Dividend Stocks: Coca-Cola, P&G Top Picks for Inflation-Proof Income
Investors looking for consistent cash flow and inflation protection are turning to dividend stocks. Coca-Cola and Procter & Gamble, with their steady sales and dividend growth, are among the top choices.
Coca-Cola's sales reached $47 billion in 2022, growing at a consistent 3% year-over-year. Procter & Gamble's sales have remained stable between $80 billion and $84 billion over the past four years. Both companies have increased their dividends for over six decades, with Coca-Cola yielding 3.1% and Procter & Gamble offering 2.7%.
Other notable dividend growth stocks include Johnson & Johnson, which has raised its dividends for 63 years and yields nearly 3%, and Coca-Cola, which also boasts 63 years of dividend increases. Münchener Rück, Lockheed Martin, and Badger Meter, with their impressive dividend growth histories, are also attractive options.
Dividend growth stocks like Coca-Cola and Procter & Gamble provide recurring income and help maintain purchasing power over time. With inflation at 3% over 10 years reducing the value of $1,000 in dividends to $744, and further to $554 over 20 years, focusing on dividend growth is crucial for long-term investors.
