LEG - 3 Passive Income Powerhouses With 20-Plus Years of Dividend Raises
2023-10-12 06:00:00 ET
In today's uncertain market, investors may find comfort in holding dividend stocks -- especially when they are reliable payers that have raised their payouts annually for at least the last 20 years.
The last two decades have featured a slew of events that triggered major market sell-offs, including the financial crisis, a U.S.-China trade war, the pandemic, and last year's steep surge in inflation (and the Fed's response to it).
Yet through it all, Coca-Cola (NYSE: KO) , Caterpillar (NYSE: CAT) , and Leggett & Platt (NYSE: LEG) raised their payouts every single year. Here's what makes each of them a great dividend stock to buy now.
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3 Passive Income Powerhouses With 20-Plus Years of Dividend Raises