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3 Ultra-Safe Dividend Stocks That Have Been Paying Dividends for More Than 100 Years
ABTAbbott(ABT) The Motley Fool·2024-11-14 11:19

Core Viewpoint - The article highlights three long-standing companies that have consistently paid dividends, making them attractive options for long-term investors seeking income stocks. Group 1: Coca-Cola - Coca-Cola is recognized for its strong brand power and global presence, with over 200 brands beyond soft drinks [3][4] - The company generated 10.4billioninprofitonsalesof10.4 billion in profit on sales of 46.4 billion over the past four quarters, resulting in a profit margin of 22% [4] - Coca-Cola has paid dividends since 1893 and is part of the Dividend Kings, with a current yield of 3% [5] Group 2: Eli Lilly - Eli Lilly is positioned as a growth stock, particularly due to its promising weight loss drug, tirzepatide, which could generate over 50billioninannualrevenue[6][7]Thecompanyreported50 billion in annual revenue [6][7] - The company reported 34 billion in sales last year, with its stock rising over 200% in the past three years [7] - Eli Lilly has been paying dividends since 1885, with a current yield of 0.6%, which has doubled since 2019 [8][9] Group 3: Abbott Laboratories - Abbott Laboratories offers diversification across testing, pharmaceuticals, and medical devices, with significant revenue from nutritional products [10] - The company reported $1.6 billion in revenue from continuous glucose monitors, growing over 19% year over year [12] - Abbott has been paying dividends since 1924 and is also a Dividend King, with a modest payout ratio of 66% [13]