Four Stocks that Can Increase Dividend Income (NYSE:JNJ),(NYSE:PG),(NYSE:KO),(NYSE:CL)
Are you looking to build income from dividends? Dividend investing is different than traditional investing in that you are interested primarily generating your profit off of the dividends the stocks are throwing off rather than necessarily looking for stock price appreciation. Assuming a company does not lower its dividend, your investment in dividend producing stocks would be steady and regular regardless of the stock price fluctuations.
The Dividend Growth Investor brings us four solid dividend stocks today. Johnson & Johnson (NYSE:JNJ) is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. Johnson & Johnson owns more than 250 operating companies under 3 segments – Consumer, Pharmaceutical as well as Medical Devices and Diagnostics. Johnson & Johnson has increased its dividend for forty-seven consecutive years. This dividend aristocrat has a ten year distribution growth rate of 13.30% per year. Yield: 3.60%
The Procter & Gamble Company (NYSE:PG) is focused on providing branded consumer packaged goods. The Company’s products are sold in over 180 countries worldwide primarily through mass merchandisers, grocery stores, membership club stores, drug stores and in high-frequency stores, the neighborhood stores, which serve consumers in developing markets. The Company was organized into three Global Business Units: Beauty; Health and Well-Being, and Household Care. Procter & Gamble has increased its dividend for fifty-three consecutive years. This dividend aristocrat has a ten year dividend growth rate of 10.70% per year. Yield: 3.10%
The Coca-Cola Company (NYSE:KO) manufactures, distributes, and markets nonalcoholic beverage concentrates and syrups worldwide. Coca Cola has increased dividends for 48 consecutive years. This dividend aristocrat has a ten year distribution growth rate of 10.00% per year. Yield: 3.30%
Colgate-Palmolive Company (NYSE:CL), together with its subsidiaries, manufactures and markets consumer products worldwide. This dividend champion has rewarded shareholders with dividend raises for 47 years in a row. The company has a ten year dividend growth rate of 12.90%. Yield: 2.70%.
More on dividends for these stocks and additional analysis here.