Dividend stocks that have weathered it all

Dividend stocks pay you cash to hold them. Some stocks pay dividends and some do not but did you know that unlike interest on a savings account, dividends are not guaranteed? Dividends are voted on by the board of directors of the companies whose stock you might own, and they can raise, cut or eliminate the dividend with a majority vote at any time.

In tough times, some companies cut or eliminate their dividends to save cash, but some companies are strong enough to pay or even increase their dividends through thick and thin. Here’s a list of companies that have actually increased their dividends for an astounding 51 years. You will probably recognize some if not most of these super dividend paying companies: 3M, Coca-Cola, Colgate Palmolive, Dover Corp., Emerson Electric, Genuine Parts, Johnson and Johnson and Procter & Gamble.

Source: The Union

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