Split $7,500 Evenly Across These 3 Dividend Stocks and Ignore Them Until 2046
Key PointsCoca-Cola has been one of the most reliable dividend stocks on the market, increasing its payouts for 64 consecutive years.
When it comes to investing in the stock market, there are no guarantees. However, there are certain companies that have such a strong track record that you can feel secure in investing in them and then not checking on their performance for a long time, if needed. For example, Costco Wholesale (COST), Coca-Cola (KO), and Walmart (WMT) would be on my list.
These companies are known as Dividend Kings because they have raised their dividends annually for at least 50 consecutive years. Costco Wholesale not only pays regular quarterly dividends but also offers the occasional large special dividend. Coca-Cola and Walmart are also reliable income stocks, in addition to being Dividend Kings. Although they are both valued for their stock price appreciation potential, they also provide a unique combination of companies to split a $7,500 investment budget evenly among them.
These three stocks have the potential to consistently increase the income generation of any portfolio over the next two decades and also serve as anchors during tough economic times.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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