If you have $500 to invest in dividend growth stocks, consider these smart options. Dividend growth stocks are a great way to build wealth over time while also receiving a steady stream of income. Here are some top picks to consider:
1. Johnson & Johnson (NYSE: JNJ) – With a long history of increasing dividends and a strong track record of growth, Johnson & Johnson is a solid choice for dividend investors.
2. Procter & Gamble (NYSE: PG) – Procter & Gamble is another reliable dividend growth stock, with a diverse portfolio of consumer goods that have a steady demand.
3. Coca-Cola (NYSE: KO) – Coca-Cola is a household name with a long history of paying and increasing dividends, making it a safe bet for investors looking for steady income.
4. Microsoft (NASDAQ: MSFT) – Microsoft has shown impressive growth in recent years, making it a great option for dividend investors looking for both income and capital appreciation.
5. PepsiCo (NASDAQ: PEP) – PepsiCo is another strong dividend growth stock, with a portfolio of popular brands and a history of increasing dividends.
By investing in these smart dividend growth stocks, you can build a diversified portfolio that will provide you with a steady stream of income while also benefiting from potential capital appreciation. Remember to do your own research and consult with a financial advisor before making any investment decisions.