Author: Brian Bollinger, Simply Safe Dividends

It has the potential to be a decent high-yield investment for a diversified retirement portfolio.

Few companies have maintained as strong of a dividend growth track record as this one. In fact, it’s arguably the most reliable monthly dividend stock in the market for conservative investors seeking a blend of current income and moderate but dependable payout growth.

It’s enjoyed excellent growth in its portfolio, investment income, and distributable net investment income (which funds the dividend) in recent years.

The company’s scale, hard-to-replicate network assets, mission-critical services, brand recognition, and massive subscriber base remain important competitive advantages.

Oil producers are not normally known for being dependable sources of safe, growing dividends. But this company has proven itself an exception to the rule, thanks to management’s long-term dedication to conservative and profitable capital allocation, low debt levels, integrated operations, and slow but consistent dividend growth.