This High-Yield Dividend Stock Just Declared Its 449th Consecutive Payout

DowDuPont split into three companies in 2019, including (NYSE: DOW), DuPont de Nemours, and Corteva. Since the split, investors have gotten the opportunity to invest solely in Dow, the commodity chemicals business.

On Oct. 12, Dow declared a quarterly dividend of $0.70 per share. That marked the 449th consecutive dividend paid by Dow or its affiliates since 1912. It's an impressive streak, but Dow hasn't raised its dividend since the spin-off, choosing instead to keep it unchanged at $0.70 per share.

Here's why Dow's decision to keep its dividend steady isn't a big deal, and why the dividend stock -- with its juicy 5.6% yield -- is worth buying now.

Source Fool.com