Last year, artificial intelligence (AI) was the main focus in the markets, driving tech stocks to the forefront. These stocks rose by nearly 56%, accounting for the majority of the market’s gains. However, these trends quickly lose popularity once they emerge. Experienced long-term investors understand a crucial principle: while chasing short-term investment trends can often lead to disappointment, committing to a long-term strategy can yield success. As AI-related companies drove the market upward, the valuations of high dividend-paying companies quietly declined in comparison. It is not about attractive valuations of dividend stocks, these stocks also offer diversification benefits and the potential for a growing income stream, especially if the Fed decides to lower interest rates, making them a strong investment option. These stocks become more attractive when companies have a solid history of consistently paying and increasing their payouts. Read our list of Best Dividend Kings to Buy for Safe Dividend Growth.
Dividend zombies are companies that have paid dividends to shareholders for at least 100 consecutive years whereas dividend kings are companies boasting 50 years of dividend growth. Dividend growers have shown strong performance over the years, often surpassing the overall market returns. The Dividend Aristocrats index, which tracks the performance of companies with 25 consecutive years or more, has outperformed the broader market since its inception in 2005, with lower levels of volatility. Historically, the index has captured 90% of the market’s upward movements while experiencing only 82% of its declines. Currently, the Aristocrats are trading at a price-to-earnings multiple that is more than 10% lower than that of the broader market. This discount level has historically preceded prolonged periods of superior performance by the Aristocrats.
Since the end of 1989, there have been six calendar years where the broader market experienced negative performance. In each of these years, the Dividend Aristocrat index surpassed the performance of the broader equity benchmark by an average of 13.28%. Remarkably, the aristocrats delivered positive total returns in three of those years.
Given investors’ preference for dividend stocks, companies listed in the broader market indices are consistently increasing and sustaining their dividend payments. In the first quarter of 2024, the S&P’s main index distributed $151.6 billion in dividends, compared to $146.8 billion in Q1 2023. There were 796 reported dividend increases in the first quarter, totaling $22.7 billion, up from $19.7 billion in the prior-year period.
The impressive returns of dividend growers clearly demonstrate their strong performance. In this article, we will take a look at dividend zombies and dividend kings to invest in.
Our Methodology:
For this list, we selected companies that have paid dividends for over 100 years and also have strong dividend growth histories. Some of these companies are dividend kings, which means that they have raised their payouts for 50 years or more. We also considered the hedge fund sentiment around each stock, according to Insider Monkey’s database for Q1 2024. The stocks are ranked in ascending order of the consecutive years of dividend payments. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).
10. Union Pacific Corporation (NYSE:UNP)
Consecutive Years of Dividend Payments: 125
Union Pacific Corporation (NYSE:UNP) is an American transportation company that operates railroads, connecting 23 states. The transportation industry has experienced a decrease in demand for services over the past year because of widespread macroeconomic issues. However, UNP seems to be managing its operations effectively, as seen in its Q1 2024 earnings. The company reported revenue of $6.03 billion, which fell slightly by 0.4% from the same period last year. Its operating income of $2.4 billion showed a 3% growth on a year-over-year basis. This increase was primarily due to higher prices and a favorable mix of freight, which helped to counterbalance the decline in volume and lower revenue from fuel surcharges.
Jim Vena became the CEO of Union Pacific Corporation (NYSE:UNP) last August and is known for his focus on reducing costs. His actions were highly anticipated by Street analysts during the earnings period. In the most recent quarter, the company saw a 1% YoY improvement in workforce productivity and a 4% increase in freight car velocity. In addition, its operating ratio, which is a key indicator of efficiency, improved by 140 basis points to 60.7%. Wall Street analysts have a consensus Moderate Buy rating on UNP with a $265.3 price target, which reflects a 19% upside potential, as of June 20.
Union Pacific Corporation (NYSE:UNP) also showed a strong cash position in the first quarter of 2024, highlighting its financial strength alongside solid operational efficiency. The company’s cash generation is particularly great news for income investors, as it ensures smooth sailing for its dividend payments. In the most recent quarter, the company reported an operating cash flow of over $2.1 billion, up from $1.8 billion in the prior-year period. Its free cash flow also grew to $525 million, from $240 million. The company’s quarterly dividend comes in at $1.30 per share for a dividend yield of 2.34%, as of June 20. It is one of the dividend zombies on our list as the company has been paying dividends for the past 125 consecutive years.
