company that I've been buying
for the last couple of months.
I am down quite abit right now but I'm focusing
on five years out with all of these investments.
That is 3M, with a 61 year dividend growth streak.
Now 3M is a conglomerate, which means a company
that owns many different businesses.
And there are multiple different brands
under that name as well.
And essentially 3M is just this diversified company
that has all kinds of different products
that serve pretty much every industry out there.
And these products serve different industries
ranging from automotive parts to medical devices.
The Post-it brands, Sharpies,
cleaning products and more.
You name it, the industry, and I can guarantee you
3M probably has a product that serves that industry.
And this is a portfolio of over 60,000 different products
that 3M manufacturers and sells.
Now the one issue with owning a stock like 3M
is that because they serve all of these
different industries, they are tied to a number
of cyclical industries, such as automotive
and manufacturing.
So when they supply parts as well as components
for the automotive industry for example,
or buffing components for example,
you're going to see that demand shift
based on the automotive market.
So because of that, they are susceptible
to the natural business cycles.
And right now when we're seeing certain industries
in retraction, it is going to negatively affect 3M.
However 3M is also poised to do very well
in the short term as the largest
medical mask supplier out there
due to the spread of the virus.
As far as the stock goes, this used to be a $220
per share stock, now trading at around 130.
And again guys, they have grown that dividend for 61 years.
Longer than probably most of us
watching this have been alive.
As far as the dividend, they currently pay
a dividend of $1.47 per share,
giving them a very attractive dividend yield of 4.31%.
Moving on, number four, another stock I just added
to my dividend portfolio, the last one here
of this bunch, and that is a company
called Emerson Electric.
Have you ever heard of it before?
Probably not.
If you have, drop me a comment down below.
This company has grown their dividend for 62
consecutive years, and Emerson Electric
is a company dating back to 1890
that manufactured fans and electric motors.
But now Emerson Electric is a global technology
solutions company, and one of the leading companies
involved with process automation.
Now we just talked about how much manufacturing
has been hit lately, and so Emerson Electric
has gone into a selloff as well,
because of the overall slump in manufacturing.
A big part of their business is process automation,
and when there's a slump in manufacturing,
there's less demand for their engineering services.
So this stock has taken an absolute beating,
but it's interesting if you follow the news
because hedge funds have been scooping up
this stock left and right.
The stock is trading at about a 40 to 50% discount,
and the dividend is very attractive.
50 cents per share, giving them a yield
of just above five percent right now,
in a high quality blue chip company
that has grown dividends for 62 years.
Number three on the list, another household name
that we've all heard of.
Whether or not we know it, we probably used
their products this morning.
That is Procter & Gamble with a 63 year
dividend growth streak.
And this is another giant company
that owns countless brands that we all use every single day.
Some of the most well known brands are Tide,
Olay, Pampers, Bounty, Charmin, Gillette,
Old Spice, Cascade, Crest, and more.
So if you want to capitalize the toilet paper rush
that people have, buying up all the toilet paper
out of all the stores, this company owns
a number of toilet paper names,
and they are poised to do well as a result.
Now the majority of the products that Procter & Gamble sells
falls under the category of consumer staples,
making them a durable recession-proof investment.
Again, I probably sound like a broken record
but these are products we buy regardless
of the underlying economy.
Now these investments tend to underperform
in a bull market, because you buy the same amount
of toilet paper and toothpaste regardless of how much
money that you have.
If you get a bonus from work, during normal times
you're not gonna run out and buy
10 times as much toothpaste.
You're gonna buy the same amount of toothpaste.
Toilet paper, we're gonna leave that out for now
because people are freaking out over the toilet paper.
But under normal circumstances, we all use the same amount
of toilet paper, unless we had Mexican the night before,
but that's a different story.
Anyways guys, this is a company that has
very consistent demand for their products,
and as a result, you're going to see people
buying the same amount of them.
Whereas as far as travel or restaurants,
spending increases based on how much money people have.
So they underperform in a bull market,
but they hold up very well during a bear market.
Now Procter & Gamble is in a great position as well
in terms of making more money, because they have
so many different products.
And this honestly goes for 3M as well as
Colgate-Palmolive as well, because all they have to do
is just turn up the dial slightly on some of their products.
Increasing prices incrementally allowing them
to make more money from rising prices
across a diversified portfolio of different brands.
As far as those brands go, Procter & Gamble
has 65 different individual standalone brands.
And despite the market tanking,
because this is a safe haven investment,
this stock has barely sold off.
They're currently paying a dividend
of 75 cents per share, giving them a yield of 2.6%.
Number two is Genuine Parts Company.
