Like Passive Income? Then You'll Love These 3 Dividend Kings
Dividend Kings are companies that have paid and raised their dividends for at least 50 consecutive years. Raising a dividend year after year regardless of the economic cycle is a tall order.
In order to pay a larger dividend, a company has to grow earnings and free cash flow (FCF). Most Dividend Kings have a track record of steadily improving their earnings while also maintaining a strong balance sheet that provides the flexibility needed to navigate market cycles.
Emerson Electric (NYSE: EMR) Illinois Tool Works (NYSE: ITW), and Stanley Black & Decker (NYSE: SWK) are three Dividend Kings worth buying now. Here's why.
Source Fool.com
