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Dividend stocks can be a great source of passive income. But investors need to be careful when selecting them as weaker businesses sometimes reduce or cancel their payouts.
Here, I’m going to highlight a FTSE 100 dividend stock I hold in my portfolio that has a brilliant long-term track record when it comes to shareholder payouts. I think this stock could potentially pay me passive income for the next two decades.
A consistent dividend payer
The stock in focus is Unilever (LSE: ULVR). It’s a consumer goods company that owns a range of well-known brands including Dove, Domestos, Knorr, and Hellmann’s.
The yield on this stock isn’t super high. Currently, it’s about 3.4%. But that doesn’t bother me. Over the last decade, investors have received overall returns (share price gains plus income) of about 9% a year, which is decent (and well ahead of FTSE 100 returns).
What…
