What do McDonald’s (MCD), Philip Morris (PM), Caterpillar (CAT), Kimberly-Clark (KMB), and Target (TGT) have in common?
Yes, they’re all large-cap stocks that pay solid dividends.
In fact, three are even Dividend Aristocrats, having increased their dividends for at least 25 consecutive years.
But the common characteristic I’m referring to isn’t related to their
dividends… or even their common stocks. Instead, I’m looking higher up
in the capital structure. (more)
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