At the end of Q1 2024, 87 hedge funds tracked by Insider Monkey reported having stakes in Union Pacific Corporation (NYSE:UNP), down from 90 in the previous quarter. The consolidated value of these stakes is roughly $5 billion. With nearly 6 million shares, Fisher Asset Management was the company’s leading stakeholder in Q1.
9. PPG Industries, Inc. (NYSE:PPG)
Consecutive Years of Dividend Payments: 125
PPG Industries, Inc. (NYSE:PPG) is a Pennsylvania-based paint and coat manufacturing company that offers a wide range of related products and services. The company has benefitted a lot from its European exposure. In the early 1900s, it was one of the first US companies to expand its operations into Europe by acquiring a glass plant in Belgium. Throughout the 1920s, the company experienced sustained growth driven by its glass and paint divisions, which mainly benefitted from the expanding automotive industry and the construction of skyscrapers. It expects its demand to stabilize in Europe for the second quarter of 2024 and continued growth in China and Mexico.
Since the start of 2024, PPG Industries, Inc. (NYSE:PPG) has declined by over 13% due to investor disappointment with the mixed first-quarter earnings and worries about weak growth. Despite this, the company’s management expects low single-digit organic sales growth for the year. They believe that increased demand from China and India will help balance out the declines in Europe and other markets.
ClearBridge’s Large Cap Value Strategy highlighted PPG Industries, Inc. (NYSE:PPG)’s European exposure in its Q2 2023 investor letter. Here is what the firm said:
“We were fairly active in the quarter as market dislocations allowed us to be opportunistic, while focusing on companies with stronger moats, better pricing power, more predictable long-term growth and higher returns. In the materials sector we exited PPG Industries, Inc. (NYSE:PPG) and initiated a position in Sherwin-Williams. While both companies operate in the paint and coating industry and are benefiting from improving margins as raw material prices have come down of late, we believe Sherwin-Williams’ dominant retail footprint affords it better pricing power through the cycle. The company provided conservative 2023 guidance and has been successfully gaining market share in the pro segment. While PPG has more European and industrial exposure, Sherwin-Williams’ residential and more domestic focus should also benefit the company as housing indicators appear to be troughing. Weak housing in the face of higher mortgage rates caused Sherwin-Williams stock to sell off in the first quarter, creating a compelling investment opportunity for long-term focused fundamental investors.”
PPG Industries, Inc. (NYSE:PPG), one of the best dividend zombies on our list, has been rewarding shareholders with growing dividends for the past 125 years. In addition, the company is a Dividend King with 52 consecutive years of dividend growth under its belt. The company pays a quarterly dividend of $0.65 per share for a dividend yield of 2.03%, as recorded on June 20.
As of the close of Q1 2023, 35 hedge funds in Insider Monkey’s database reported having stakes in PPG Industries, Inc. (NYSE:PPG), down from 39 in the preceding quarter. These stakes are collectively worth nearly $758 million.
8. Colgate-Palmolive Company (NYSE:CL)
Consecutive Years of Dividend Payments: 129
Colgate-Palmolive Company (NYSE:CL) ranks eighth on our list of the best dividend zombies. The company, that started a small soap and candle business, is now one of the largest manufacturing companies in the world, specializing in consumer products. Last month, Morgan Stanley released a list of companies they believe are well-positioned to withstand a weakening consumer market. The analyst at the firm highlighted companies rated as Overweight, where the market has not fully appreciated the positive strategic changes or adjustments these companies are making to handle the current consumer environment better. For Colgate-Palmolive Company (NYSE:CL), recent strategic changes, like emphasizing its e-commerce channel, are proving successful. While this improvement is somewhat reflected in the company’s valuation, we believe these strategic adjustments will drive sustained higher organic sales growth for CL compared to its peers in the long run.
