Hard to even comprehend, but this great story, courtesy the Wall Street Journal‘s Anna Prior, recounts how Ronald Read accumulated an estate valued at almost $8 million.
Ronald Read, who passed away at the age of 92, made a modest living pumping gas for many years at a Gulf gas station in Brattleboro, Vermont. I always try to recommend the best stocks to buy so that we can all invest toward Ronald Read’s success.
So, for the first time since I created my buy list — well over a decade ago — I have given my list of common stock names a complete overhaul. I have spent weeks in the process with the goal of giving you not only a roster of dividend payers but also a list where every core company has increased its dividend for a minimum of 10 consecutive years.
I have rounded out the core list with a handful of special situation dividend payers, and here are some of the top common stocks you should be buying now.
Becton, Dickinson and Co. (NYSE:BDX)
The world is getting older. In the U.S., the proportion of the population aged 65 and older will jump from 13% in 2010 to 20% by 2040. That’s the fastest rate of aging the country has ever experienced.
America isn’t the only country facing rapid aging. China, thanks to its one-child policy, has engineered itself an aging crisis. Demographic trends have also put Japan, Canada and most of Europe on the path to rapid aging.
Becton, Dickinson and Co. (NYSE:BDX) is a leading medical devices manufacturer with a history that traces back to 1897, when Maxwell W. Becton and Fairleigh S. Dickinson met on a sales trip. Soon after, they cofounded Becton Dickinson and began selling syringes.
In part to prepare for the rapidly aging world, Becton Dickinson recently acquired CareFusion Corporation (NYSE:CFN). Becton Dickinson has added CareFusion’s broad portfolio of anesthesia, surgical instruments, infusion, infection prevention, medication management and more to its worldwide distribution chain.
The combined company has a vast reach inside emerging market countries, where medical device use is growing fast. My price chart shows BDX stock’s strong performance since 2012. Buy BDX stock today.
Target Corporation (NYSE:TGT)
Target Corporation‘s (NYSE:TGT) core customers, young families, are demanding more organic and natural choices in its grocery section.
Currently, the grocery business at Target generates only 20% of its sales. Target hopes to attract more repeat customers by bulking up its grocery offerings. By adding just one more visit per customer each month, Target will generate an additional $2.5 billion in sales each year.
My long-term chart shows Target well below its trend. Buy TGT stock now.
Automatic Data Processing (NASDAQ:ADP)
Companies are increasingly using third-party services for routine business needs. Automatic Data Processing (NASDAQ:ADP) provides Human Capital Management (HCM) solutions to small, medium and large businesses.
The HCM solutions assist in payroll, human resources and benefits administration as well as automating human resources tasks.
My relative strength chart shows ADP stock’s outperformance of the market over the last five years. Buy ADP stock.
ABM Industries, Inc. (NYSE:ABM)
With an increasing number of government regulations and mandates being placed on employers, many are seeking ways to avoid the extra burdens. Outsourcing services is an easy way to keep employee counts low and to put specialized talent in positions that might not warrant a full-time employee.
ABM Industries, Inc. (NYSE:ABM) offers many outsourcing solutions for everything from janitorial services to landscaping, security, engineering, and more. My price chart shows a bullish pop in ABM shares. Buy ABM Industries.
Flowers Foods, Inc. (NYSE:FLO)
With a portfolio of baked goods that includes America’s best selling bread brand, Nature’s Own, and well-known names like Wonder Bread, Country Kitchen and Tastykake, Flowers Foods, Inc. (NYSE:FLO) is a leading producer of bakery foods in the U.S.
Flowers Foods owns 46 bakeries that span the U.S. from Maine to California. Flowers Foods delivers to territories covering 81% of the U.S. population spread among 36 states.
My price chart shows Flowers Foods shares rebounding after a correction that lasted through much of 2013 and 2014. Buy FLO stock now.
To get the rest of Dick Young’s top stocks to buy this month for stability and long-term dividend growth, sign up for his newsletter, Intelligence Report.
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