Investing in dividend stocks can provide a stable source of income and an important part of an investment portfolio. However, when selecting dividend-paying stocks, it is important to consider not only the amount of the dividend, but also the long-term prospects of the company.
For example, Intel recently suspended dividend payments, an example of a situation where profitability issues and investment in new projects can affect a company's ability to pay dividends. Fortunately, there are other dividend stocks that can offer stable and secure income.
Abbott Laboratories $ABT
One of the safest dividend stocks is undoubtedly Abbott Laboratories. This healthcare giant has announced a dividend increase for the 52nd consecutive year, and its dividend-paying history spans an incredible 100 years. Abbott, which generates revenue from various segments such as nutrition, diagnostics, pharmaceuticals, and medical devices, is a well-diversified and stable company.
In the most recent period ended June…