Church & Dwight Co., Inc. (CHD): The Hundred-Year Dividend

Since the financial crisis, Bank of Montreal (USA) (NYSE:BMO) has used American banking sector weakness to acquire their way into the United States on the cheap. This includes the acquisitions of two Wisconsin banks in 2007, a US municipal bond dealer in 2008, American International Group Inc (NYSE:AIG)’s Canadian life insurance business in 2009, Citigroup Inc. (NYSE:C)’s Diners Club North American franchise in 2009, a mid-western regional bank in 2010 and M&I Bank in 2011 (in additional to other transactions that are still pending). While there has and will continue to be short-term integration costs associated with their recent acquisitions, longer-term will see greater profits as American banking recovers and BMO brings its conservative lending philosophy to the States.

Bottom Line

Although a sky-high yield can be a huge selling point for investors looking for their next dividend paying companies, a history of dividend appreciation can arguably be even more important. These three companies have the track record for consistency, and are positioning themselves well to possibly deliver another hundred years of dividend payments. All good examples of what to look when searching for long-term dividend paying opportunities.

Matthew Luke has no position in any stocks mentioned. The Motley Fool recommends American International Group. The Motley Fool owns shares of American International Group and Citigroup Inc and has the following options: Long Jan 2014 $25 Calls on American International Group.

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