Investors seeking to build a reliable source of passive income may want to consider adding dividend growth stocks to their portfolios. These types of stocks not only pay out dividends regularly, but also have a track record of increasing their dividend payouts over time. Here are six dividend growth stocks that could provide a lifetime of passive income:
1. Johnson & Johnson (JNJ): This healthcare giant has a strong history of increasing its dividend payout every year for over 50 years. With a diversified business model and a focus on innovation, Johnson & Johnson is a solid choice for investors looking for stability and growth in their dividend income.
2. Procter & Gamble (PG): Procter & Gamble is a consumer goods company that has been paying dividends for over a century. The company has a strong portfolio of well-known brands and a commitment to returning value to shareholders through dividend increases. With a focus on innovation and market leadership, Procter & Gamble is a reliable choice for passive income investors.
3. Coca-Cola (KO): Coca-Cola is a global beverage company that has been paying dividends for over 50 years. The company’s strong brand recognition and global distribution network make it a stable choice for investors seeking long-term passive income. With a commitment to increasing dividends year after year, Coca-Cola is a solid choice for income-focused investors.
4. Microsoft (MSFT): Microsoft is a technology company that has been steadily increasing its dividend payout over the years. With a focus on innovation and growth in cloud computing and other sectors, Microsoft is well-positioned to continue increasing its dividend in the future. For investors seeking exposure to the tech sector with a reliable source of passive income, Microsoft is a strong choice.
5. Visa (V): Visa is a leading payment processing company that has been increasing its dividend payout consistently since going public. With a strong market position and a growing global economy, Visa is well-positioned to continue increasing its dividend in the future. For investors looking for exposure to the financial sector with a focus on income generation, Visa is a solid choice.
6. Realty Income (O): Realty Income is a real estate investment trust (REIT) that specializes in retail properties. The company has a strong track record of increasing its dividend payout every year for over two decades. With a focus on stable rental income and a diversified portfolio of properties, Realty Income is a reliable choice for investors seeking passive income from real estate investments.
Overall, these six dividend growth stocks offer investors the opportunity to build a reliable source of passive income over the long term. By focusing on companies with a history of increasing their dividend payouts, investors can create a diversified portfolio that generates income while also offering the potential for capital appreciation.