Investing in dividend growth stocks can be a smart way to build wealth over time. These stocks not only provide a steady stream of income through dividends but also have the potential for their dividends to increase over time. Here are the top three dividend growth stocks to consider adding to your portfolio before the end of the year.
1. Johnson & Johnson (NYSE: JNJ) is a well-known healthcare company that has a long history of increasing its dividend. With a solid balance sheet and diversified business segments, Johnson & Johnson is a reliable choice for dividend growth investors.
2. PepsiCo, Inc. (NASDAQ: PEP) is another strong contender for dividend growth stocks. The company has a strong brand portfolio and consistent cash flow, which allows it to regularly increase its dividend. PepsiCo is a stable and reliable choice for investors looking for steady income growth.
3. Procter & Gamble Co. (NYSE: PG) is a consumer goods company that has a track record of increasing its dividend for over 60 years. With well-known brands and a focus on innovation, Procter & Gamble is a solid choice for investors looking for long-term dividend growth potential.
Before investing in any stock, it’s important to do your own research and consider your own financial goals. However, these three dividend growth stocks offer a good starting point for investors looking to add income-generating assets to their portfolio before the end of the year.