Dividends4Life: 2 Top Dividend Stocks to Buy Now

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2 Top Dividend Stocks to Buy Now

Posted by D4L | Monday, January 01, 2024 | | 0 comments »

Which dividend stocks should you choose? Well, whether you're a dividend aficionado or you're new to this amazing world of passive income, consider the list of Dividend Kings. These are companies that have lifted their dividend payments for more than 50 straight years, showing dividend growth is important to them -- and that suggests they're likely to continue along this path. Let's check out two top Dividend Kings to buy now.

Everyone knows Coca-Cola (KO) for its eponymous beverage and even some of its many other brands, such as Dasani water or Minute Maid juices. But investors have taken notice of this company because of its reputation as a dividend giant. Coca-Cola pays a dividend of $1.84 per share, representing a dividend yield of 3.14% -- that's higher than the S&P 500's yield of 1.62%. Johnson & Johnson (JNJ), like Coca-Cola, has the resources to keep rolling along the dividend growth path. The company generates $15 billion in free cash flow and recently reiterated that dividend growth remains one of its priorities. J&J pays a dividend of $4.76 per share, representing a yield of 3.08%.

Source: Motley Fool

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