Financial Resilience and Commitment: Traits of Top Dividend Growers

Best Dividend Stocks for Dependable Dividend Growth – The highest yield isn’t everything when it comes to finding the best dividend stocks. Income investors know there’s no substitute for regular dividend increases over the long haul.

When it comes to building a portfolio geared towards consistent dividend growth, savvy investors understand that prioritizing regular payout increases over the highest yield can lead to superior long-term returns. Here’s why:

1. Patience Pays Off: Seasoned dividend growth investors recognize the value of patience. Companies that consistently raise dividends year after year, even if their initial yields appear modest, can substantially increase the yield on the investor’s original investment over time.
2. Financial Resilience and Commitment: Firms with a long track record of annual dividend growth demonstrate both financial resilience and a steadfast commitment to rewarding shareholders, regardless of economic turbulence or market conditions.
3. Reduced Volatility, Augmented Returns: Investing in sustainable dividend growers not only provides a growing income stream but also helps mitigate portfolio volatility and enhance total returns, as noted by David Park and David Chalupnik of Nuveen.

Exploring the Best Dividend Stocks

S&P 500 Dividend Aristocrats: A Solid Starting Point

The S&P 500 Dividend Aristocrats represent a cohort of 67 companies within the S&P 500 index that have consistently increased dividends for at least 25 consecutive years. Despite spanning various sectors, these companies share a common commitment to reliable, long-term dividend growth.

Recent Updates:

• Additions and Removals: Noteworthy changes to the Dividend Aristocrats include the removal of Walgreens Boots Alliance (WBA) due to a significant dividend cut in late 2023 and the addition of Fastenal (FAST) in recognition of its 25-year streak of annual dividend hikes.
• Additional Changes: Over the past year, other alterations to the Dividend Aristocrats include the removal of VF Corp. (VFC) and the inclusion of Kenvue (KVUE), spun off from Johnson & Johnson (JNJ).

Accessing Dividend Aristocrats

Investors seeking exposure to the entire S&P 500 Dividend Aristocrats index can consider the ProShares S&P 500 Dividend Aristocrats ETF (NOBL). This exchange-traded fund, boasting $11.5 billion in assets under management, offers a convenient means of diversification with an expense ratio of 0.35%.

Disclaimer: The following list showcases companies according to the duration of their consecutive dividend increases, from the lowest to the highest. The Dividend Aristocrats index is maintained by S&P Dow Jones Indices, and dividend history is based on both company information and S&P data. Current dividend-growth streaks include announcements made up to May 8, 2024.

