Unstoppable Dividend Stocks: Procter & Gamble, McDonald's, and Coca-Cola Lead the Way
When building a long-term passive income stream through stocks, consistency is key. It's not about chasing high yields, but rather finding businesses that can grow and sustain their dividend payments over time.
The authors suggest three consumer-facing companies that fit this bill: Procter & Gamble (NYSE: PG), McDonald's (NYSE: MCD), and Coca-Cola (NYSE: KO).
Procter & Gamble, in particular, stands out for its impressive track record of 70 consecutive years of dividend increases and 136 years of paying a dividend. The company's portfolio of everyday essentials, such as Tide and Pampers, generates strong cash flows that can fund the dividend payments.
McDonald's is another consumer giant with a long history of raising its dividend payouts. Over the past five years, the company has grown its dividend at an average rate of 7-8% annually, supported by its digital ordering and delivery initiatives, which drive comparable sales higher.