In the first quarter of 2024, Colgate-Palmolive Company (NYSE:CL) reported revenue of $5.07 billion, which showed a 6.2% growth from the same period last year. The company has maintained its leadership in the toothpaste and manual toothbrushes market, holding a global market share of 41.3% and 31.7% so far this year, respectively. Its dividend payments are safe as its cash generation remains strong. The company generated over $681 million in operating cash flow and its free cash flow came in at $555 million.
Colgate-Palmolive Company (NYSE:CL) announced a quarterly dividend of $0.50 per share on June 13, which was in line with its previous dividend. Overall, it has been growing its dividends for the past 62 years and has paid dividends regularly for 129 years in a row, which makes it one of the best dividend zombies on our list. The stock has a dividend yield of 2.06%, as of June 20.
Insider Monkey’s database of Q1 2024 indicated that 50 hedge funds owned stakes in Colgate-Palmolive Company (NYSE:CL), compared with 54 in the previous quarter. These stakes are valued at over $2.1 billion in total. With over 10.5 million shares, First Eagle Investment Management was the company’s leading stakeholder in Q1.
7. The Procter & Gamble Company (NYSE:PG)
Consecutive Years of Dividend Payments: 134
The Procter & Gamble Company (NYSE:PG) is an American multinational consumer goods company. It took over two years, but PG achieved a new all-time high in May of this year, reaching $168 per share, which surpassed its previous peak of approximately $165. The company’s effective execution is one of the fundamental reasons why the stock has achieved a new all-time high. It has performed well over the years. Especially during periods of inflation, it successfully implemented significant price hikes. For example, throughout fiscal 2023, organic sales saw growth in every quarter. Moreover, the company managed to expand its market share in 31 out of its 50 key category and country combinations during this period.
In fiscal Q3 2024, The Procter & Gamble Company (NYSE:PG) reported revenue of over $20.2 billion, which showed a slight 0.63% growth from the same period last year. The company achieved solid sales and strong earnings growth during the quarter despite facing several challenges. This performance allowed the company to increase its EPS growth forecast and uphold its revenue expectation for the fiscal year. The company’s operating cash flow for the quarter came in at $4.1 billion and its free cash flow productivity was 87%. The Procter & Gamble Company (NYSE:PG) remained committed to its shareholder obligation as it returned $3.3 billion to investors in Q3 through dividends and share repurchases.
The Procter & Gamble Company (NYSE:PG) currently offers a quarterly dividend of $$1.0065 per share and has a dividend yield of 2.41%, as of June 20. The company has never missed a dividend for 134 consecutive years and has raised its payouts for 68 years in a row. It is among the best dividend zombies on our list.
The Procter & Gamble Company (NYSE:PG) was a part of 69 hedge fund portfolios at the end of Q1 2024, compared with 71 in the previous quarter, as per Insider Monkey’s database. These stakes are valued at over $7.2 billion. Fisher Asset Management was the company’s leading stakeholder in Q1. The hedge fund also remained bullish on the stock, boosting its PG stake by 56%.
6. Eli Lilly and Company (NYSE:LLY)
Consecutive Years of Dividend Payments: 139
Eli Lilly and Company (NYSE:LLY) ranks sixth on our list of the best dividend zombies. The global pharmaceutical company that manufactures and develops a wide range of medicines for serious ailments. In the first quarter of 2024, the company reported revenue of $8.77 billion, which showed a 26% growth from the same period last year. This growth in revenue was thanks to the success of two new drugs: Zepbound, approved for weight loss, and Mounjaro, approved for diabetes. The company’s advancements in tackling some of the world’s major healthcare issues have led to a higher demand for its medicines.
Eli Lilly and Company (NYSE:LLY) also grew its gross margins by 33% on a year-over-year basis to $7.09 billion. The company has strong fundamentals and a portfolio of highly successful products. According to analysts, while the stock might be volatile in the short term due to market fluctuations, significant growth is anticipated in the weight loss, diabetes, and Alzheimer’s markets. Since the start of 2024, the stock has gained nearly 13% and in the past five years, the stock delivered a 50.6% return.
On May 6, Eli Lilly and Company (NYSE:LLY) declared a quarterly dividend of $1.30 per share, which was in line with its previous dividend. In 2023, the company achieved its 10th consecutive year of dividend growth. Moreover, it has been making regular dividend payments to shareholders since 1885, which makes it one of the best dividend zombies on our list. The stock’s dividend yield on June 20 came in at 0.59%.
