Keep in mind that there is always risk in investing in the stock market. However, these types of companies can also provide a decent yield relative to CDs and savings accounts while providing consistent income boosts in the process. This is in addition to the potential capital gains these companies provide. Let’s a take look at five rock solid dividend companies that regularly boost their dividends.
3M Company (NYSE: MMM) operates as a conglomerate with businesses in the health care sector, industrial, energy, consumer, and technological sectors. Johnson & Johnson (NYSE: JNJ) operates as a healthcare conglomerate. It’s most well-known for products such as Band-Aids, Listerine, and Tylenol. Johnson & Johnson also sells prescription products and medical devices. Hormel Foods (NYSE: HRL) sells edible items such as lunch meats and foods like Skippy peanut butter. W.W. Grainger (NYSE: GWW) distributes “maintenance, repair and operating” supplies. The company boosted its dividend for the 44th consecutive year in April. McCormick & Co. (NYSE: MKC) sells food enhancers such as spices, seasonings and gravy mixes.
Source: 24/7 Wall St.
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- 6 Companies With The Power of 5/15 Dividend Growth
- 9 High Rated, Lower Debt Dividend Stocks With A Reasonable Payout
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