2024-02-17 09:51:00 ET
In the past 12 months, at least two prominent dividend stocks decreased their payouts. Last year, it was Medical Properties Trust , a healthcare-focused real estate investment trust, while pharmacy chain giant Walgreens Boots Alliance started 2024 with a similar move.
These dividend cuts highlight the importance of finding stocks whose businesses are strong enough to support dividend increases even in challenging times. Fortunately, such stocks exist: Johnson & Johnson (NYSE: JNJ) , Apple (NASDAQ: AAPL) , and Visa (NYSE: V) are three great examples.
As far as dividend track records go, it's hard to find many more impressive than Johnson & Johnson's. The company is on its 61st consecutive year of payout increases and the stock currently yields about 3%. That demonstrates a resilient and innovative business that can navigate challenging conditions, economic and otherwise, while constantly delivering strong financial results. And we can expect more of the same from Johnson & Johnson for many more years as the drugmaker's lineup features more than a dozen blockbusters .
For further details see:
3 Unstoppable Dividend Stocks That Could Pay You for Life