Baron Funds highlighted Eli Lilly and Company (NYSE:LLY)’s new drugs and the company’s overall performance in its Q1 2024 investor letter. Here is what the firm has to say:
“Eli Lilly and Company (NYSE:LLY) is a global pharmaceutical company that discovers, develops, manufactures, and sells medicines in the categories of diabetes, oncology, neuroscience, and immunology, among other areas. Stock performance was strong due to robust fourth quarter sales of Mounjaro/ Zepbound, better-than-anticipated initial guidance for fiscal year 2024, and ongoing enthusiasm surrounding the company’s obesity and diabetes franchises. We continue to think Lilly is well positioned to grow revenue and earnings at attractive rates through the end of the decade and beyond.”
The number of hedge funds tracked by Insider Monkey owning stakes in Eli Lilly and Company (NYSE:LLY) grew to 109 in Q1 2024, from 102 in the previous quarter. The total value of these stakes is over $13.6 billion. Among these hedge funds, Fisher Asset Management was the company’s leading stakeholder in Q1.
While we acknowledge the potential of healthcare stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
5. Consolidated Edison, Inc. (NYSE:ED)
Consecutive Years of Dividend Payments: 139
Consolidated Edison, Inc. (NYSE:ED) is a New York-based energy company that offers electric, gas, and steam services to its consumers. Income investors often favor utility companies because they offer predictable cash flows, supported by consistent demand and government-regulated rate structures. The company’s first-quarter earnings reflect the solid rate base growth it projects for its utilities through 2028. This growth is driven by investments to protect its equipment from climate change and to build an electric grid capable of delivering 100% clean energy.
Consolidated Edison, Inc. (NYSE:ED) is one of the dividend zombies on our list as the company has paid regular dividends to shareholders for the past 139 years. Moreover, it has raised its dividends through six US recessions, with a dividend growth streak spanning over 50 years. Over this period, it has raised its payouts at a compound annual growth rate of 5.65%. The company’s quarterly dividend comes in at $0.83 per share for a dividend yield of 3.67%, as of June 20. Even though its dividend growth rate is a bit slow, the company’s long history of consistent dividend payments makes it a rock-solid choice for income investors.
Consolidated Edison, Inc. (NYSE:ED) is dedicated to fulfilling its obligations to shareholders as the company has announced that it aims to pay 55% to 65% of its adjusted earnings through dividends. This is a reduction from its previous target of 60% to 70%. The company intends to retain more of its earnings to fund growth internally. This strategy is expected to accelerate earnings per share growth, positioning the company to potentially achieve higher total returns by combining dividend income with stock price appreciation as earnings increase.
According to Insider Monkey’s database of Q1 2024, 35 hedge funds, up from 28 in the previous quarter, owned stakes in Consolidated Edison, Inc. (NYSE:ED). The total value of these stakes is roughly $445 million.
4. UGI Corporation (NYSE:UGI)
Consecutive Years of Dividend Payments: 140
Another utility company that made it to our list of the best dividend zombies is UGI Corporation (NYSE:UGI). The natural gas and electric utility company delivers reliable, safe, and affordable energy to its consumers. It currently pays a quarterly dividend of $0.375 per share and carries an impressive dividend yield of 6.56%, as of June 20. The company has maintained an unbroken record of dividend payments for 140 years and has consistently increased its payouts for the past 37 years in a row.
In fiscal Q2 2024, UGI Corporation (NYSE:UGI)’s natural gas division achieved its highest second-quarter earnings, showing a 32% increase from the same period last year. In addition, significant progress was made in cost control efforts to enhance operational efficiency across the business. These outcomes highlight the resilience of its portfolio to provide long-term value to shareholders. For FY24, the company expects to achieve results that align with its adjusted EPS guidance range. It expects its EPS to be between $2.70 and $3.002 per share.
