3 Dividend Aristocrats to Buy and Hold Forever
The Dividends Aristocrats are an exclusive club of 57 companies that have raised dividends every year for at least 25 years. Paying a dividend is challenging -- companies need to have a business model that provides stable and consistent cash flow. But raising the dividend annually takes something even more special.
Dividend Aristocrats have the ability to thrive in any kind of economic environment, take a long-term view, and have a culture of continuous improvement that strengthens the financial statements every year.
Even though just about any company on the Dividend Aristocrat list is a safe bet, here are three that are adapting in ways that will pay off for years to come: Cintas (NASDAQ: CTAS), Lowe's (NYSE: LOW), and McCormick (NYSE: MKC).
Source Fool.com
