Investors looking for reliable income should consider investing in dividend growth stocks that have a history of increasing their payouts over time. Here are three top picks that you can buy and hold onto for the long term.
1. Johnson & Johnson (JNJ)
Johnson & Johnson is a well-known healthcare company that has consistently increased its dividend for over 50 years. With a strong track record of innovation and a diversified product portfolio, JNJ is a solid choice for income investors.
2. Procter & Gamble (PG)
Procter & Gamble is a consumer goods giant that has been paying dividends for over a century. The company has a long history of increasing its payouts and has a wide moat in the consumer staples sector, making it a reliable choice for dividend growth.
3. Microsoft Corporation (MSFT)
Microsoft is a tech powerhouse that has been rapidly growing its dividend in recent years. With a strong balance sheet and a dominant position in the software industry, Microsoft is a great option for investors looking for both growth and income.
Overall, these three dividend growth stocks offer a combination of stability and growth potential that make them great long-term investments. Consider adding them to your portfolio and never selling for a reliable stream of income.