It's important to do your homework to ensure that the companies you invest in have the ability and willingness to pay dividends. Two great dividend stocks to take a look at are Procter & Gamble (NYSE: PG) and Target (NYSE: TGT). Both have raised dividends annually for at least half a century, making them Dividend Kings.
When it comes to smart investing choices, it's hard to go wrong with dividend stocks. Thanks to the power of compounding returns, plus the benefit of reinvesting those dividend payments, it doesn't take a huge initial investment to accumulate significant income over many years. With that goal in mind, let's look at how you might put a few hundred dollars to work in Coca-Cola (NYSE: KO) and Procter & Gamble (NYSE: PG) stocks.
In the latest trading session, Procter & Gamble (PG) closed at $145.86, marking a -0.33% move from the previous day.