Buying Dividend stocks can be a lucrative investment strategy. Accumulate enough of them and the passive income streams that flood your portfolio can buy you more shares of stock or even pay some of your living expenses. The list of companies that will pay you to hold them is vast, and here are three stocks that could be paying dividends for years to come.
Colgate-Palmolive (NYSE: CL) is a consumer staples company that sells various household products, including toothpaste, soap, pet food, cleaning products, and deodorant. Its products are sold worldwide with three-quarters of sales coming from foreign markets.
The products that Colgate-Palmolive sells are low-cost items that people use day in and day out. They are purchased -- often without a second thought -- when consumers run out of them. The name recognition of brands like Colgate toothpaste gives the company an ability to raise its prices little by little to help drive steady revenue growth. Think about it: Do you notice when the toothpaste you buy each month increases a few cents each year? Probably not.
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If You Like Dividends, You Should Love These 3 Stocks