As inflation concerns rise, investors may be looking for dividend stocks that can provide stability and income. Here are two good dividend stocks to consider adding to your portfolio in case inflation returns.
1. Johnson & Johnson (JNJ)
Johnson & Johnson is a well-known healthcare company that has a strong track record of paying dividends. With a diversified product portfolio that includes pharmaceuticals, medical devices, and consumer health products, Johnson & Johnson has a stable revenue stream that can weather inflationary pressures. The company has also consistently increased its dividend over the years, making it a reliable choice for income investors.
2. Procter & Gamble (PG)
Procter & Gamble is another solid dividend stock to consider in uncertain economic times. As a consumer goods company with a wide range of household products, Procter & Gamble has a strong brand presence that can help protect its revenue during inflationary periods. The company has a long history of paying dividends and has a track record of increasing its dividend payouts. With a focus on innovation and cost management, Procter & Gamble is well-positioned to continue delivering value to shareholders.
Both Johnson & Johnson and Procter & Gamble are established companies with strong fundamentals and a commitment to returning value to shareholders through dividends. Consider adding these dividend stocks to your portfolio to help protect against the impact of inflation.