The S&P 500 Dividend Aristocrats

Company	Ticker	Sector	Years of dividend growth
Fastenal	FAST	Industrials	25
C.H. Robinson Worldwide	CHRW	Industrials	25
J.M. Smucker	SJM	Consumer Staples	26
Church & Dwight	CHD	Consumer Staples	28
Cardinal Health	CAH	Healthcare	28
International Business Machines	IBM	Information Technology	29
Caterpillar	CAT	Industrials	29
Albemarle	ALB	Materials	29
Essex Property Trust	ESS	Real Estate	30
NextEra Energy	NEE	Utilities	30
Chubb	CB	Financials	30
Expeditors International of Washington	EXPD	Industrials	30
Linde	LIN	Materials	30
Brown & Brown	BRO	Financials	30
Realty Income	O	Real Estate	31
West Pharmaceutical Services	WST	Healthcare	31
A.O. Smith	AOS	Industrials	31
Roper Technologies	ROP	Information Technology	31
Ecolab	ECL	Materials	32
General Dynamics	GD	Industrials	32
Chevron	CVX	Energy	37
T. Rowe Price	TROW	Financials	38
McCormick & Co.	MKC	Consumer Staples	38
Atmos Energy	ATO	Utilities	38
Cintas	CTAS	Industrials	40
Brown-Forman	BF.B	Consumer Staples	40
Amcor	AMCR	Materials	40
Exxon Mobil	XOM	Energy	41
Air Products & Chemicals	APD	Materials	42
Aflac	AFL	Financials	42
Franklin Resources	BEN	Financials	43
Sherwin-Williams	SHW	Materials	45
Clorox	CLX	Consumer Staples	46
Medtronic	MDT	Healthcare	46
McDonald’s	MCD	Consumer Discretionary	47
Pentair	PNR	Industrials	48
Automatic Data Processing	ADP	Industrials	49
Lowe’s	LOW	Consumer Discretionary	49
Consolidated Edison	ED	Utilities	50
Walmart	WMT	Consumer Staples	51
Archer-Daniels-Midland	ADM	Consumer Staples	51
S&P Global	SPGI	Financials	51
Nucor	NUE	Materials	51
PepsiCo	PEP	Consumer Staples	52
Kimberly-Clark	KMB	Consumer Staples	52
Abbott Laboratories	ABT	Health Care	52
Becton Dickinson	BDX	Healthcare	52
AbbVie	ABBV	Healthcare	52
Illinois Tool Works	ITW	Industrials	52
PPG Industries	PPG	Materials	52
Target	TGT	Consumer Staples	52
W.W. Grainger	GWW	Industrials	53
Sysco	SYY	Consumer Staples	55
Stanley Black & Decker	SWK	Industrials	56
Federal Realty Investment Trust	FRT	Real Estate	56
Hormel Foods	HRL	Consumer Staples	58
Nordson	NDSN	Industrials	60
Kenvue	KVUE	Consumer Staples	61
Johnson & Johnson	JNJ	Healthcare	62
Colgate-Palmolive	CL	Consumer Staples	62
Coca-Cola	KO	Consumer Staples	62
Cincinnati Financial	CINF	Financials	64
3M*	MMM	Industrials	64
Emerson Electric	EMR	Industrials	67
Genuine Parts	GPC	Consumer Discretionary	67
Procter & Gamble	PG	Consumer Staples	68
Dover	DOV	Industrials	68

Fastenal (FAST) : Navigating Consistent Dividend Growth

• Consecutive Annual Dividend Increases: 25
  • Fastenal (FAST) earned its position in the esteemed Dividend Aristocrats club in January 2024, marking a significant milestone in its journey of consistent dividend growth.
• Recent Dividend Declaration:
  • In its most recent dividend declaration, Fastenal announced a quarterly cash dividend of 39 cents per share. This dividend was payable on February 29, 2024, to shareholders of record as of February 1, 2024.
• Financial Strength:
  • Despite its commitment to rewarding shareholders with consistent dividends, Fastenal has maintained robust financial performance.
  • Notably, in fiscal 2023, the company generated over $1 billion in levered free cash flow, even after disbursing dividends exceeding a billion dollars.

Fastenal’s inclusion in the Dividend Aristocrats index underscores its resilience and dedication to shareholder value. As investors seek dependable income streams and long-term growth, Fastenal stands as a beacon of stability and reliability in the dividend landscape.

C.H. Robinson Worldwide (CHRW) : Delivering Dependable Dividend Growth

Consecutive Annual Dividend Increases: 25

• C.H. Robinson Worldwide (CHRW) has established itself as a stalwart in the dividend realm, boasting an impressive streak of annual dividend increases spanning 25 years.

• Core Business:
  • CHRW specializes in providing freight transportation and logistics services to industries worldwide, offering essential support to global supply chains.
• Commitment to Shareholders:
  • The company solidified its position among the Dividend Aristocrats on February 1, 2023, thanks to its unwavering commitment to delivering consistent dividend growth.
  • In its most recent dividend announcement in November 2022, CHRW demonstrated its dedication by implementing a 10.9% increase in the quarterly dividend payout to 61 cents per share.
• Performance Analysis:
  • While CHRW’s stock performance has been mixed compared to the broader market, it has showcased notable outperformance over shorter time frames, including one- and three-year periods.
  • Over the past two decades, CHRW’s annualized total return has exceeded that of the S&P 500 by a margin of over 2 percentage points, highlighting its potential as a long-term investment option.

