3 Unknown but Amazing Dividend Stocks
Dividend stocks are often some of the most recognized and lauded companies in the market. Those companies often achieved such lofty status for good reasons: They generally produce strong cash flows and own durable competitive advantages. But for every well-known dividend giant such as Coca-Cola, Walmart, and Procter & Gamble, there are overlooked stocks that have incredible businesses and dividend track records. Here are three of them.
Even though investors very likely use the company's tools and other products, it may be just as likely they don't realize that Stanley Black & Decker (NYSE: SWK) has built one of the best dividend histories in the market. While its current 1.65% dividend yield won't attract some income investors, its history and consistency are remarkable. Stanley Black & Decker just extended the company's record for the longest consecutive annual and quarterly dividend payment among all industrial companies on the NYSE: It has paid its dividend for 143 consecutive years and increased it for each of the past 52 years.
After a long history of slow and steady top-line growth, Stanley has kicked it into a higher gear over the past decade, in part thanks to the 2017 acquisition of Newell Brands for $1.95 billion and by snatching an incredible brand in Craftsman from a struggling Sears Holdings for $900 million.
Source Fool.com
