3 Dividend Aristocrats to Buy and Hold Forever
Plenty of stocks pay out dividends, but only 65 are Dividend Aristocrats. To reach this elite status, a stock must be included in the S&P 500 index and have 25 consecutive years of payout increases under its belt. Now, a history of growing dividends isn't enough to make a stock a buy. But there are plenty of reasons to add these three Dividend Aristocrats to your portfolio and hang onto them forever.
Beyond being a Dividend Aristocrat, Lowe's (NYSE: LOW) is also one of just 27 stocks that have earned a spot on the list of Dividend Kings by recording 50 or more uninterrupted years of payout hikes. In Lowe's case, it has distributed a dividend every year since 1961, when it went public, and has raised its payout for 58 consecutive years. After its latest 9% increase, at its current share price, it's yielding 1.47%.
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Source Fool.com
