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The firm is a Dividend Aristocrat and Dividend Champion with 42 years of increases, which makes it interesting to dividend growth investors. The dividend has been raised continuously since 1981.
Competition has heated more than ever in almost every sector. As a result, it has become challenging to identify the best buy-and-hold dividend stocks in 2023. However, some companies have a strong business model in place, and thus they enjoy a meaningful business moat. In addition, they have proved resilient to recessions.
V.F. Corporation is a giant in the apparel industry. The company’s annual sales amount to nearly $12 billion, but the company has humble beginnings. It started all the way back in 1899 and has seen many twists and turns in the 123 years since.
What are Dividend Growth Stocks?
Dividend growth stocks are dividend stocks whose company has consistently increased its dividend. These increase may have occurred coninuously, sometimes for decades.