Home Depot-Want Decades of Passive Income? Here Are 2 Unstoppable Dividend Stocks to Buy Now.

Core Insights - Companies like Coca-Cola and Home Depot are highlighted as elite dividend payers with strong growth potential despite economic challenges [1] Group 1: Coca-Cola - Coca-Cola's stock has reached new highs in 2024, showing resilience despite economic softness in some regions [2] - The company reported a 15% year-over-year growth in adjusted revenue for Q2, with strong performance in India, Brazil, and the Philippines [2] - Management anticipates a 13% to 15% increase in adjusted earnings for 2024 on a constant-currency basis compared to 2023 [2] - Coca-Cola operates a capital-light business model, generating $10 billion in free cash flow from$ 46 billion in revenue, with 79% of free cash flow paid as dividends [3] - The company has a 62-year history of increasing dividends, placing it among the 53 "Dividend Kings" [3] - Current quarterly dividend payment is $0.485 per share, resulting in a dividend yield of 2.97%, above the S&P 500 average of 1.32% [3] Group 2: Home Depot - Home Depot's shares have risen this year despite economic headwinds, with potential benefits from future interest rate decreases [4] - Comparable sales declined by 2.8% year-over-year in the fiscal first quarter, with expectations of a 1% decline for the full year due to higher interest rates affecting customer spending [4] - The U.S. home improvement market is valued at$ 45 trillion, providing Home Depot with a $1 trillion addressable market [4] - The company aims to grow sales through professional contractors and expanding store locations, leveraging its large store sizes for a wider selection [5] - Home Depot has a 37-year history of increasing dividends, paying out 47% of its$ 17 billion in free cash flow over the last year [5] - Current quarterly dividend payment is $2.25 per share, resulting in a dividend yield of 2.47% [5]