First Pacific Advisors mentioned UGI Corporation (NYSE:UGI) in its Q1 2024 investor letter. Here is what the firm has to say:
“UGI Corporation (NYSE:UGI) owns gas utilities and pipelines in Pennsylvania and West Virginia and the largest propane distribution businesses in the United States and Europe. Despite its disparate parts, UGI has increased consolidated earnings at a relatively steady high- single-digit rate while distributing excess cash through dividends. UGI’s share price has declined because of a combination of poor execution and too much debt at AmeriGas, UGI’s U.S. propane business. On August 30, 2023 UGI announced a review of strategic alternatives. We believe the company’s stock price is attractive at less than 10x earnings, and we have been incrementally adding to the Fund’s position.”
At the end of March 2024, 29 hedge funds in Insider Monkey’s database owned stakes in UGI Corporation (NYSE:UGI), down from 33 a quarter earlier. These stakes have a total value of nearly $180 million. Citadel Investment Group was one of the company’s leading stakeholders in Q1. The hedge fund also presented a bullish stance on the company, increasing its UGI position by 154% during the quarter.
3. Exxon Mobil Corporation (NYSE:XOM)
Consecutive Years of Dividend Payments: 142
Exxon Mobil Corporation (NYSE:XOM) ranks third on our list of the best dividend zombies. The American energy company benefits a lot from expanding its production capacity. The company recently completed the acquisition of Pioneer Natural Resources, significantly increasing its presence in the Delaware and Midland basins to 1.4 million acres. In the first quarter of 2024, the company surpassed 600,000 barrels of oil equivalent per day in Guyana and finalized the investment decision for its sixth major development project. Guyana is a crucial exploration area for the company, offering lower oil production costs of $25 to $35 per barrel. This cost efficiency is particularly profitable for Exxon Mobil Corporation (NYSE:XOM) because of its larger size and scale compared to other oil exploration companies.
Exxon Mobil Corporation (NYSE:XOM) has strengthened its balance sheet thanks to several years of profit. The company generated over $10 billion in free cash flow in the first quarter of 2024, beating analysts’ estimates by 21%. Its operating cash flow for the quarter came in at $14.7 billion. A $10 billion boost to its cash flow is an impressive return on the company’s $94 billion in capital expenditures since 2019. Despite reducing capital spending by 8.5% compared to the previous year, the company still returned $6.8 billion to shareholders through dividends and share repurchases. It also spent $5.8 billion on capital and exploration expenditures. This shareholder return and solid cash generation make Exxon Mobil Corporation (NYSE:XOM) one of the most reliable options for income investors. Additionally, the company has a minimal debt of around $40 billion and a free cash flow of $33 billion. With a debt-to-EBITDA ratio of 0.58, debt is not a concern for shareholders. The stock is trading at a forward P/E of 12.08, which appears cheap considering the company’s cash position, recent earnings, and growth outlook.
Madison Investments highlighted the strengths of Exxon Mobil Corporation (NYSE:XOM) and its outlook in its Q1 2024 investor letter.
“This quarter we are highlighting Exxon Mobil Corporation (NYSE:XOM) as a relative yield example in the Energy sector. XOM is a leading integrated oil and natural gas company. It has upstream assets that develop and produce oil and natural gas, along with downstream refining and chemical manufacturing assets. We believe it has attractive low-cost acreage in the Permian basin and has a sizeable growth opportunity in Guyana. Further, we think XOM has a sustainable competitive advantage due to size and scale, and its ability to integrate refining and chemical assets provides a low-cost advantage versus competitors.
Our thesis on XOM is that it will grow production volumes of oil and gas moderately over the next few years, while limiting excessive capital investment that plagued the industry from 2014-2020. Production growth will come from its 2023 acquisition of Pioneer Natural Resources, which is the largest producer in the Permian basin. XOM plans to double its Permian output by 2027, to 2 million barrels per day. Capital spending will be limited to $20-25 billion per year through 2027, which should allow for significant amounts of cash to be returned to shareholders including a $35 billion share repurchase program and continued dividend increases. Higher oil prices would provide a tailwind to our thesis but are not necessary. We think XOM can grow earnings and cash flow if oil prices remain above $60 per barrel…” (Click here to read the full text)
Exxon Mobil Corporation (NYSE:XOM) offers a quarterly dividend of $0.95 per share and has a dividend yield of 3.40%, as of June 20. The company has been paying uninterrupted dividends to shareholders for the past 142 years and its dividend growth streak spans over 41 years. It is among the dividend zombies on our list.
