I'd Put $1,000 Into Each of These 3 Dividend Stocks and Lose the Password
On a $3,000 combined investment, these Dividend Kings would pay $79 in income over the next year.
Overview
Colgate-Palmolive (NYSE: CL), Procter & Gamble (NYSE: PG), and Coca-Cola (NYSE: KO) are three dividend stocks I'd be happy to put $1,000 into each and then forget about. I'm confident that leaders in toothpaste, laundry detergent, and soft drinks can keep paying me dividends for decades.
Their dividend histories support a buy-and-forget approach. All three are Dividend Kings -- companies that have raised their dividends for at least 50 consecutive years. As of Sept. 25, they yield about 2.4% to 3%, reflecting the staying power of their brands and their ability to hold up through just about any economic backdrop.
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Originally published at www.fool.com.