Count on rewards for decades to come
These great companies have built immensely successful brands that have served their investors extremely well over the past several decades. P&G is quite simply the gold standard of dividend-paying consumer stocks. Earlier this year it increased its dividend by 7%. This year marks the 123rd in a row of consecutive dividend payments since the company’s incorporation in 1890. Furthermore, The Procter & Gamble Company (NYSE:PG) has increased its dividend for 57 years in a row. The Clorox Co (NYSE:CLX) recently raised its dividend by 11%, marking the 36 th consecutive year of a dividend increase. Meanwhile, Colgate-Palmolive Company (NYSE:CL) has an enviable dividend streak for itself: the company has paid uninterrupted dividends since 1895.
Since their brands are still hugely popular and necessary to live comfortable lives, there’s little reason to think that The Procter & Gamble Company (NYSE:PG), The Clorox Co (NYSE:CLX), and Colgate-Palmolive Company (NYSE:CL) can’t continue to reward shareholders handsomely for decades to come. As a result, if you’re looking for great stocks to buy over the long-term, each of these companies fits the bill.
Quite simply, P&G, Clorox, and Colgate-Palmolive Company (NYSE:CL) represent great long-term buys. Their steady performance, led by world-class brands, means the reliable returns their investors have enjoyed for decades should continue for many years to come. In an investing environment of low interest rates, the 2.5% to 3% yields available from these stocks are very attractive, and the fact that these companies raise their dividends every year is simply icing on the cake. These stocks should be bought and held for years, and can be core holdings for nearly every investor’s portfolio.
The article Powerful Brands Make These Consumer Stocks Great Long-Term Holdings originally appeared on Fool.com is written by Robert Ciura.
Robert Ciura has no position in any stocks mentioned. The Motley Fool recommends Procter & Gamble.
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