Despite fluctuations in market performance, CHRW’s consistent dividend growth and essential role in global logistics make it a compelling choice for income-focused investors seeking stability and reliability in their portfolios.

J.M. Smucker (SJM) : Savoring Sustainable Dividend Growth

• Consecutive Annual Dividend Increases: 26
  • J.M. Smucker (SJM) has solidified its position as a cornerstone in the consumer staples sector, renowned for its extensive portfolio of beloved brands including Folgers, Dunkin’ coffee, Jif peanut butter, and Smucker’s jams and jellies.
• Equity Income Powerhouse:
  • Beyond its consumer products, SJM has emerged as a reliable source of equity income, consistently increasing its dividend payout annually for an impressive 26 consecutive years, according to S&P.
  • This consistent performance earned SJM a coveted spot among the Dividend Aristocrats on February 1, 2023, highlighting its commitment to shareholder value.
• Track Record of Success:
  • SJM’s commitment to regular dividend increases has proven to be a boon for investors, with the stock boasting a 15-year annualized total return that surpasses the broader market by several percentage points.
  • Investors have reaped the rewards of SJM’s dividend growth strategy, enjoying steady income and favorable long-term returns.
• Recent Dividend Increase:
  • In its most recent dividend adjustment in July 2023, SJM once again demonstrated its dedication to shareholders by implementing a 3.9% increase in the quarterly dividend payout to $1.06 per share.

With its diverse product offerings, steadfast commitment to dividend growth, and track record of outperforming the market, J.M. Smucker stands out as a compelling choice for investors seeking stability and income generation in their portfolios.

Church & Dwight (CHD) : Elevating Everyday Essentials

• Consecutive Annual Dividend Increases: 28
  • Church & Dwight (CHD) may not be a household name for retail investors, but its extensive portfolio of household brands is undoubtedly familiar. From Arm & Hammer to OxiClean and Waterpik, CHD’s products are staples in households across the globe.
• Established Legacy:
  • With roots dating back to 1846, CHD has cemented its position as a leader in consumer staples, particularly as the foremost producer of baking soda in the U.S.
  • In recognition of its market significance, CHD joined the esteemed ranks of the S&P 500 index in late 2015, solidifying its presence on the investment landscape.
• Dividend Stalwart:
  • CHD’s commitment to shareholder value is evident through its remarkable track record of consecutive quarterly dividends spanning an impressive 123 years.
  • Bolstering its reputation as a dividend stalwart, CHD has increased its dividend payout annually for 28 consecutive years, underscoring its dedication to rewarding shareholders.
• Recent Dividend Adjustment:
  • Demonstrating its ongoing commitment to enhancing shareholder returns, CHD announced a 4% increase in its quarterly dividend payout to 28.375 cents per share in February 2024.

With its enduring legacy, diverse product portfolio, and unwavering commitment to dividend growth, Church & Dwight stands as a testament to stability and reliability in the consumer staples sector, offering investors the opportunity to participate in the success of everyday essentials.

Cardinal Health (CAH ): Empowering Healthcare Distribution

• Consecutive Annual Dividend Increases: 28
  • Cardinal Health (CAH) has emerged as a leading wholesale distributor of pharmaceuticals and medical devices, propelled by a strategic series of acquisitions that have solidified its position in the healthcare industry.
• Acquisition Momentum:
  • Through a consistent stream of acquisitions, including the recent $2.2 billion all-stock deal for Bindley Western Industries, CAH has expanded its reach and capabilities, reinforcing its status as a healthcare giant.
• Resilience Amid Challenges:
  • Despite facing challenges during the pandemic, such as deferred elective surgeries, CAH has demonstrated resilience by continuing to generate robust free cash flow.
  • The company’s ability to navigate through turbulent times underscores its financial strength and adaptability.
• Dividend Growth Champion:
  • CAH has consistently rewarded shareholders with annual dividend increases for an impressive 28-year streak and counting.
  • In its most recent dividend adjustment in May 2024, CAH further affirmed its commitment to shareholder value by announcing a 1% increase in the quarterly dividend to 50.56 cents per share.

