2023-04-05 08:00:00 ET
Dividend Kings have excellent track records -- 50 years straight, in fact -- for increasing their payouts. While dividend increases are never a guarantee, they are virtually a lock with these types of stocks.
Two companies in this elite group that investors should watch out for this month are Johnson & Johnson (NYSE: JNJ) and Procter & Gamble (NYSE: PG) . Both could be due to raise their payouts in the coming weeks. Here's what their new yields could look like and why these are solid stocks to buy and hold.
Healthcare giant Johnson & Johnson is spinning off its consumer health business this year as it looks to become leaner and focus on its pharmaceutical and medical device segments. By doing so, the business should become a better overall investment.
For further details see:
2 Dividend Kings That Are Likely to Raise Their Payouts This Month