Three Dividend Stocks to Ride Out Market Storms
Three dividend-paying companies stand out for their long-term potential: Johnson & Johnson (NYSE: JNJ), Coca-Cola (NYSE: KO), and Walmart (NASDAQ: WMT). Each has a proven track record of increasing dividends, with Johnson & Johnson boasting 50 consecutive annual payout increases and Coca-Cola matching that streak. Walmart's dividend growth is just as impressive, with 53 straight years of higher payouts.
Johnson & Johnson's recent second-quarter results showed a 6.6% year-over-year increase in net sales to $25.3 billion, with the company raising its full-fiscal-year guidance. The company continues to launch new products and has earned approval for Icotyde, an important milestone in treating moderate-to-severe plaque psoriasis.
Coca-Cola's shares jumped after its excellent second-quarter results, with net revenue growing 7% year over year to $13.4 billion and adjusted earnings per share increasing 11%. The company's brand name, portfolio of beverages, and innovative capabilities make it a solid choice for long-term investors.