Every portfolio should hold at least a few dividend growth stocks. The problem is that it's not always easy to identify worthwhile contenders. To help, we asked three of our Foolish contributors to share income-generating stocks that might be worth picking up in June. Here's what they had to say...
With shares trading down slightly from where they stood this time one year ago, I think now is a great time for dividend-hungry investors to take a bite of Nestle (NASDAQOTH:NSRGY) stock. Dividend growth investing is all about buying strong businesses with solid earnings power that can drive dividends higher for several years to come. Granted, projecting future earnings isn't easy. But when you have a company with a solid track record and a long-term earnings goal, you can safely bet your money on it. Case in point: 3M (NYSE:MMM). Merck (NYSE:MRK) is perhaps rarely thought of as a prototypical "dividend growth stock."
Source: Motley Fool
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