TipRanks Picks Three Dividend Aristocrats for Steady Cash Flow
Investors seeking steady dividend payments can consider Johnson & Johnson (JNJ), Chevron (CVX), and Coca-Cola (KO) according to TipRanks' Dividend Aristocrat tool. These three stocks are rated Strong Buys by analysts covering them, with a consensus rating from multiple Wall Street analysts.
Chevron leads the group in terms of yield at 3.33%, but Coca-Cola offers the biggest upside of about 10%. The companies are considered among the best choices for investors seeking regular income due to their long history of annual dividend increases.
Johnson & Johnson, a global pharmaceutical giant, has a dividend payout ratio of 61.20% and paid $1.34 per share in its last dividend issuance with a yield of 1.95%. Chevron's dividend payout ratio is 67.59%, and it paid $1.78 per share in its last dividend with a yield of 3.33%. Coca-Cola has a dividend payout ratio of 63.27% and paid 53 cents per share in its last dividend issuance with a yield of 2.38%.