All It Takes Is $15,000 Invested in Each of These 3 Dow Jones Dividend Stocks to Help Generate Over $1,000 in Passive Income Per Year

Core Viewpoint - The article highlights three established companies—Coca-Cola, Procter & Gamble, and Sherwin-Williams—as reliable dividend stocks that can enhance passive income for investors, especially in the current market environment [2][20]. Coca-Cola - Coca-Cola has a strong history of dividend payments, having raised its dividend for 63 consecutive years, earning it the title of Dividend King [8]. - The company is currently experiencing solid organic growth and is diversifying its product lineup towards healthier options, such as Coca-Cola Zero Sugar and Diet Coke [7]. - Coca-Cola's stock is trading at a price-to-earnings (P/E) ratio of 23.6, below its 10-year median P/E of 27.7, and offers a dividend yield of 3.1% [8]. Procter & Gamble - Procter & Gamble is facing challenges due to inflation and cost-of-living pressures affecting consumers, which has led to its stock hovering around a 52-week low [9][10]. - The company has announced a restructuring plan that includes cutting 7,000 jobs and exiting certain brands and markets [10]. - P&G has a P/E ratio of 23.4 and a forward P/E of 21.8, with a dividend yield of 2.8%, making it appealing for risk-averse investors [14]. Sherwin-Williams - Sherwin-Williams has underperformed major indexes this year due to high interest rates impacting its end markets, but it has a strong history of dividend increases, with 46 consecutive years of raises [15][17]. - The company has a solid business model, selling products through various channels, and has seen its stock price increase by 352% over the last decade [17][18]. - Sherwin-Williams is considered a good buy for long-term investors, despite its current dividend yield of only 0.9% [17][18]. Investment Appeal - All three companies are characterized by their ability to pay growing and reliable dividends, making them suitable for investors looking for non-tech-focused investment opportunities [20]. - Coca-Cola and Procter & Gamble are currently trading at discounted valuations compared to their historical averages, while Sherwin-Williams is in line with its 10-year median valuation [20].