3 Dividend Growth Stocks to Buy Now for a Lifetime of Passive Income – Yahoo! Voices

By DailyBubble On Oct 20, 2024 7 0

Are you looking to build a steady stream of passive income for a lifetime? Consider investing in dividend growth stocks. These stocks not only provide regular income through dividends but also have the potential to increase their payouts over time. Here are three dividend growth stocks to consider adding to your portfolio now:

1. Johnson & Johnson (NYSE: JNJ)
Johnson & Johnson is a well-known healthcare company that has a long history of increasing its dividend payouts. The company’s diverse portfolio of products, including pharmaceuticals, medical devices, and consumer health products, provides a stable foundation for continued growth. With a solid track record of dividend increases and a strong balance sheet, Johnson & Johnson is a reliable choice for long-term investors seeking passive income.

2. Procter & Gamble (NYSE: PG)
Procter & Gamble is a consumer goods giant with a strong presence in households around the world. The company has a proven track record of increasing its dividends year after year, making it a reliable choice for income investors. With a portfolio of well-known brands like Tide, Pampers, and Gillette, Procter & Gamble is well-positioned for continued growth and dividend increases in the future.

3. PepsiCo (NASDAQ: PEP)
PepsiCo is a leading global food and beverage company that has a history of rewarding shareholders with consistent dividend growth. The company’s diverse portfolio of brands, including Pepsi, Frito-Lay, and Quaker, provides a strong foundation for continued success. With a focus on innovation and expanding into healthier options, PepsiCo is well-positioned to continue growing its dividends for years to come.

Investing in dividend growth stocks like Johnson & Johnson, Procter & Gamble, and PepsiCo can provide you with a reliable source of passive income for a lifetime. By carefully selecting companies with a history of increasing dividends and strong fundamentals, you can build a portfolio that generates income while also growing your wealth over time. Consider adding these dividend growth stocks to your investment portfolio today.