By: Dividend Sensei
The markets are wobbling as the US barrels towards its first debt default in history, which Moody’s predict will cause another Great Recession.
The secret to a happy and comfortable retirement is generous, and rock-steady dividend income, that’s safe in all economic and market conditions.
This Ultra SWAN quality monthly paying dividend aristocrat has raised its dividend every year through three recessions, a financial crisis, and interest rates as high as 8%.
It was founded in 1969 and has thrived through eight recessions, double-digit inflation, and 16% interest rates. This exceptionally well-managed company is built to last.
Today this 4.4% yielding dividend aristocrat is about 4% undervalued, a classic Buffett-style “wonderful company at a fair price”.
Analysts expect its $12 trillion growth market to allow it to grow 3% to 6% for decades to come, and likely generate double-digit long-term returns that can help you both retire rich, and stay rich in retirement, no matter what happens with the economy in the future.