It last projected growth of 2%-4% in sales and 6%-9% in EPS for fiscal year 2022, which could mean another big dividend increase next year. That pretty much sums up why you should invest in P&G. It raised its dividend by 10% in fiscal 2021, ended June 30, which was also its largest quarterly dividend increase in more than 10 years.

It has increased dividends in each of the past 65 years.It has paid a dividend for 131 consecutive years.E-commerce now accounts for nearly 14% of its total sales.It generated $76.1 billion in sales in 2020, with nearly half coming from outside North America.It has 10 broad product categories, with 65 brands.It sells products in more than 180 countries.Procter & Gamble ( PG -0.67% ) is one of the finest consumer companies out there. The company increased its payout by a whopping 32% in June and yields 1.5%, proving yet again what a dependable dividend stock it is despite its brick-and-mortar business in a world that's increasingly going online. Target ( TGT 0.87% ) joined the elite Dividend King group just months ago, after it raised its dividend for the 50th straight year. This Dividend King is becoming surprisingly hotter Here are five top Dividend Kings you can buy and now and hold for decades to not just earn regular income but grow your capital, too. Rest assured, these steady dividend-paying stocks are not only bankable at all times but can also be massive wealth-builders, so you shouldn't really have to think much before adding some to your portfolio. Only 31 stocks are in the club right now. Dividend Kings are stocks whose dividends have increased annually for at least 50 years, and that includes years of the worst stock market crashes in history. Dividend Kings, in particular, can be an excellent source of passive income when your stocks aren't behaving very well. These are also the times when you'd want to put some cash to good use. It's September, and the stock markets are slippery.

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