Looking to build a 10-year plan for consistent passive income? Consider investing in dividend stocks. These stocks can provide you with a steady stream of income without requiring much effort on your part. Here are three dividend stocks to add to your portfolio for long-term growth.
1. Johnson & Johnson (JNJ): Johnson & Johnson is a well-established company that has a long history of paying dividends to its shareholders. The company operates in the healthcare sector, which tends to be less volatile than other industries. This stability can make Johnson & Johnson a reliable source of passive income for the next decade.
2. Coca-Cola (KO): Coca-Cola is another company that has a strong track record of paying dividends to its investors. The company is a leader in the beverage industry and has a global presence. This can help provide diversification to your portfolio and ensure a consistent income stream over the next 10 years.
3. Procter & Gamble (PG): Procter & Gamble is a consumer goods company that offers a wide range of products, from household items to personal care products. The company has a solid financial foundation and a history of increasing its dividends over time. Investing in Procter & Gamble can help you build a reliable source of passive income for the future.
By including these three dividend stocks in your portfolio, you can create a solid foundation for consistent passive income over the next 10 years. Remember to do your research and consult with a financial advisor to ensure that these investments align with your long-term financial goals.