3 Dividend Kings to Buy Hand Over Fist in 2023

Dividend Kings are stocks that have increased their dividends annually for at least 50 consecutive years. That's five full decades or more of annual dividend raises, and it is testimony to the resilience these companies have displayed over the years no matter how the economy fared.That's the kind of dividend stability many investors in stocks are seeking in today's uncertain macro environment, which is why it's a great time to look at some Dividend Kings to buy in 2023. Here are three that look hugely compelling and are surefire buys right now.

Stanley Black & Decker (SWK 2.06%) stock plunged 60% in 2022 as cost pressures on the company mounted even as rising interest rates and inflation hurt demand for its DIY tools that were otherwise a huge hit during the peak of the COVID-19 pandemic. Emerson Electric (EMR -1.31%) is one of the finest Dividend Kings in terms of its streak: 2022 was the 66th consecutive year of a dividend raise for Emerson shareholders. That dividend growth has contributed massively to the stock's total returns over the decades. Johnson & Johnson's (JNJ -0.39%) latest numbers didn't impress many. Its sales fell 4.4% year over year in the fourth quarter while full-year sales barely budged. Yet, even in a challenging year like 2022, the healthcare giant repurchased shares, increased its dividend for the 60th consecutive year, and invested more than $17 billion in growth including the acquisition of medical device technology company Abiomed.

Source: Motley Fool

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