With its track record of dividend growth, strategic acquisitions, and resilience in the face of industry challenges, Cardinal Health remains a cornerstone in the healthcare distribution landscape, offering investors stability, growth, and income potential.

International Business Machines (IBM) : Navigating Transformation with Dividend Consistency

• Consecutive Annual Dividend Increases: 29
  • Despite facing challenges and transformations in the technology landscape, International Business Machines (IBM) has maintained its reputation as a dividend stalwart, boasting a remarkable streak of 29 consecutive years of annual dividend increases.
• Industry Dynamics:
  • IBM, a prominent member of the Dow Jones Industrial Average, has encountered difficulties amidst shifts in technology trends, particularly in areas such as social, mobile, analytics, and cloud infrastructure.
  • Despite these challenges, IBM remains a formidable player in the technology sector, leveraging its expertise and resources to adapt to evolving market demands.
• Dividend Aristocrat Status:
  • IBM’s commitment to consistent dividend growth earned it a coveted position among the Dividend Aristocrats in January 2021, underscoring its resilience and dedication to rewarding shareholders.
• Recent Dividend Adjustment:
  • In April 2024, IBM reaffirmed its commitment to shareholders by announcing a modest increase in its quarterly dividend to $1.67 per share, marking the 29th consecutive year of dividend growth.
  • Notably, IBM has a longstanding history of paying consecutive quarterly dividends since 1916, reflecting its unwavering commitment to shareholder returns.

Despite fluctuations in its business landscape, IBM’s ability to sustain its dividend growth streak highlights its financial strength and dedication to shareholder value. As one of the best dividend stocks, IBM continues to navigate transformation while delivering consistent returns to investors.

Caterpillar (CAT) : Building Dividend Growth on a Solid Foundation

• Consecutive Annual Dividend Increases: 29
  • Caterpillar (CAT), renowned as the world’s largest manufacturer of heavy construction and mining equipment, solidified its status among the Dividend Aristocrats in January 2019, a testament to its enduring commitment to shareholder value.
• Steadfast Dividend Tradition:
  • CAT boasts an impressive track record of paying regular dividends without interruption since 1933, reflecting its long-standing dedication to shareholders.
  • Over the past 29 years, CAT has consistently raised its dividend payout annually, showcasing its commitment to delivering reliable income growth to investors.
• Recent Dividend Adjustment:
  • In June 2023, CAT once again demonstrated its shareholder-friendly approach by announcing an 8% increase in its quarterly dividend to $1.30 per share, reinforcing its reputation as a dividend growth powerhouse.
• Robust Free Cash Flow:
  • A hallmark of the best dividend stocks is their ability to generate ample free cash flow to cover dividend obligations, and CAT effortlessly meets this criterion.
  • As of the 12 months ended March 31, 2022, CAT reported free cash flow after debt payments of $5.4 billion, even after disbursing $2.5 billion in dividends, highlighting its financial strength and sustainability.

Caterpillar’s unwavering commitment to dividend growth, coupled with its robust financial performance and market leadership, positions it as a cornerstone investment for income-focused investors seeking stability and growth in their portfolios.

Albemarle (ALB) : Powering Dividend Growth with Specialized Chemistry

• Consecutive Annual Dividend Increases: 29
  • Albemarle (ALB), a leading manufacturer of specialty chemicals with a focus on lithium production, has consistently increased its dividend payout for an impressive 29 consecutive years, reflecting its commitment to long-term value creation for shareholders.
• Recent Dividend Adjustment:
  • In February 2023, ALB reaffirmed its dedication to shareholders by implementing a 1.3% increase in its quarterly dividend to 40 cents per share, underscoring its commitment to delivering consistent dividend growth amidst evolving market dynamics.
• Diverse Applications:
  • Albemarle’s specialized chemicals play a vital role across various industries, ranging from clean-fuel technologies to pharmaceuticals to fire safety.
  • With lithium at the forefront, Albemarle is poised to capitalize on the growing demand for electric vehicles (EVs), with CFRA Research citing the positive outlook on EV adoption as a key driver for the company’s future growth.
• Blue Wave Potential:
  • Analysts anticipate potential upside for Albemarle’s growth trajectory, particularly under a Blue Wave scenario in the U.S., which could accelerate the trend towards electric vehicle adoption and further bolster demand for the company’s lithium products.

