Many investors search for safe, dividend-paying stocks. As John D. Rockefeller once said: "Do you know the only thing that gives me pleasure? It's to see my dividends coming in." This is particularly compelling while we are in a recession with so much uncertainty created by the coronavirus. Under these circumstances, there's comfort in companies that you can buy and hold for a very long time. Below are two such stocks that you can put away and watch your dividends accumulate...
Walmart (NYSE:WMT) has raised its dividend annually since initiating a payment in 1974. That makes it a Dividend Aristocrat, and in a few years it should become a Dividend King (an elite group of S&P 500 companies that have increased dividends for 50 straight years). Procter & Gamble (NYSE:PG), which has raised its payout every year since 1957, is a Dividend King. It has paid a dividend since 1890. Clearly, it will take a lot for the company to cut its payment. Even the challenges brought on by COVID-19 couldn't prevent Procter & Gamble from raising its payout, with the board of directors boosting its quarterly dividend from $0.746 to $0.791. This currently offers investors a 2.3% yield.
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