Published Wed, 11 Jan 2017 06:18:17 -0500 on Seeking Alpha
When it comes to dividend growth stocks, there are few better core holdings for one's portfolio than the legendary dividend kings, companies that have raised their dividend for 50+ straight years. Investors can view all of the dividend kings here.
These are companies that have not just proven to have an ability to steadily grow throughout any kind of economic, interest rate, and political environment, but also have a very dividend-friendly corporate culture that endures periodic management changes.
3M (NYSE: MMM), with 58 consecutive years of rising dividends, is one such dividend king, and we happen to hold the company in our Top 20 Dividend Stocks portfolio as well.
Let's take a deep look at what makes up 3M's secret sauce and if this is the type of company that deserves to be a core holding in almost any income growth portfolio.
Founded in 1902 in St. Paul, Minnesota, Minnesota Mining & Manufacturing, or 3M, is one of the world's largest diversified industrial conglomerates. The business operates in over 70 countries and sells its products in over 200 nations and territories. More than 60% of its sales come from outside of the U.S.
Over the past 114 years, 3M has obtained over 100,000 patents for products in nearly every industry on earth. The company operates in five main business segments which market 23,230 products:
Industrial: tape, sealants, abrasives, ceramics, and adhesives for automotive, electronic,... Read more