Exxon Mobil Corporation (NYSE:XOM) was included in 81 hedge fund portfolios at the end of Q1 2024, compared with 85 in the previous quarter, according to Insider Monkey’s database. The stakes held by these hedge funds have a consolidated value of over $5.5 billion. With over 26.4 million shares, Fisher Asset Management was the company’s leading stakeholder in Q1.
2. Stanley Black & Decker, Inc. (NYSE:SWK)
Consecutive Years of Dividend Payments: 147
Stanley Black & Decker, Inc. (NYSE:SWK) is a Connecticut-based manufacturing company that specializes in industrial tools and household hardware. On April 26, the company announced a quarterly dividend of $0.81 per share, which fell in line with its previous dividend. It has paid regular dividends to shareholders for the past 147 years and its dividend growth streak stands at 57 years. The stock has a dividend yield of 3.85%, as of June 20. SWK is among the dividend zombies on our list.
Stanley Black & Decker, Inc. (NYSE:SWK) surpassed analysts’ estimates in the first quarter of 2024. Its EPS of $0.56 and revenue of $3.87 billion beat analysts’ consensus by $0.01 and $35.7 million, respectively. Its revenue fell by nearly 2% on a year-over-year basis due to fluctuating demand. The company expects that varying demand trends will continue across its businesses in 2024. To address this, it is focusing on improving supply chain costs to increase margins, drive earnings growth, and generate strong cash flow. In addition, the company is investing in growth initiatives aimed at boosting innovation and unique market strategies to capitalize on promising long-term opportunities. Although the company reported mixed results, it remains confident in its balance sheet. This confidence is partly due to the success of its cost-reduction program. This cost-cutting program, which saved the company $145 million in Q1 2024, is projected to save $1.45 billion by the end of the year and $2 billion by the end of 2025.
Stanley Black & Decker, Inc. (NYSE:SWK) leads the market in the Tools & Outdoor segment, which saw its margin rise to 7.8%, a 720 basis point increase from the previous year. The segment’s revenue for the quarter fell slightly by 1% from the same period last year.
Insider Monkey’s database of Q1 2024 indicated that 31 hedge funds owned stakes in Stanley Black & Decker, Inc. (NYSE:SWK), which remained unchanged from the previous quarter. The collective value of these stakes is more than $715.3 million.
1. The York Water Company (NASDAQ:YORW)
Consecutive Years of Dividend Payments: 209
The York Water Company (NASDAQ:YORW) tops our list of the best dividend zombies to invest in. The water services company has never missed a dividend in 209 years, the longest streak held by any publicly traded company in the US market. The company offers a quarterly dividend of $0.2108 per share and has a dividend yield of 2.34%, as of June 20. It has been rewarding shareholders with growing dividends for the past 27 years.
As a water utility company, The York Water Company (NASDAQ:YORW)’s growth depends on its customer base and water and wastewater rates. Since it can’t directly control prices, the most effective way for the company to expand is by increasing its number of customers. The company has pursued growth by acquiring other businesses within its territory. Its customer count rose modestly from 71,411 in 2019 to 78,000 at the end of 2023. The company’s revenue for FY23 came in at over $71 million, up from $60 million in the previous year.
The York Water Company (NASDAQ:YORW) benefits massively from its business model. Since the services provided by the company are needed by nearly every renter and homeowner, its operating cash flow remains clear and predictable year after year. Its operating cash flow for FY23 jumped to $32 million during the year, from $22 million in the prior-year period. The company’s debt situation might worry investors as it had $190 million in long-term debt at the end of 2023, which might become more expensive to manage if high interest rates persist. However, its debt/equity ratio of 0.85 positions it relatively in a safe spot.
At the end of the March quarter of 2024, 9 hedge funds held stakes in The York Water Company (NASDAQ:YORW), up from 8 in the previous quarter, as per Insider Monkey’s database. These stakes are valued at over $37 million in total.
While we acknowledge the potential of YORW as an investment, our conviction lies in the belief that deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued dividend stock that is as promising as YORW but that trades at less than 7 times its earnings and yields nearly 10%, check out our report about the dirt cheap dividend stock.
