If you’re looking for some solid dividend growth stocks to add to your portfolio, here are three options that you can consider buying and holding onto for the long term.
1. Johnson & Johnson (JNJ)
Johnson & Johnson is a well-known company that has a strong track record of increasing its dividend payout year after year. The company operates in the healthcare industry, which tends to be more resilient during economic downturns. With a diverse range of products and services, Johnson & Johnson is well-positioned to continue growing its dividend in the years to come.
2. Coca-Cola (KO)
Coca-Cola is another reliable dividend growth stock that can be a great addition to your portfolio. The company has a strong brand presence and a global reach, which helps to generate consistent cash flow. Coca-Cola has a long history of raising its dividend, making it a great stock to hold onto for the long term.
3. Procter & Gamble (PG)
Procter & Gamble is a consumer goods company that offers a wide range of products that people use in their daily lives. The company has a strong track record of increasing its dividend payout, making it a solid choice for investors looking for steady income. With a diverse product portfolio and a focus on innovation, Procter & Gamble is well-positioned for long-term growth.
Overall, these three dividend growth stocks – Johnson & Johnson, Coca-Cola, and Procter & Gamble – offer investors the opportunity to build a reliable and growing income stream over time. By holding onto these stocks for the long term, you can benefit from their consistent dividend payments and potential for capital appreciation.