Bank of America has recently released a list of stocks that it believes have secure dividends, making them attractive investments for income-focused investors. The list includes a variety of companies from different sectors, all of which have a track record of consistently paying dividends and strong financial health.
One of the stocks that Bank of America likes is Johnson & Johnson (JNJ), a multinational healthcare company known for its consumer health products, medical devices, and pharmaceuticals. JNJ has a long history of raising its dividend, with over 50 years of consecutive dividend increases. The company’s strong balance sheet and diversified business segments make it a reliable investment for those seeking steady income.
Another stock on Bank of America’s list is Procter & Gamble (PG), a consumer goods company that produces a wide range of products, including household and personal care items. PG has a solid track record of dividend growth and a strong market presence, making it a stable investment option for income-seeking investors.
Additionally, Bank of America recommends investing in Verizon Communications (VZ), a telecommunications company that provides wireless and wireline services to consumers and businesses. VZ has a long history of paying dividends and a strong cash flow, making it a reliable source of income for investors.
Other stocks on Bank of America’s list include Coca-Cola (KO), a beverage company with a global presence and a strong brand reputation, and Duke Energy (DUK), a utility company that provides electricity and natural gas services to customers in the United States.
Overall, Bank of America’s list of stocks with secure dividends offers investors a diverse range of options for generating income. By investing in companies with a history of dividend growth and strong financial health, investors can build a portfolio that provides steady and reliable income over the long term.