2 interesting companies that have been raising and paying dividends for over 50 years. Is this guaranteed quality?
Companies that pay stable and increasing dividends over the long term are among the best quality investments on the stock market. They provide shareholders with a regular income and a sign of sound business. But are they guaranteed quality?
Walmart $WMT
Walmart is the largest retail company in the world, founded in 1962 by Sam Walton. It is headquartered in Bentonville, Arkansas. The company operates a chain of grocery stores and retail sales mainly in the US but also in other countries around the world. Walmart stands out for its low prices due to its bulk purchasing and efficient supply chain management. It also offers financial, telecommunications and internet sales services.
Last year, the company generated sales of over $622 billion, with more than half of those sales coming from the US. Walmart employs nearly 2.3 million workers worldwide, including 1.6 million in the US. Its stock has a market capitalization of over $400 billion.
The company is sensitive to economic conditions, but…
$MMM is a great company and I have kept it for a long time. $WMT is also a great company, however I would like to buy the stock lower.
Now you've hit the nail on the head👍I'm no stranger to these companies and have them both in my portfolio. Great businesses. If anyone has been to Canada, they have felt the power of $WMT first hand😊