A FTSE 100 dividend stock I think will pay you for the rest of your life

first_imgSimply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. See all posts by Rupert Hargreaves “This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! A FTSE 100 dividend stock I think will pay you for the rest of your lifecenter_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Rupert Hargreaves | Sunday, 2nd August, 2020 | More on: ULVR Enter Your Email Address Rupert Hargreaves owns shares in Unilever. The Motley Fool UK has recommended Unilever. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. This year, many FTSE 100 businesses have been forced to slash their shareholder distributions. Dividend cuts and deferrals of UK companies have now topped £30bn. This has left income investors with a large hole in their portfolios. However, there is at least one FTSE 100 dividend stock that has been able to avoid the carnage. FTSE 100 dividend stock to buy Unilever (LSE: ULVR) is one of the FTSE 100’s top income stocks. With a dividend yield of around 3.1% at present, the company does not offer the highest level of income in the FTSE 100. The average yield in the index is about 4%. Still, what the group lacks in yield it more than makes up for in sustainability. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…As one of the world’s largest consumer goods companies, Unilever is a reasonably defensive business. Its recent trading update showed just how defensive the group’s operations are, especially in uncertain times.Underlying sales declined by 0.3% in the second quarter. That’s the first time in 14 years the FTSE 100 dividend stock has reported a decline in sales, but considering the impact coronavirus has had on the global economy, it’s highly impressive. Rising sales of cleaning products and ice cream helped the business offset declines in other areas. Sales of ice cream jumped 26% in the second quarter. This performance allowed management to keep the company’s dividend payout in place. Long-term strength Unilever’s performance over the past six months shows why the company is a champion FTSE 100 dividend stock, in my opinion. The group’s international operations and defensive product lines have helped it navigate the pandemic with relative ease. These advantages may also help the business prosper for many years to come. Unilever’s profitability means the company has plenty of cash to reinvest back into its operations. This implies that the corporation can continue to change with the times and meet changing consumer tastes. This could also be a positive for the company’s dividend growth. Thanks to rising profitability, the FTSE 100 dividend stock has been able to increase its annual payout to investors by a third over the past six years. As management continues to invest in the group’s growth, it seems highly likely this trend will continue. The bottom line The outlook for the global economy is highly uncertain at present. However, Unilever has shown over the past six months that the company has what it takes to navigate the storm successfully. This suggests that no matter what happens throughout the rest of 2020, the FTSE 100 dividend stock may continue to register a positive performance. What’s more, despite its recent performance, the stock is still trading nearly 20% below its all-time high reached in September 2019. This implies that the blue-chip income champion may offer a margin of safety at current levels.As such, now may be a good time to snap up a share of this FTSE 100 dividend stock.last_img

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