Paid Dividends Since: 1882
Current Dividend Yield: 2.5%
Oil is often referred to as the lifeblood of modern society. Since 1882, one company has been supplying uninterrupted dividends to shareholders by getting that oil out of the ground and converting it to a product that literally fuels the global economy. That company is Exxon Mobil (NYSE:XOM).
The oil giant is a profit powerhouse, and it isn’t shy about spreading the wealth to shareholders. Each year for the past 29 years, XOM owners have seen their dividend increase, and that’s a trend not likely to cease, no matter what happens with the global economy.
And despite the faddish push toward alternative energy, the need for petroleum products is going to be with us for a long time, which is why you need to put XOM shares into your portfolio. The current dividend yield of 2.5% is another great reason to do just that.