1 Dividend Stock to Own and Never Sell?

If I could teach investors one thing, it would be how to identify and value “Forever Assets.” These businesses constitute the single best way, at least in my opinion, to get rich through dividend stocks. I coined the term Forever Assets to describe an elite group of dividend stocks you could literally own for the rest of your life. These companies have rewarded their shareholders, not just for years or decades, but for generations. Their entrenched market positions allow these businesses to earn outsized profits, resulting in large, growing streams of dividends for their shareholders.

Today I want to bring you another textbook example in WD-40 Company (NYSE:WDFC). Now stick with me here. Admittedly, lubricant and rust protection products won’t make for the best gossip at a party. But this quiet business has paid out dividends to shareholders for decades. And I think WDFC stock could keep delivering presents to investors for decades to come. WD-40 can trace its roots back to the 1950s in a small lab in San Diego. Their first customer, aerospace contractor Convair, purchased the company’s solvent to protect the outer skin of the “Atlas Missile” from rust and corrosion. The product worked so well, workers snuck cans of WD-40 out of the plant to use at home.

Source: Income Investor

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