This historically cheap company has been paying a continuous dividend 60 years longer than any other public company in the U.S.
Key Points
-
Dividend stocks have more than doubled the average annual return of non-payers over the previous 52 years.
-
The stock I purchased has lost 44% of its value over the trailing five years, with a premium valuation, high inflation, and a recent public offering sending its shares to an eight-year low.
-
However, this oft-overlooked utility packs a punch and offers several competitive advantages — including a dividend that’s been paid, without fail, for the last 210 years.
