Dividend Growth Stock Investing
There are few companies that pay a dividend who have managed to increase those dividends every year for at least 50+ years. These companies began increasing their dividend payments at least 5 decades ago and haven’t stopped since. They didn’t stop during the dot-com bubble. They continued right on through the Great Recession. Now they have streaks with origins all the way back to the John F. Kennedy Presidency. These companies are the dividend growth kings. Today I wanted to highlight the companies with at least 50 years worth of dividend growth.
- Diebold Inc. (DBD) - Diebold is a self-service and security provider for financial services industry. Think ATM machines. This ATM company is like an ATM for investors with the longest standing dividend growth streak of 60 years worth of increasing dividends.
- American States Water (AWR) - AWR is a public utility company providing service to over 1 million customers. This company has managed 58 years worth of dividend growth.
- Dover Corp (DOV) - Dover is a manufacturing company producing products for the industrial products, fluid management, and electronic technology markets. Dover has paid out 57 years of increasing dividends.
- Genuine Parts Co. (GPC) - GPC is involved with the distribution of automotive and industrial replacement parts. They have 57 years of dividend growth and counting.
- Northwest Natural Gas (NWN) - NWN is a natural gas utility service company in the Nortwest United States. NWN has grown their dividend distribution for 57 years in a row.
- Parker-Hannifin Corp. (PH) - Parker-Hannifin is one of the largest companies in the world in motion control technologies. This company has paid out an increasing dividend for 57 years.
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Emerson Electric (EMR) – Emerson is a global manufacturing and technology company. Emerson Electric has grown their dividend payment for 56 years.
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Procter & Gamble Co. (PG) - PG is a consumer products company selling brands such as Crest, Herbal Essences, Bounty, Dawn and Duracell. This consumer products company has a 56 year long history of growing dividends.
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3M Company (MMM) -3M Company is a global innovation company that never stops inventing. The maker of Post Its among many other things has 55 years of dividend growth to be proud of.
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Vectren Corp. (VVC) - Vectren is an electricity and natural gas utility company in Indiana. Vectren has 53 years of growing dividend payments.
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Cincinnati Financial (CINF) - CINF is an insurance company underwriting fire, casualty and automobile insurance. For 52 years in a row, Cincinnati Financial has grown dividends.
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Coca-Cola Company (KO) – This beverage maker has famous brands such as Coke, Diet Coke, Fanta and Sprite. The king of beverages is also a king of dividend growth with 51 years of rising dividends.
- Johnson & Johnson (JNJ) - JNJ is a healthcare and pharmaceutical company. They sell many popular consumer products such as Tylenol, Band Aid and Listerine. The Tylenol maker has reached the 5 decade mark with 50 years of increasing dividends.
- Lancaster Colony Corp. (LANC) - Lacaster Colony is a food products company primarily specializing in specialty foods. Lancaster Colony has paid out 50 years of growing dividends.
- Lowe’s Companies (LOW) - Lowe’s is a home improvement retailer selling all the homeowner needs to make updates, maintain and enhance their properties. This home improvement retailer has paid out growing dividends for 50 years in a row.
Currently, there are exactly 15 dividend growth stocks with at least 5 decades of growing dividend payments. However there are quite a few ready to join the ranks of kings of dividend growth within the next few years. Companies such as Colgate-Palmolive, Illinois Tool Works, Chubb Corp. and Tootsie Roll Industries are only a year or two a way from reaching the 50 year mark.
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6 Responses to Kings of Dividend Growth
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I like this list. I own shares of KO and JNJ. I consider those positions in my portfolio almost as fixed income. Considering very low interest yield on bonds, you are better off holding some stocks in this list instead and consider them as “bond replacement”!
Thanks Dividend Guy. These are all the companies that have a 50+ year record of dividend growth which I think is so amazing considering how far back that really goes. I own KO and would love to purchase some JNJ as well. I agree they could almost be considered bonds with the ability to grow that income payment going forward.
I currently own 3 of those, but would love to own just about all of them. Hopefully we’ll get a chance soon to pick up some of these kings.
Hi JC I think these would make some great additions to most portfolios. There are certainly a few I wouldn’t mind adding to my portfolio. I’m just waiting for my next paycheck so I can figure out what my next stock buy will be!
Great list. There were many on here that I didn’t think of as typically dividend growth stocks that I will need to research further (in particular Diebold, Parker Hannifin and Lancaster). I didn’t realize they had been paying dividends so long
These are the companies that have been paying increasing dividends the longest and despite that they aren’t necessarily the “popular” most talked about typical dividend growth companies. Fifty years is a heck of a long time to continually raise your dividend year after year. The company has to be truly successful for a very long period of time in order to be able to do that. These companies are among the best in the world.