Investing in dividend stocks is a popular strategy for those looking to generate passive income and build wealth over time. As we step into 2024, here are the top five dividend stocks you should consider adding to your portfolio:
1. Johnson & Johnson (JNJ)
Johnson & Johnson, a global leader in the healthcare sector, has a robust history of dividend payments. The company has increased its dividend for 60 consecutive years, making it a Dividend King. With a current yield of around 2.8% and a diverse product line, JNJ remains a solid pick for 2024.
2. Procter & Gamble (PG)
Procter & Gamble is another Dividend King with 67 years of consecutive dividend increases. The company’s strong brand portfolio, including household names like Tide and Gillette, ensures consistent revenue streams. With a yield of approximately 2.4%, PG is a reliable choice for dividend investors.
3. Coca-Cola (KO)
Coca-Cola, a beverage giant, offers a dividend yield of about 3%. The company has been paying dividends since 1920 and has increased its payout for 61 consecutive years. Coca-Cola’s strong global presence and diversified product offerings make it a dependable dividend stock.
4. Realty Income (O)
Known as “The Monthly Dividend Company,” Realty Income is a real estate investment trust (REIT) that pays monthly dividends. With a yield around 4.5%, it is an attractive option for those seeking regular income. The company’s portfolio includes over 6,500 properties, providing a stable income stream.
5. AT&T (T)
AT&T offers a high dividend yield of around 7.5%, making it one of the top choices for income-focused investors. Despite challenges in the telecommunications industry, AT&T’s consistent dividend payments and efforts to reduce debt make it a stock worth watching in 2024.