Albemarle’s strong dividend growth track record, coupled with its diversified product portfolio and strategic positioning in high-growth markets such as electric vehicles, positions it as a compelling investment opportunity for income-oriented investors seeking exposure to the burgeoning specialty chemicals sector.

Essex Property Trust (ESS) : Building Dividend Growth in Real Estate

• Consecutive Annual Dividend Increases: 30
  • Essex Property Trust (ESS), a real estate investment trust (REIT) specializing in apartments primarily on the West Coast, has established itself as a Dividend Aristocrat since 2020, showcasing its commitment to consistent dividend growth.
• Steady Dividend Growth Tradition:
  • ESS has a rich dividend history, having gone public in 1994 and consistently increasing its dividend payout annually for 30 consecutive years.
  • The most recent dividend increase occurred in February 2024, with ESS raising its quarterly dividend by 6.1% to $2.45 per share, demonstrating its dedication to delivering value to shareholders.
• Strong Dividend Growth Performance:
  • With a steady and generous stream of dividend hikes, Essex has achieved an impressive 10-year compound annual dividend growth rate of nearly 7%, reflecting its ability to generate sustained income growth for investors.

Essex Property Trust’s steadfast commitment to dividend growth, coupled with its strategic focus on the West Coast apartment market, positions it as a reliable income-generating investment opportunity in the real estate sector. As an established Dividend Aristocrat, ESS continues to prioritize shareholder value while navigating the dynamics of the real estate market.

Brown & Brown (BRO) : Protecting Prosperity with Consistent Dividend Growth

• Consecutive Annual Dividend Increases: 30
  • Brown & Brown (BRO), a renowned provider of insurance brokerage services to businesses and consumers, has safeguarded financial security since 1939. Despite its longstanding history, BRO’s inclusion in the S&P 500 index in 2021 marked a pivotal moment, granting access to broader market recognition and opportunities.
• Entrance to the Dividend Aristocrats:
  • BRO’s induction into the S&P 500 not only signified its ascent in the realm of U.S. equity performance but also paved the way for its inclusion among the prestigious Dividend Aristocrats in 2022.
  • This acknowledgment underscores BRO’s exceptional track record of nearly three decades of consecutive annual dividend increases, reflecting its unwavering commitment to rewarding shareholders.
• Recent Dividend Adjustment:
  • In October 2023, BRO reaffirmed its dedication to dividend growth by announcing a substantial 13% increase in its quarterly distribution to 13 cents per share, demonstrating its proactive approach to enhancing shareholder value.

Brown & Brown’s enduring legacy, coupled with its steadfast commitment to dividend growth, positions it as a cornerstone investment for income-oriented investors seeking stability and growth potential in the insurance sector. As a member of the elite Dividend Aristocrats, BRO continues to exemplify excellence in equity income, offering investors a pathway to long-term prosperity.

