Here Are 20 Dividend Stocks to Diversify Your Portfolio
As an investor, you probably know how important it is to diversify your portfolio. Investing in different industries and companies helps you mitigate risks and improve your chances of making higher returns. One of the best ways to do this is by investing in dividend stocks. These stocks provide you with a steady flow of income, while also allowing you to reinvest the earnings to grow your portfolio. In this blog post, we will look at the top 20 dividend stocks you can consider adding to your portfolio.
Procter & Gamble (PG) – This consumer goods company is a dividend aristocrat, having increased its dividends for 64 consecutive years. It currently pays a 2.48% dividend yield.
Coca-Cola (KO) – One of the most popular beverage companies in the world, Coca-Cola has a long track record of increasing dividends. It currently pays a dividend yield of 3.19%.
Altria Group (MO) – The tobacco giant has a high dividend yield of 7.31%, making it a popular choice among income investors.
Lowe’s (LOW) – The home improvement company has been increasing dividends for 58 consecutive years. It currently pays a 1.55% dividend yield.
American States Water (AWR) – This California-based utility company has been increasing its dividends for 66 consecutive years. It currently pays a 1.58% dividend yield.
Johnson & Johnson (JNJ) – One of the world’s largest healthcare companies, Johnson & Johnson has a long history of increasing dividends. It currently pays a 2.47% dividend yield.
Hormel Foods Corporation (HRL) – The food company has been consistently paying dividends for over 90 years. It currently pays a 2.03% dividend yield.
The Toro Company (TGRS) – This provider of turf and landscape maintenance equipment has been increasing dividends for 32 consecutive years. It currently pays a 1.05% dividend yield.
The Clorox Company (CL) – The consumer goods company has increased dividends for 44 consecutive years. It currently pays a 2.18% dividend yield.
Emerson Electric Co. (EMR) – This industrial automation and energy management company has been increasing dividends for over 60 years. It currently pays a 2.52% dividend yield.
PPG Industries (PPG) – The coatings and specialty products company is a dividend aristocrat, having increased dividends for 49 consecutive years. It currently pays a 1.43% dividend yield.
W.W. Grainger, Inc. (GWW) – The industrial supplies company has been increasing dividends for 49 consecutive years. It currently pays a 1.52% dividend yield.
Abbott Laboratories (ABT) – The healthcare company has been increasing dividends for 49 consecutive years. It currently pays a 1.28% dividend yield.
Stanley Black & Decker (SWK) – The industrial tools and household hardware company has increased dividends for 53 consecutive years. It currently pays a 1.69% dividend yield.
Service Corporation International (SCI) – The funeral services company has been increasing dividends for 18 consecutive years. It currently pays a 1.94% dividend yield.
ABM Industries (ABM) – The facility management company has been increasing dividends for 52 consecutive years. It currently pays a 1.60% dividend yield.
PepsiCo (PEP) – The beverage and snack company has increased dividends for 48 consecutive years. It currently pays a 2.89% dividend yield.
Nucor Corporation (NUE) – The steel and steel products company has been increasing dividends for 49 consecutive years. It currently pays a 2.77% dividend yield.
3M Company (MM) – The technology and healthcare company has increased its dividends for 63 consecutive years. It currently pays a 3.35% dividend yield.
Kimberly-Clark Corporation (KMB) – The personal care products company has been increasing dividends for 49 consecutive years. It currently pays a 3.68% dividend yield.
Investing in dividend stocks is a great way to generate passive income and diversify your portfolio. It’s important to do your due diligence and research the companies you want to invest in. By using this list of dividend stocks, you can get started on building a robust portfolio with companies that have a proven track record of increasing dividends. Remember to always do your own research, diversify your investments, and invest for the long-term.
