Dividend Stocks That Can Help You Become a Millionaire

Core Viewpoint - Companies that consistently raise dividends can lead to significant wealth accumulation over time, emphasizing the importance of patience and consistency in stock selection [1][2]. Group 1: Dividend Growth Stocks - Dividend growth stocks have historically outperformed other stock types over the long term, making them a valuable addition to a diversified portfolio [2]. - Five blue-chip dividend stocks with a strong track record of consistent dividend growth are highlighted as potential wealth-building investments [2]. Group 2: Microsoft - Microsoft has raised its dividend for 23 consecutive years, showcasing its commitment to returning value to shareholders while investing in innovation [3][4]. - The company has a market capitalization of $3,849 billion and a current price of $517.81, with a dividend yield of 0.01% [5]. Group 3: McDonald's - McDonald's has raised its dividend for 49 consecutive years, benefiting from a global presence with over 44,000 locations [6][7]. - The company generates steady revenue from royalties and fees, positioning it for continued growth amid a rising global population [7]. Group 4: Automatic Data Processing (ADP) - ADP has a 50-year streak of dividend growth, indicating strong management capable of navigating market challenges [8][9]. - The company has a market capitalization of $105 billion and a current price of $260.30, with a dividend yield of 0.02% [9]. Group 5: Sherwin-Williams - Sherwin-Williams has raised its dividend for 46 consecutive years, with a modest payout ratio of 28% of 2025 earnings estimates [10][11]. - The company is positioned to benefit from ongoing demand for paint and coatings, ensuring its relevance in the market [11]. Group 6: Walmart - Walmart has over five decades of uninterrupted annual dividend increases, with a current market capitalization of $807 billion and a price of $101.25 [12][13][14]. - The company maintains a dividend payout ratio below 40% of 2025 earnings estimates, reinforcing its status as a reliable dividend stock [14].