Motley Fool Backs 3 Dividend Stocks With 19-, 64- and 31-Year Growth Streaks
Updated
Updated · The Motley Fool · Jul 20
Motley Fool Backs 3 Dividend Stocks With 19-, 64- and 31-Year Growth Streaks
3 articles · Updated · The Motley Fool · Jul 20
Summary
Verizon, Coca-Cola and Enbridge were highlighted as long-term dividend holdings because their businesses can keep generating cash through weak and strong markets alike.
19, 64 and 31 consecutive years of dividend increases underpin the case for Verizon, Coca-Cola and Enbridge, respectively, signaling unusually durable payout records.
Verizon pairs its 146.8 million wireless connections with broadband growth—341,000 net additions in the first quarter to nearly 16.8 million customers—adding another recurring-revenue stream.
Coca-Cola offers a forward dividend yield of 2.5%, supported by steady beverage demand and retailer leverage from brands including Coke, Minute Maid, Gold Peak and Powerade.
Enbridge’s fee-based pipeline model is insulated from oil-price swings, with more than 18,000 miles of oil pipelines and over 19,000 miles of gas pipes moving about one-third of North American crude.