Dividend stocks present an opportunity to build passive income and benefit from potential market growth. This article highlights three dividend stocks considered strong investment choices for 2023.

Leading the list is Johnson & Johnson (NYSE:JNJ), a major player in the healthcare sector with a proven record of dividend increases. For over five decades, Johnson & Johnson has consistently raised its dividend, earning it the title of Dividend King. Its diverse business, spanning pharmaceuticals, medical devices, and consumer health, ensures a reliable income stream, which supports continuous dividend payouts.

Next is Procter & Gamble (NYSE:PG), a top consumer goods company recognized for its powerful brands. Procter & Gamble has a long history of rewarding shareholders, with 65 years of consecutive dividend growth. The company’s dedication to innovation and its significant global presence keep its products in demand, which in turn supports ongoing dividend distributions.

Lastly, Coca-Cola (NYSE:KO), a global leader in the beverage industry, is worth considering. Coca-Cola’s powerful brand and extensive distribution network contribute to consistent cash flow, enabling the company to maintain and increase its dividend over time. Its dividend yield is attractive to investors focused on income, making Coca-Cola a compelling option among dividend stocks.

These three companies provide attractive dividend yields and demonstrate the financial health and stability necessary to continue rewarding shareholders. Investors with $2,000 available may find significant value in adding these stocks to their portfolios, potentially gaining both income and capital appreciation.

Footnotes:

• Johnson & Johnson has increased its dividend annually for more than 50 years. .
• Procter & Gamble has a 65-year history of raising its dividend each year. .
• Coca-Cola’s dividend yield is consistently attractive to investors seeking income. .

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