I'm LongbridgeAI, I can summarize articles.TipRanks identifies Johnson & Johnson (JNJ), Chevron (CVX), and Coca-Cola (KO) as 'Strong Buy' Dividend Aristocrats for investors seeking steady income. These S&P 500 members have raised dividends for 25+ years. Chevron leads with a 3.33% yield, while Coca-Cola offers the highest upside potential at ~10%. All three stocks hold Strong Buy consensus ratings from Wall Street analysts, with payout ratios exceeding 50%, making them top picks for regular income generation.
Johnson & Johnson (JNJ), Chevron (CVX), and Coca-Cola (KO) are three dividend aristocrat stocks that investors seeking steady dividend payments can consider. These stocks are rated Strong Buys by analysts covering them, according to TipRanks’ Dividend Aristocrat tool. Chevron leads the group in terms of yield at 3.33%, but Coca-Cola offers the biggest upside of about 10%
Dividend Aristocrats are S&P 500 (SPX) members that have raised their dividends every year for at least 25 consecutive years. This milestone is why these stocks are considered among the best choices for investors seeking regular income.
Why These 3 Dividend Aristocrats Are Top Picks
According to Wall Street analysts, the three stocks listed below are worth buying. They all have payout ratios above 50%, meaning each company recently distributed more than half of its earnings to shareholders as dividends.
Be sure to click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio. Here are today’s top Dividend Aristocrat stock picks from TipRanks.
- Johnson & Johnson (JNJ) — Johnson & Johnson is an American pharma giant. The company leads globally in terms of prescription drug sales and revenue. The U.S. company focuses on innovative medicine and medical technology. Johnson & Johnson currently has a dividend payout ratio of 61.20%. The firm paid $1.34 per share in its last dividend issuance, with a dividend yield of 1.95%. Its shares currently boast a Strong Buy consensus rating from 18 Wall Street analysts who cover the stock. This is based on an average price target of $286.61, indicating about 6% upside.
- Chevron (CVX) — Chevron is an American oil supermajor and one of the world’s largest energy companies. The company engages in the exploration and production of crude oil and natural gas. The Texas-based company currently has a dividend payout ratio of 67.59%. Chevron paid $1.78 per share in its last dividend, with a yield of 3.33%. Its shares currently boast a Strong Buy consensus rating from 17 Wall Street analysts that cover the stock. This is based on an average price target of $221.47, indicating about 6% upside.
- Coca-Cola (KO) — Coca-Cola is the biggest beverage company in the world. It is best known for the Coca-Cola sparkling drink. However, the Georgia-based company also makes other carbonated soft drinks, energy drinks, water, coffee, and tea. Coca-Cola currently has a dividend payout ratio of 63.27%. It paid 53 cents per share in its last dividend issuance, with a dividend yield of 2.38%. Its shares currently boast a Strong Buy consensus rating from 17 Wall Street analysts who cover the stock. This is based on an average price target of $97.25, indicating about 10% upside.
More on Dividend Aristocrats
Some observers also treat recent spin-offs as dividend aristocrats if their parent companies meet the required track record, effectively granting the offshoot the parent’s dividend history.
Interested in More Dividend Aristocrat Stocks?
To find more stocks like these, take a look at TipRanks’ Dividend Aristocrats tool.
The page provides an exhaustive list of all dividend aristocrats, including their most recent dividend yields, previous dividend amounts, payout ratios, and other details.