Dividend.com added a conglomerate to the Best Dividend Stocks list. With 99 years of dividend paying history, this company has consecutively increased its dividend for more than 50 years, making it a Dividend Aristocrat two times over.
Its stock price strength, yield attractiveness, estimated earnings growth for 2017, dividend reliability and attractive valuation make it stand out in our DARS model. The stock has had a 20% return so far in 2016 excluding the dividends. The last 5 year annualized dividend growth of this stock is over 14%.
Despite a strong USD affecting the company’s top and bottom line, it hasn’t affected the stock price adversely. The analysts’ expectations we are getting show a 7.86% estimated growth in EPS in 2017.
A very healthy payout ratio in the mid-50s shows it has room to grow its dividend further.
The company’s extensive product line has made sure its dividend has survived multiple recessions, including The Great Depression, in addition to all sorts of economic downturns making it an earnings and dividend machine.
To summarize, here are 4 reasons you should own this stock:
- More than 50 years of consecutive dividend increase
- 99 consecutive years of dividend paying history
- Only multinational conglomerate that features on our Best Dividend Stocks list
- More than 19,000 products under its belt. This is a “Monster Manufacturer”.