Looking for some defensive dividend stocks to add to your portfolio? Here are three options worth considering.
1. Procter & Gamble (PG)
Procter & Gamble is a well-established consumer goods company that has consistently paid dividends for over a century. With a diverse product portfolio that includes household names like Tide, Crest, and Pampers, Procter & Gamble has proven to be a reliable investment for income-seeking investors. The company’s stable cash flow and strong balance sheet make it a solid choice for those looking for defensive dividend stocks.
2. Johnson & Johnson (JNJ)
Johnson & Johnson is a leading healthcare company that has a long history of dividend payments and increases. With a wide range of products in the pharmaceutical, medical devices, and consumer health sectors, Johnson & Johnson has a strong competitive advantage in the industry. The company’s commitment to research and development ensures a steady stream of new products, while its diversified business model provides stability for investors.
3. Coca-Cola (KO)
Coca-Cola is a global beverage company known for its iconic brands like Coca-Cola, Sprite, and Fanta. The company has a long track record of paying dividends and has consistently increased its dividend payments over the years. Coca-Cola’s strong brand recognition and extensive distribution network make it a defensive play in the consumer goods sector. As people continue to consume beverages, Coca-Cola remains a reliable choice for investors seeking steady income.
These three defensive dividend stocks offer a combination of stability, income, and growth potential. Consider adding them to your portfolio for long-term success.