Looking to invest $600 in dividend growth stocks that you can hold onto forever? Here are three industrial companies worth considering.
1. 3M (NYSE: MMM)
3M is a diversified technology company that operates in various sectors, including industrial, healthcare, and safety. With a strong track record of increasing dividends for over 60 years, 3M is a reliable choice for long-term investors. The company’s innovative products and global presence make it a solid investment for those looking for stable dividend growth.
2. Caterpillar Inc. (NYSE: CAT)
Caterpillar is a leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company has a history of paying consistent dividends and has increased its dividend for the past 27 consecutive years. Caterpillar’s strong brand and global footprint position it well for future growth.
3. Honeywell International Inc. (NYSE: HON)
Honeywell is a diversified technology and manufacturing company that operates in sectors such as aerospace, building technologies, performance materials, and safety products. The company has a solid track record of increasing dividends for over a decade and has a strong position in its markets. Honeywell’s focus on innovation and efficiency make it a compelling choice for investors seeking long-term dividend growth.
By investing in these industrial dividend growth stocks, you can build a portfolio that provides stable income and potential for long-term growth. Remember to do your own research and consult with a financial advisor before making any investment decisions.