Video Podcast #5: A Dividend Aristocrat

Aristocracy has been defined as a portion of society's upper or ruling class due to hereditary rank or title. During unprecedented market volatility it's smart to own a "dividend aristocrat" that brings with it extraordinary lineage in troubled times.

One company with such a bloodline is Abbott Laboratories (ABT) founded in 1888 by Dr. Wallace C. Abbott at the age of 30. During its 130+ year history, it has methodically built four powerhouse business units led by very talented and tenured individuals. With a market capitalization of $165 billion, this blue chip entity began paying a dividend to shareholders in 1924 and has recently completed 385 consecutive quarters delving out profits to its investors in the form of dividends. While this dividend track record is impressive, Abbott has also increased the annual dividend each year for almost 48 years. I believe at 50 years you become a "dividend king".

NMM VLOG 5/4/2020

This video has been designed for general illustrative and educational purposes only, does not purport to show actual result and does not constitute an offer to sell or a solicitation of an offer to buy any security.  No representation, warranty or undertaking, stated or implied, is given as to the accuracy or completeness of the information presented.  Past performance does not guarantee future results.  All investing involves risk of loss including the possible loss of principal. Read full disclaimer.