The company provides a service that’s absolutely necessary (and it profits handsomely because of it). It’s utility-like in that it provides a service that people have no choice but to pay for. And with high barriers to entry in a recession-proof business, shareholders could be set to profit for many, many years to come…
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If you’re after stable, rising income, keep reading…
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Both appear fairly appealing at today’s prices…
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The company is a market leader across numerous recession-proof products backed by strong brands. And not only does it sport a 10-year dividend growth rate of 26.9%, but with a payout ratio of just 44.4%, the dividend appears very safe…
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Over the last decade alone it’s increased its payout by an average of 19.8% a year…
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