3 Passive Income Powerhouses With 50-Plus Years of Dividend Raises

Fifty years ago, the first Apple computer hadn't even gone on sale, Walt Disney's Florida resort had been open for just a couple of years, and the oil embargo was wreaking havoc on the U.S. economy.

Since at least that long ago, Stanley Black Decker (NYSE: SWK), American States Water (NYSE: AWR), and Walmart (NYSE: WMT) have paid and raised their dividends every single year. That's a track record that earns all three companies a place on the coveted list of Dividend Kings.

Aside from their history of dividend raises, all three companies have what it takes to keep growing earnings and cash flows, and can therefore support dividend raises for decades to come. Here's why these Motley Fool contributors think all three stocks are worth buying now.

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Source Fool.com