25 Companies Raising Their Dividends for 25 Years or More
> Yield: 4.9%
In December 2015, AT&T Inc. (NYSE: T) increased its dividend for the 32nd consecutive year. This is a former Dow stock and it would be the highest Dow yield of all had it stayed in the index. Its DirecTV merger may have even given AT&T better dividend coverage. Merrill Lynch has what seems like a “forever” hold period for AT&T.
> Yield: 2.4%
When Automatic Data Processing Inc. (NASDAQ: ADP) had a hike in November 2015, it noted that it had increased its cash dividend for its 41st consecutive year. With the announcement of the spin-off of CDK Global in 2014, ADP stated its intention to continue its track record of annual dividend increases with a pre-separation target dividend payout ratio of 55% to 60%.
12. Becton Dickinson
> Yield: 1.6%
Becton, Dickinson and Co, (NYSE: BDX) announced in late 2015 that it had completed the largest acquisition in its history, but it was also the 44th consecutive fiscal year in which it had raised the dividend.
> Yield: 2.4%
Clorox Co. (NYSE: CLX) last hiked its dividend in May 2015. The consumer products player said that its total annual dividends paid to shareholders has increased each year since 1977. Clorox went out on a limb late in 2015 with a vision out to 2020.
14. Consolidated Edison
> Yield: 3.6%
Consolidated Edison Inc. (NYSE: ED) announced in early 2016 that its dividend hike was the 42nd consecutive annual increase for stockholders. The company also included the note that this was actually the longest successive streak of dividend increases of any utility in the S&P 500 index.
15. Franklin Resources
> Yield: 2.0%
Asset management firm Franklin Resources Inc. (NYSE: BEN) said that its 20% increase kept its tradition of raising its dividend every year since 1981.
> Yield: 2.9%
In February 2016, Kimberly-Clark Corp. (NYSE: KMB) announced a dividend hike that was its 44th consecutive year of a raised dividend. The company also said that it marked the 82nd straight year the company has paid dividends. This is one of the original 24/7 Wall St. 10 stocks to own for the decade.
> Yield: 1.9%
Medtronic PLC (NYSE: MDT) has dominated in medical devices, now with a $113 billion market cap. In June of 2015 its dividend hike took the payout ratio to approximately 35%, with a 40% goal in the coming years. It also marked the 38th consecutive year of dividend hikes.