Nestlé, the largest food manufacturer globally, is being highlighted as an attractive opportunity for dividend stock. The company has consistently maintained its dividend since 1959 and has increased it annually for the past 29 years.

Despite challenges from consumer restraint due to inflation in recent years, analysts predict a slight increase in the dividend for the 2024 financial year, with an expected yield of approximately 3.5 percent.

The stock has declined by more than 30 percent since its peak in late 2021. However, experts believe that the company, which is a global market leader in various segments and is financially strong, may have overcome the worst. This presents a favorable entry point for investors who want to benefit from Nestlé's resilience and long-standing dividend history.