The Sherwin-Williams Company (NYSE:SHW) is included among the 10 Best NYSE Dividend Stocks to Buy.
The Sherwin-Williams Company is an Ohio-based paints and coatings company. It has a long history that goes well beyond its reputation as a top dividend payer. From modest beginnings, it has grown into a leading name in the paints and coatings industry, serving areas such as automotive and marine applications, industrial wood coatings, and more. The company supports its operations with a network of over 5,400 stores and branches, along with more than 140 manufacturing and distribution sites.
What makes The Sherwin-Williams Company attractive as an income stock is the reliability of its dividend. Over the past ten years, it has maintained a conservative payout ratio of 26.6%, while also generating strong free cash flow that easily covers its dividend distributions.
The Sherwin-Williams Company is among the best dividend stocks as the company has increased its payouts for 46 years in a row. The company’s quarterly dividend comes in at $0.79 per share and has a dividend yield of 0.91%, as recorded on September 20.
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