I added them to my portfolio a couple of weeks ago.
And this company has a 63 year dividend growth streak.
And if you've never heard of this company before,
I don't blame you, but I guarantee you
you've probably heard of NAPA, and this is
the parent company that owns NAPA,
as well as a couple of different other businesses.
Now this is a company that's involved
obviously in auto parts under the NAPA name.
But they are also involved with industrial
replacement parts, as well as different business products.
As far as their revenue breakdown,
56% of their business is auto parts.
34% is industrial, and 10% is business products.
So the majority of their money comes from
the auto parts business.
Now, why would you want to own a stock like this
during a recession?
Well one of the first things people stop spending money on
when they don't have money coming in is a new car.
They drive their older vehicles for a longer period of time.
And what happens when you drive a car for a long time?
Well things start to break on that car.
So as a result, when people spend less on cars
and own their existing cars longer,
more repairs are made, and a company like NAPA
is poised to benefit from the sale of tools
and hardware, and parts for repairing your car.
And this is because car parts in most cases
are a need, and not a want, like discretionary spending.
We all need reliable transportation,
and at the end of the day if something breaks in your car,
and it's going to affect your ability to make money,
you're gonna figure out how to pay for that.
Whether it's a credit card, borrowing money, who knows what?
We all need reliable transportation,
making this a durable, recession-proof investment.
Despite that, I would imagine because of
the industrial exposure, this stock has sold off
pretty massively here.
It was around $100 per share.
Now it's in the $60 per share range.
But as a result the dividend yield is quite high.
They pay a dividend of 79 cents per share.
Giving them a yield of 4.76%.
Personally, I see this as a very attractive investment.
You will have to do your own due diligence
and make your own decision,
but I like pointing you guys in the direction
of stocks you may wish to consider
and do your own research on.
And then finally, number one,
what company out there has grown their dividend
every year consecutively for longer
than any other company?
None other than Dover.
Again a company you've probably never heard of,
but they have a 64 year dividend growth streak.
Not gonna lie guys, before making this video
I had never heard of this company before.
Dover is another conglomerate, which is again
a collection of many different businesses.
Now those businesses serve a number of different industries.
They make labels for food and beverages.
They also are involved in digital printing
for other consumer goods.
They make loaders for waste collection.
You know the big dump trucks that you see driving around?
They also make commercial refrigerators,
as well as pumps for the transportation
of fluids, including petroleum and natural gas.
Now because a big part of their business
is relying on natural gas, oil, petroleum,
this stock has sold off quite a bit,
as many natural gas and oil companies have,
because we have seen oil prices crash.
So this stock is currently down somewhere
in the range of 40 to 50%.
And because much of their business is cyclical,
driven by consumer spending, such as sale of refrigerators,
that's gonna be more popular when restaurants are opening.
As well as labeling on consumer products.
They are involved in some cyclical industries,
so they're susceptible to the natural
ebbs and flows of a business cycle.
Despite that, guys, they have managed to grow
their dividend every year longer than
any other company out there.
So it is one that you definitely want to pay attention to
and it's not one that you should sleep on
just because you've never heard of it.
They currently pay a dividend of 48 cents per share,
giving them a yield of 2.81%.
But anyways, guys, that is gonna wrap up this video.
These are the 10 stocks that have grown
their dividends the longest.
A number of which are part of my dividend stock portfolio.
If you want to check out that video, guys,
I'll put a card in the corner.
I'm building a dividend stock portfolio,
up to $100,000 of value from scratch,
and documenting it every month here on my channel.
I'd love to have you guys check that out.
And one thing I want to remind you here, guys,
is that these dividend stocks are not gonna be
the highest yielding stocks, but that's because
dividends themselves are never guaranteed.
Companies can cut or eliminate that dividend
at any point in time, so these aren't the highest yields,
but they are the most sustainable yields
that have grown over time based on
varying market conditions.
So we're not seeing seven, eight, 10 percent yield here,
which you may see from other stocks,
but that's often referred to as a dividend yield trap.
People see the high double digit dividends.
They get suckered into it.
Then the company cuts or eliminates that dividend,
and they're stuck bag holding a stock for years to follow.
So you don't just look at the yield.
You also want to consider,
how long has that company paid dividends,
and how long have they grown those dividends?
The dividends aristocrats being a great place
to start your search.
But thanks so much for watching, guys.
If you enjoyed this video please drop a like and comment.
If you made it to the very end I would love
to hear from you.
Subscribe if you haven't already, hit that bell.
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Oh wait a second, yes.
Webull, two free stocks, ends at the end of this month.
You got about 10 days or so to do that.
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and I'll see you in the next video.
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