5 US Dividend Stocks to Watch in 2023

In the ever-evolving landscape of the stock market, dividend stocks have long been a favorite among investors seeking steady income and long-term growth. A "5 US dividend stock" strategy involves investing in a portfolio of five high-dividend-paying companies within the United States. This approach not only provides a diversified income stream but also offers the potential for capital appreciation. In this article, we will explore five US dividend stocks that investors should consider adding to their portfolios in 2023.

1. Johnson & Johnson (JNJ)

Johnson & Johnson is a well-established healthcare company that has been paying dividends for over a century. The company's diverse product portfolio includes consumer healthcare, pharmaceuticals, and medical devices. JNJ has a strong track record of increasing its dividend annually, making it a reliable income source for investors. With a current yield of around 3.5%, JNJ offers a combination of stability and growth potential.

2. Procter & Gamble (PG)

Procter & Gamble is another dividend giant with a long history of paying dividends. The company produces a wide range of consumer goods, including detergents, personal care products, and healthcare products. PG has a current dividend yield of approximately 3.1% and has increased its dividend for 66 consecutive years. This consistency makes PG an attractive option for income-seeking investors.

3. Microsoft (MSFT)

Microsoft has transformed itself from a software company to a global leader in cloud computing and technology services. The company's cloud services division, Azure, has been a significant driver of growth in recent years. MSFT has a current dividend yield of around 1.7%, but it has a strong history of increasing its dividend annually. With a market capitalization of over $2 trillion, MSFT offers both stability and growth potential.

4. Visa (V)

Visa is a financial services company that operates the world's largest retail electronic payments network. The company's revenue growth has been driven by the increasing adoption of digital payments and the expansion of its global footprint. V has a current dividend yield of approximately 1.2% and has increased its dividend for 20 consecutive years. As the digital payment revolution continues to gain momentum, V offers a promising investment opportunity.

5. Coca-Cola (KO)

Coca-Cola is a household name in the beverage industry, with a diverse portfolio of brands, including Coke, Diet Coke, and Sprite. The company has been paying dividends for over a century and has increased its dividend for 59 consecutive years. With a current dividend yield of around 2.7%, KO offers a steady income stream and has the potential for long-term growth.

Conclusion

Investing in a portfolio of five US dividend stocks can provide investors with a diversified income stream and potential for long-term growth. The companies mentioned in this article have a strong track record of increasing their dividends and offer a combination of stability and growth potential. As always, it is important for investors to conduct their own research and consult with a financial advisor before making any investment decisions.

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