Coca-Cola. PepsiCo. Chevron. Exxon. Colgate-Palmolive. Procter & Gamble. Johnson & Johnson. Those are the companies that I have in mind as signature “this is my largest investment which I will rely on for retirement income” companies that ought to be a hallmark of blue-chip portfolios build to last throughout whatever economic environment presents itself in the coming decades. There is another company that deserves consideration on that list: Nestle.
It is widely underrepresented in the financial literature on long-term investing for a couple of reasons: it is a foreign business, and the reported profits and dividends don’t quite have the smoothness that you get from, say, checking out a profit and dividend history of The Coca-Cola Company. But still, the trajectory for Nestle owners is pretty darn upward over time. The payment is annual, with the company typically declaring a dividend in April and then paying it out to shareholders in May.