7 Dividend Stocks with 50+ Year History of Increasing PayoutsCompanies / Dividends Mar 04, 2013 - 12:03 PM GMT
As Money Morning Executive Editor Steve Christ told us this week, finding solid dividend stocks in different sectors is a key to finding financial freedom, thanks to compounding.
"This compounding effect arises when your dividend yield is added to the principal. From that moment on, the interest begins to earn interest on itself," explained Christ. "Over the long haul, that process can add up to a small fortune - even with very modest investments. All it takes is time."
How do you find theses reliable dividend payers?
For starters, consider dividend stocks that have a history of raising their payout. Dividend.com recently compiled a list of stocks that have hiked their dividends for at least 25 years.
To take it a step further, we compared that list to Standard & Poor's "Dividend Aristocrats" - large-cap, blue-chip companies that have increased dividends for at least 20 consecutive years.
Some of the "Aristocrats" have hiked their payouts for much longer than that, like these seven, which have done so for at least 50 years:
7 Dividend Stocks Paying More Each Year
Dover Corp. (NYSE: DOV) has raised its dividend for 57 years. This maker of components for the communications industry carries a 1.96% yield.
The Procter & Gamble Co. (NYSE: PG) is the parent behind such iconic brands as Crest, Head & Shoulders, Tide and Duracell, to name just a few. It has a history of polishing its dividend rate for 56 years. Shares yield a clean 2.92%.
Emerson Electric Co. (NYSE: EMR) is a diversified technology company that supplies products and engineering services and solutions to global consumers. It has supplied shareholders with 56 years of rising dividends. It yields 2.88%.
Genuine Parts Co. (NYSE: GPC) distributes automotive replacement and industrial parts, office products and electronic materials in the U.S., Canada and Mexico. It's been distributing growing dividends for 56 years. Shares carry a 3.14% yield.
3M Co. (NYSE: MMM) is the company that makes Post-it notes, Scotch tape and some 55,000 other products from car wax to dental products. Investors have been sticking around for 54 years, thanks to growing dividends and a generous 2.47% yield.
Cincinnati Financial Corp. (NYSE: CINF) is a property casualty insurance company. Shareholders have stayed with the company for 52 years, attracted by its growing dividend policy. Shares yield an engaging 3.65%.
The Coca-Cola Co. (NYSE: KO) has been adding some fizz to shareholders' portfolios with dividends that have increased for 50 years. Shares carry a 2.70% yield.
To read more about the powerful forces of compounding - and get four of Steve Christ's favorite picks - check out his article, This Time-Tested Strategy Could Be Your Winning Lottery Ticket.
If you want to invest in dividend stocks, you can stay up-to-date on some of the latest high-yield winners boasting the best growth potential with our Private Briefing investment service. Private Briefing Editor Bill Patalon regularly consults with our Money Morning investing team to get some of the hottest stock picks that have yet to hit Wall Street's radar. Find out more about how you can hear all of Private Briefing's compelling picks, including a new report on the seven best investments of 2013.
©2013 Monument Street Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Monument Street Publishing. 105 West Monument Street, Baltimore MD 21201, Email: email@example.com
Disclaimer: Nothing published by Money Morning should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investent advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication, or after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.
Money Morning Archive
© 2005-2014 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.