Dividend stocks can be an excellent source of income for retirees, and Dividend Aristocrats in particular can be great investments. A Dividend Aristocrat is a company in the S&P 500 that has increased its dividend for at least 25 consecutive years.
However, some companies slip through the cracks simply because they are not included in the S&P 500 index . Once such company with an impressive history of increasing its dividend is United Bankshares (NASDAQ: UBSI) , which has increased its dividend for 47 years straight and delivers investors a solid 4.3% yield. While it may not be a Dividend Aristocrat, that shouldn't discourage income investors from investing in this solid bank stock.
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This Dividend Stock Has Increased Its Payout for 47 Years Straight