NextEra Energy (NEE): Illuminating the Future with Sustainable Dividend Growth

• Consecutive Annual Dividend Increases: 30
  • NextEra Energy (NEE), a prominent utility company, earned its place among the esteemed Aristocrats in January 2021, showcasing its impressive track record of 30 consecutive years of annual dividend increases.
• Diversified Business Portfolio:
  • NEE operates through two principal businesses: Florida Power & Light (FPL), the largest electric utility in Florida, and NextEra Energy Resources, a leading player in wind and solar energy.
  • Analysts commend NEE’s strategic combination of a successful regulated utility with a rapidly expanding renewables business, positioning the company favorably amidst growing global interest in renewable energy generation.
• Favorable Industry Dynamics:
  • NEE stands to benefit from population growth trends and the Biden administration’s emphasis on advancing renewable energy initiatives.
  • With a strong presence in wind and solar energy, NEE is well-positioned to capitalize on the increasing demand for clean and sustainable energy solutions.
• Recent Dividend Adjustment:
  • In February 2024, NEE reaffirmed its commitment to shareholders by announcing a substantial 10% increase in its quarterly dividend to 51.5 cents per share, reflecting its confidence in its financial performance and growth prospects.

NextEra Energy’s dedication to sustainable dividend growth, coupled with its strategic positioning in the utility and renewable energy sectors, solidifies its status as a premier investment choice for income-oriented investors seeking stability and growth potential in the evolving energy landscape. As a member of the exclusive Aristocrats club, NEE continues to illuminate the path to long-term prosperity for investors.

Chubb (CB): Safeguarding Prosperity with Consistent Dividend Growth

• Consecutive Annual Dividend Increases: 30
  • Chubb (CB), a global insurance powerhouse, earned its place among the prestigious Dividend Aristocrats in January 2019, a testament to its remarkable track record of 30 consecutive years of annual dividend increases.
• Steady Dividend Growth Tradition:
  • CB’s commitment to dividend growth was reaffirmed in May 2023 when it announced a 3.6% increase in its quarterly dividend to 86 cents per share, marking its 30th consecutive year of dividend growth.
  • This consistent dividend growth underscores CB’s dedication to delivering value to shareholders amidst its position as the world’s largest publicly traded property and casualty insurance company.
• Global Operations:
  • With operations spanning across 54 countries and territories, CB maintains a robust global presence, providing insurance solutions to businesses and individuals worldwide.
  • While insurance may not be the most thrilling topic of conversation, CB’s profitability and stability serve as pillars supporting its longstanding dividend and investor confidence.
• Long-Term Performance:
  • CB’s steady dividend increases have translated into tangible returns for investors, with the stock outperforming the broader market by over 3 percentage points on an annualized total return basis over the past 20 years.

Chubb’s steadfast commitment to dividend growth, coupled with its global reach and solid financial performance, positions it as a reliable investment choice for income-oriented investors seeking stability and long-term growth potential in the insurance sector. As a member of the elite Dividend Aristocrats, CB continues to safeguard prosperity for shareholders while navigating the dynamics of the insurance industry.

Expeditors International of Washington (EXPD): Navigating Turbulent Waters with Dividend Resilience

• Consecutive Annual Dividend Increases: 30
  • Expeditors International of Washington (EXPD), a prominent logistics company, earned its place among the revered Aristocrats in January 2020, showcasing its impressive streak of 30 consecutive years of annual dividend increases.
• Resilience Amid Challenges:
  • EXPD faced significant challenges in recent years, including trade tensions between the U.S. and China and disruptions caused by the COVID-19 pandemic.
  • Despite these adversities, EXPD remained steadfast in its commitment to shareholders, maintaining its semiannual dividend and continuing its streak of dividend increases for over a quarter-century.
• Recent Dividend Adjustment:
  • In May 2024, EXPD reaffirmed its dedication to dividend growth by announcing a hike in its semiannual dividend to 73 cents per share from 69 cents per share, underscoring its resilience and commitment to shareholder value amidst a challenging operating environment.
• Sustainable Dividend Policy:
  • EXPD’s consistently low payout ratio provides assurance that the company has ample resources to sustain its dividend growth streak, even during periods of uncertainty and volatility.

Despite facing headwinds in the transportation industry, Expeditors International of Washington’s unwavering commitment to dividend resilience and growth, coupled with its sustainable dividend policy, solidifies its position as a reliable investment choice for income-oriented investors seeking stability and long-term growth potential. As a member of the esteemed Aristocrats, EXPD continues to navigate turbulent waters while delivering value to shareholders.

