Investing in dividend growth stocks can be a savvy strategy for both income and growth. Companies with a track record of increasing dividends provide not only a steady income stream but also the potential for capital appreciation. Here are three incredible dividend growth stocks to consider adding to your portfolio.
First on the list is Johnson & Johnson (NYSE:JNJ). Known for its strong financials and diversified business model, Johnson & Johnson has consistently raised its dividend for 59 consecutive years. This healthcare giant offers a blend of stability and growth, making it an attractive option for long-term investors.
Next is PepsiCo (NASDAQ:PEP), a global leader in the food and beverage industry. With 49 consecutive years of dividend increases, PepsiCo has proven its commitment to returning value to shareholders. The company’s diverse product portfolio and strong brand recognition provide a solid foundation for continued growth.
Finally, we have 3M (NYSE:MMM), a diversified technology and manufacturing company. 3M has a 63-year streak of annual dividend increases, reflecting its robust business model and consistent cash flow generation. The company’s innovation-driven approach ensures it remains competitive in various industries.
Investing in these dividend growth stocks can be a great way to build wealth over time while enjoying a reliable income stream. As always, it’s important to conduct your own research and consider your financial goals before making any investment decisions.
Footnotes:
- Johnson & Johnson has raised its dividend for 59 consecutive years. Source.
- PepsiCo has increased its dividend for 49 consecutive years. Source.
- 3M has a 63-year streak of annual dividend increases. Source.
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