- Dividend stocks provide investors with a regular income source.
- These stocks have the potential to withstand an economic downturn.
- BHP, RIO, PTM, MIN, HVN are a few dividend stocks with long dividend history.
Who doesn’t like to have a dividend stock included in their portfolio? The majority of the market participants gets attracted to stocks that offer dividends. The reason is simple. Dividend stocks provide them with consistent income and can weather the economic downturn.
Besides, most dividend-paying companies are established businesses and have considerable cash. Thus, these companies are strong and have an excellent prospect for long-term performance.
For companies that have a history of providing a dividend to their shareholders, give confidence about the stability and financial state of the company.
On that note, let us look at a few ASX 200 stocks with long dividend history.
BHP Group Limited (ASX:BHP)
Headquartered in Melbourne, BHP Group is a world-leading resources company. The products offered by the Company are sold globally with sales and marketing led through Singapore and Houston sites.
The Company focuses on resources needed by the world to grow like copper, nickel, potash, iron ore, metallurgical coal for the steel required for global infrastructure.
The Company was listed on 13 August 1885 and has constantly provided dividends since 2012. It has provided a final dividend of AU$2.715 in FY2021.
By the end of the day’s trade on 15 November 2021, BHP shares settled at AU$37.460, down 0.637% from the previous close. It has a market cap of AU$111.22 billion.
Rio Tinto Limited (ASX:RIO)
Rio Tinto produces copper, iron ore, coal, aluminium, borates, titanium dioxide, diamonds and other minerals and metals. The Company was listed on 19 September 1962 and has constantly provided dividends since 2012.
The Company was founded in 1873 and is Headquartered in London. Its specialities include mining, processing, exploration, metals, minerals, and energy.
The Company operates in ~35 nations. On 09 November 2021, Rio Tinto announced that it is partnering with RESOLVE to introduce Regeneration, a start-up that will utilise the re-mining and processing of waste from legacy mine sites to assist recovery events plus restore natural environments. RESOLVE is a Washington-based non-profit organisation.
Regeneration will extract precious minerals & metals from mine tailings, waste rock and water.
By the end of the day’s trade on 15 November 2021, RIO shares settled at AU$91.840, down 0.402% from the previous close. It has a market cap of AU$34.22 billion.
- Rio Tinto and BlueScope Steel to explore green energy to reduce carbon footprint
- Rio (ASX:RIO) unveils strategy to cut carbon emissions
Platinum Asset Management Limited (ASX:PTM)
Platinum Asset Management Limited is a fund management firm that focuses on investing in global equities. The Company was founded in 1994 got listed in the year 2007. Since 2012, the Company has consistently provided dividends. PTM provided a final dividend of AU$0.120 per share in FY2021.
It offers products with different features as per the requirement of investors and provides multiple ways of accessing its popular global and regional equity strategies, comprising unlisted Australian-registered managed funds, LICs listed on ASX, ASX-quoted actively managed funds, plus a mFund.
By the end of the day’s trade on 15 November 2021, PTM shares settled at AU$2.910, down 2.021% from the previous close. It has a market cap of AU$1.74 billion.
Mineral Resources Limited (ASX:MIN)
Mineral Resources is an advanced and leading mining services company with a developing outstanding portfolio of mining operations around several commodities, involving iron ore & lithium.
The Company was listed in 2006 and has been consistent in terms of offering dividends since 2012. It provided a final dividend of AU$1.750 per share on 07 September 2021.
By the end of the day’s trade on 15 November 2021, MIN shares settled at AU$41.170, up 3.338% from the previous close. It has a market cap of AU$7.52 billion.
Harvey Norman Holdings Limited (ASX:HVN)
Harvey Norman Holdings is from the retail sector, and its principal activities include integrated retail, franchise, property and digital enterprise. The Company was listed on 03 September 1987 and has constantly provided dividends since 2012. It provided a final dividend of AU$0.150 for FY2021 on 15 November 2021.
By the end of the day’s trade on 15 November 2021, HVN shares settled at AU$5.130, up 0.588% from the previous close. It has a market cap of AU$6.35 billion
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Dividend stocks with a long history of providing dividends give investors’ confidence while looking for dividend stocks.