Meet the Dividend King With a 64-Year Streak That Wall Street Is Sleeping On
Key takeaways
- Yes, the maker of cleaning supplies, shower soap, and even pet food has had an excellent year in the market.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- Colgate recently increased its quarterly payout to $0.53 per share.
CL NVDA If you're an investor looking for dividend consistency, a yield over 2%, and stock appreciation of 16% year to date, you might be surprised that consumer staples veteran Colgate-Palmolive Company (NYSE: CL) fits the bill.
Yes, the maker of cleaning supplies, shower soap, and even pet food has had an excellent year in the market. The company has also paid an uninterrupted dividend since 1895 and increased that dividend for 64 straight years. It is truly one of the most remarkable Dividend Kings available. A Dividend King is a company that has raised its dividend for at least 50 consecutive years.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »