2 Magnificent S&P 500 Dividend Stocks for Long-Term Growth

Investing in dividend stocks can provide a steady stream of income and long-term capital appreciation. The S&P 500 is home to many world-class companies that offer attractive dividend yields and strong growth prospects. In this article, we will explore two magnificent S&P 500 dividend stocks that have the potential to reward investors for years to come.
1. Coca-Cola (KO) Coca-Cola is a global beverage giant with a strong brand and a history of dividend growth. The company's iconic products and extensive distribution network have driven consistent revenue and earnings growth over the years. Coca-Cola's adjusted revenue grew 15% year over year in the second quarter, with international markets leading the way. The company's strong financial performance has translated into robust earnings growth, with adjusted earnings per share (EPS) up 17% year over year on a constant-currency basis.
Coca-Cola's dividend is a key attraction for income-oriented investors. The company has increased its dividend for 62 consecutive years, demonstrating a strong commitment to returning capital to shareholders. Coca-Cola's current dividend yield is around 3%, providing a solid income stream while the company continues to grow its earnings and dividend payouts.
2. Blackstone (BX) Blackstone is the world's largest alternative asset manager, with a diversified portfolio of investments in private equity, real estate, and infrastructure. The company's strong track record and access to capital have driven consistent earnings growth and dividend increases. Blackstone's total assets under management grew 7% year over year to $1.1 trillion in the first quarter, driven by $39 billion of inflows from investors.
Blackstone's dividend policy is to pay shareholders about 85% of its distributable earnings. The company's dividend has increased over time, with the trailing dividend over the last year totaling $3.36 per share, up from $1.92 in 2019. Blackstone's dividend yield is around 2.3%, providing a solid income stream while the company continues to grow its assets and earnings.
Both Coca-Cola and Blackstone offer attractive dividend yields and strong growth prospects. Coca-Cola's global brand and international expansion opportunities provide a solid foundation for long-term earnings growth, while Blackstone's diversified portfolio and access to capital drive consistent earnings and dividend increases. These two magnificent S&P 500 dividend stocks have the potential to reward investors with a combination of income and capital appreciation over the long term.