Concerns about overvalued stocks and volatility in the market abound. One cure for those worries is investing in Dividend Kings, a select group of stocks that have raised their dividends for 50 years or more. These companies have the ability to grow dividends and earnings in the long run despite wars, recessions, and other massive market hits. They are practically the definition of "safe" stocks.
Three that I particularly like are Johnson & Johnson (NYSE: JNJ) , Emerson Electric (NYSE: EMR) , and Black Hills Corporation (NYSE: BKH) . You're probably familiar with Johnson & Johnson, one of the world's largest Dividend Kings. Emerson Electric and Black Hills Corporation are not exactly household names, but like Johnson & Johnson, they offer dividend yields of 2% or higher, above that of the typical S&P 500 stock, with safe payout ratios.
The share prices for Johnson & Johnson and Emerson Electric are up more than 9% and 15% respectively over the past year, while Black Hills is down more than 28% over the same period. But those data points have little to do with why these stocks are good buys. These are long-term picks that can provide you with consistent income.
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Like Dividends? I Bet You'll Love These 3 Stocks