3 Foundational Blue Chip Dow Dividend Stocks for Building Generational Wealth

When looking at potential dividend stocks, investors often compare dividend yield and a company's track record for increasing its payout. The Home Depot (NYSE: HD), Johnson Johnson (NYSE: JNJ), and Chevron (NYSE: CVX) have both of these qualities in abundance. All three are also components of the Dow Jones Industrial Average (DJINDICES: ^DJI).

While the structure of the Dow has its flaws, namely that it is a price-weighted index, being a member of the Dow is a badge of honor. Each Dow stock is a representative of its industry, usually because it is an industry leader or is a consistent payer.

Here's why Home Depot, J, and Chevron stand out as three blue chip dividend stocks that are worth buying now.

Source Fool.com