Why Aflac Might Be the Best Long-Term Dividend Stock
Investors looking for yield don't have it easy these days. With interest rates not far from all-time lows, bonds and certificates of deposit (CDs) don't provide the income they used to. The S&P 500 index is at all-time highs, pushing its dividend yield to the lowest since at least the dot-com bubble two decades ago.
That combination makes Aflac's (NYSE: AFL) payout even more impressive. The provider of supplemental life and health insurance -- coverage for expenses not paid by regular insurance -- is a slow grower. But its consistent distribution, steady top line, and attractive valuation might make it perfect for those who want a healthy yield but are afraid of stock-price declines.
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Source Fool.com