Wrigley Is a Great Dividend-Paying Stock

The Wrigley Company (WWY), the maker of chewing gum (Juicy Fruit, Doublemint, Spearmint and more), mints and candies, has been satisfying its customers with high-quality products for over 100 years. And long-term shareholders have made lots of money with this stock (chart). Note: I (RAH) have owned WWY for years.

Plus WWY has a long record of paying safe, rising dividends. Since 1987 Wrigley's quarterly dividend, adjusted for stock splits, has increased from $0.016 to $0.29, a 1,712 percent increase.

Investors, who paid a spilt-adjusted $2.31 for WWY in 1987, now have a dividend yield of 50.22 percent ($0.29*4/$2.31).

WWY is an excellent candidate for a long-term dividend reinvestment portfolio.

Posted November 26, 2007.