The GOAT dividend stock that no one seems to know
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High growth stocks with their >100% returns are enticing when the markets are up, but deliver equal if not more pain when the markets turn. 💔
The best dividend stocks on the other hand, offer the comfort of consistent payouts, even when the markets are down. 💰💰
There are several ways to find reliable dividend stocks;
By dividend yields
By the ability to increase dividend payouts annually
By the consistency of dividend payouts.
The GOAT of dividend stocks that we’re looking at today is a company that provides a necessity that every household requires.
And, in doing so, their business has been so sustainable that they have managed to pay 205 years of dividends, consecutively! (that’s at least 6x my age bruh!)
And you’ve probably never heard of them:Â
York Water: The underrated dividend stock that holds the record of paying the longest streak of dividends
York Water is in the business of water distribution as well as wastewater treatment.Â
It isn’t some global or multinational corporation.Â
Instead, it serves a limited geography, covering 54 municipalities within Pennsylvania, distributing over 20 million gallons of water every day, to over 76,000 residential, commercial and industrial customers.
Dividend historyÂ
York Water has been paying out dividends for over 205 years, and had been increasing their payout slowly but steadily over the past 20 years:
Before you balk at the seemingly down-trending dividend yield, let’s take a look at how their share price had fared in the same time period:
That’s 258.8% growth since 2003!
No hype, no tech, no AI. Just Water💦
If you’re FOMO-ing about missing out on the latest hype like Nvidia’s crazy run or the big tech’s sudden bull run, calm down.
There are opportunities out there that will also reward you too, without the hype or drama.
York Water is just one example of a business capable of delivering returns to patient investors.
Here’re 17 more dividend stocks that have been paying out dividends for over 100 years:
