A reason why I cover businesses that have upped their dividend payouts annually for years and years is because it touches upon the nerve of permanent wealth creation–timeless demand for the core product. When I point out that Colgate-Palmolive has raised its dividend every quarter since the day on which President Kennedy, C.S. Lewis, and Aldous Huxley simultaneously died, I am not only sharing the insight that it is attainable to own something that sends you more and more cash each year.
I am also pointing out that the growing dividend payout ratio is telling you something about the products being sold. Toothpaste in general, and Colgate toothpaste in particular, is so enmeshed … Read the rest of this article!