The company maintains reasonable payout ratios, generates consistent free cash flow, and has proven its commitment to shareholders with consecutive dividend payments since the early 1920s. (simplysafedividends.com)
That's high for other industries, but not one that generates such consistent free cash flow. (canadianbusiness.com)
The company's low payout ratios, consistent free cash flow generation, and reasonably healthy balance sheet position the company well to survive through practically any economic downturn. (simplysafedividends.com)