These stocks have solid businesses with impressive track records of paying dividends. A company’s history of paying dividends can indicate how well it adapts to changing economic conditions. While dividend payments are not guaranteed, they are an important factor for income investors to consider. Three stocks with long histories of dividend payments are Eli Lilly, Coca-Cola, and Toronto-Dominion Bank.
1. Eli Lilly has been paying dividends since 1885. Despite a low current yield of 0.7%, the company has doubled its dividend payments in the past five years. With promising assets in its portfolio, Eli Lilly shows strong growth potential for both dividend and growth investors.
2. Coca-Cola has been issuing dividends since 1893 and is known for consistently increasing payouts. With a current yield of 3.1% and sustainable payout ratio, Coca-Cola remains a top dividend growth stock with a solid business model.
3. Toronto-Dominion Bank has the longest dividend streak on the list, dating back to 1857. With a higher yield of 5.1% and strong financials, TD is a safe option in the banking industry for long-term investors. Its diversified business and presence in both Canada and the U.S. make it an attractive choice for investors.
Overall, these stocks offer reliable dividend payments and strong growth potential, making them solid options for income and growth investors alike.