3 Dividend Aristocrats That Get More Attractive as They Fall
The list of Dividend Aristocrats includes some of the most durable companies in the S&P 500. Each of these businesses has increased its dividend payout annually for at least 25 years, an impressive feat considering the inevitable ups and downs of the global economy. Their consistency makes them great stocks to buy and hold for the long haul.
Among the best times to buy a Dividend Aristocrat is during a stock market downturn, because lower prices offer the opportunity to acquire higher dividend yields -- particularly when it comes to companies that have long records of shunning payout cuts. With that in mind, we asked some of our contributors what their favorite Dividend Aristocrats are during times when share prices are falling. NextEra Energy (NYSE: NEE), 3M (NYSE: MMM), and American States Water (NYSE: AWR) topped their lists.
Image source: Getty Images.
Source Fool.com