3 Dividend Growth Stocks to Buy Now for a Lifetime of Passive Income – The Motley Fool
Investing in dividend growth stocks can be a smart way to build a lifetime of passive income. These stocks not only provide regular income in the form of dividends, but they also have a history of increasing their payouts over time. Here are three dividend growth stocks to consider adding to your portfolio now.
1. Johnson & Johnson (NYSE: JNJ) is a well-known healthcare company that has a strong track record of increasing its dividend year after year. With a diversified business model that includes pharmaceuticals, medical devices, and consumer health products, Johnson & Johnson is well-positioned for long-term growth. The company’s solid financials and commitment to innovation make it a reliable choice for investors seeking steady income.
2. Procter & Gamble (NYSE: PG) is another dividend growth stock worth considering. As a leading consumer goods company, Procter & Gamble has a portfolio of well-known brands that generate consistent cash flow. The company has a long history of rewarding shareholders with regular dividend increases, making it a reliable source of passive income. With a focus on innovation and brand building, Procter & Gamble is poised for continued success in the years ahead.
3. Coca-Cola (NYSE: KO) is a global beverage company that has been paying dividends for over a century. With a strong brand and a wide range of products, Coca-Cola is a stable investment for those seeking reliable income. The company’s commitment to innovation and expansion into new markets bode well for its future growth potential. Coca-Cola’s consistent dividend increases make it an attractive choice for investors looking to build a diversified portfolio of dividend growth stocks.
By adding these dividend growth stocks to your portfolio, you can create a steady stream of passive income that can last a lifetime. With their strong businesses and commitment to rewarding shareholders, Johnson & Johnson, Procter & Gamble, and Coca-Cola are solid choices for investors seeking long-term financial stability. Consider investing in these companies now to start building your own source of passive income.