Discover three dividend stocks that can provide steady passive income and growth potential for investors.
When you think about dividend stocks, you want ones that not only pay out but also have a history of increasing those payouts. That’s where the Dividend Aristocrats come into play.
Walmart, Kimberly Clark, and Altria are three solid picks that fit the bill. Let’s break them down a bit.
Walmart has been on fire lately, with shares jumping 70% over the past year. Strong quarterly results have really boosted their earnings outlook, and they’re expected to grow by 12% this year. Even though the stock’s performance has pushed down the annual dividend yield, they’ve still managed a 3% growth rate over five years.
Now, Kimberly Clark hasn’t been as hot, only gaining 6% in the last year. But don’t let that fool you; it’s a defensive stock that pays out solid dividends. They’ve been growing their dividend by about 2.9% annually, and right now, you’re looking at a 3.9% yield, which is pretty good compared to the S&P 500.
Then there’s Altria, a favorite for those who love income. With a current yield of 8%, it’s hard to ignore. They’re also expected to grow earnings by 4% this year, and their five-year dividend growth rate is 4.3%.
In short, if you’re after reliable dividends, Walmart, Kimberly Clark, and Altria are definitely worth considering. They all have a track record of steady payouts, making them great options for anyone looking to boost their income.
