3 Amazing Dividend Stocks That Keep Giving: Your Guide to Dividend Kings
Hey there! If you’re looking to make your money work for you, you might want to consider dividend stocks. These are companies that pay you a portion of their profits regularly—like getting a bonus for just being an owner! In this post, we're diving into three incredible companies known as “Dividend Kings.” Why? Because they’ve been consistently raising their dividends for over 60 years! Let’s check them out!
1. Coca-Cola (KO)
Current Price: $66.08
Market Cap: $287B
Dividend Yield: 3.1%
Coca-Cola is not just about refreshing drinks but also about steady investments. This company has weathered tough economic conditions thanks to its strong brand recognition. Whether it’s good ol’ Coke or trendy options like Coke Zero, people love their products!
What’s even cooler? Coca-Cola has consistently jacked up its dividends for 63 years! That means they aren't just paying you; they’re committed to giving you even more over time. With a solid dividend yield of 3.1%, it’s like having a reliable friend who always pays you back!
2. Procter & Gamble (PG)
Current Price: $150.59
Dividend Yield: 2.7%
Procter & Gamble is the powerhouse behind everyday essentials like Pampers, Tide, and Gillette. Everyone needs these products, making P&G a no-brainer for consistent profitability. Their earnings have been impressively stable—hovering between $80 billion to $84 billion for the last four years!
What’s more impressive is that they've kept raising dividends for an astonishing 69 years! Talk about reliability. With a yield of 2.7%, investing in Procter & Gamble means you can count on at least a little extra cash flow every year.
3. Johnson & Johnson (JNJ)
Current Price: $188.24
Dividend Yield: Just under 3%
Last but definitely not least, we have Johnson & Johnson. This iconic healthcare giant has shifted its focus mainly to the higher-growth areas of pharmaceuticals and medical devices. You might think this could put dividend payouts at risk, but not for J&J!
They’ve recently upped their dividend by about 5%, extending their streak of annual increases to 63 years. With a growing anticipation of drug approvals, J&J is ready for steady growth. They aim to grow their operations by about 5% to 7% annually, which means more dividends for you!
Why Invest in Dividend Stocks?
So, why should you care about dividend stocks? Here’s the gist:
- Recurrent Income: These stocks provide regular cash flow, which can be re-invested or saved.
- Inflation Shield: Companies that raise dividends help keep your income from shrinking over time.
- Long-term Stability: Investing in companies with a track record of increasing dividends minimizes volatility and pushes you towards financial stability.
Wrapping It Up
Investing in companies like Coca-Cola, Procter & Gamble, and Johnson & Johnson not only gives you a shot at growth but also gives you peace of mind knowing you’re part of a long-standing tradition of reliability. So, what are you waiting for? Consider adding these Dividend Kings to your portfolio!
Happy investing!
About The Author:
David Jagielski is a certified CPA and an experienced stock market analyst at The Motley Fool, specializing in consumer staples, healthcare, and technology stocks since 2017. He’s passionate about helping people make smart financial moves!
Have any thoughts or questions? Drop them in the comments below!
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