Abbott-2 Dividend Kings to Buy for a Lifetime of Passive Income

Group 1: Dividend Kings Overview - Dividend Kings are companies that have raised their dividends for 50 consecutive years, indicating strong business resilience and the ability to navigate economic challenges [1] - The list of Dividend Kings serves as a valuable resource for investors seeking reliable income stocks [2] Group 2: Coca-Cola - Coca-Cola is a globally recognized brand with a diverse portfolio of beverage products, including soft drinks, alcoholic beverages, and juices [3][4] - The company has maintained its status as a Dividend King for 62 years, although it has faced challenges in growth, with a 1% year-over-year revenue decline to $11.9 billion in Q3 [5] - Despite a slight 1% decrease in unit volume, Coca-Cola's brand strength has allowed it to maintain sales, even amid inflation [6] - The company has adapted to health trends by offering low-sugar options and currently provides a forward yield of 3.10%, significantly higher than the S&P 500 average of 1.32% [7] Group 3: Abbott Laboratories - Abbott Laboratories is a leader in medical devices and has a diverse business model that includes nutrition, pharmaceuticals, and diagnostics [8] - The company has shown resilience, with Q3 sales increasing by 4.9% year-over-year to$ 10.6 billion, and an adjusted EPS of $1.21, up about 6% [10] - Abbott's stability is attributed to its deep industry experience and strong reputation among healthcare professionals, supported by numerous patents [11] - The company has growth opportunities in diabetes care, particularly through its FreeStyle Libre continuous glucose monitoring system [12] - Abbott has a streak of 52 consecutive annual dividend increases and offers a forward yield of 1.88%, which is above the S&P 500 average [13]