Linde (LIN): Leading the Way with Continuous Dividend Growth

• Consecutive Annual Dividend Increases: 30
  • Linde (LIN) solidified its position among the esteemed Dividend Aristocrats in late 2018 following its merger with Praxair, marking a significant milestone in its legacy of dividend growth and stability.
  • The merger, valued at $90 billion, resulted in the formation of the world’s largest industrial gases company, underscoring LIN’s commitment to industry leadership and shareholder value.
• Steadfast Dividend Tradition:
  • Prior to the merger, Linde, headquartered in Dublin, had a track record of annual dividend increases since 2014, while Praxair boasted 25 consecutive years of dividend growth.
  • The combined entity, LIN, continues this legacy as a steady dividend payer, reflecting its dedication to delivering consistent returns to shareholders.
• Recent Dividend Adjustment:
  • In February 2023, LIN demonstrated its commitment to shareholder value by announcing a substantial 9% increase in its quarterly dividend to $1.275 per share, reaffirming its status as a dividend growth leader.
  • Additionally, the board’s approval of a new share repurchase program further underscores LIN’s commitment to enhancing shareholder returns and confidence.
• Financial Strength and Sustainability:
  • LIN’s ample free cash flow after debt-service payments positions it well to sustain its dividend growth streak, providing investors with confidence in the company’s financial strength and stability.

Linde’s unparalleled legacy of continuous dividend growth, combined with its strategic vision and financial resilience, cements its status as a premier investment choice for income-oriented investors seeking stability and growth potential in the industrial gases sector. As a member of the esteemed Dividend Aristocrats, LIN continues to lead the way in delivering value to shareholders while maintaining its position as an industry leader.

Realty Income (O): Delivering Reliable Monthly Dividends

• Consecutive Annual Dividend Increases: 31
  • Realty Income (O) stands out as a beacon of stability and income reliability in the real estate investment trust (REIT) sector, boasting an impressive streak of 31 consecutive years of annual dividend increases.
• Monthly Dividend Distributions:
  • One of Realty Income’s distinguishing features is its status as a rare breed of monthly dividend stocks, offering investors a consistent stream of income on a monthly basis.
  • With over 6,700 commercial real estate properties leased to more than 630 tenants across 58 industries, including prominent names like Walgreens, 7-Eleven, FedEx, and Dollar General, Realty Income provides investors with diversified exposure to stable income-generating assets.
• Predictable Cash Flow:
  • Realty Income benefits from the long-term nature of its leases, which contribute to predictable cash flow generation.
  • The company has delivered compound average annual dividend growth of 4.3% since 1994, underscoring its commitment to steadily increasing shareholder returns over the long term.

Realty Income’s steadfast commitment to delivering reliable monthly dividends, coupled with its diversified portfolio of income-generating properties and predictable cash flow, positions it as an attractive investment option for income-oriented investors seeking stability and consistent income in their portfolios. As a proven dividend performer with a track record of 31 years of consecutive dividend increases, Realty Income remains a trusted choice for investors seeking dependable income from their investments.

West Pharmaceutical Services (WST): Leading Healthcare Innovation with Consistent Dividend Growth

• Consecutive Annual Dividend Increases: 31
  • West Pharmaceutical Services (WST), a renowned player in the healthcare supply chain, was honored with inclusion in the prestigious Dividend Aristocrats in January 2021, recognizing its remarkable track record of 31 consecutive years of annual dividend increases.
• Critical Healthcare Role:
  • WST operates in a critical sector of the healthcare industry, specializing in manufacturing packaging components and delivery systems for injectable drugs and other medical products.
  • The surge in demand for COVID-19 vaccines has further underscored the importance of WST’s products, while the robust pipeline in the biopharmaceutical industry positions the company for long-term growth.
• Recent Dividend Adjustment:
  • In October 2023, WST reaffirmed its commitment to shareholder value by announcing a significant 5.3% increase in its quarterly dividend to 20 cents per share, reflecting its confidence in its financial performance and growth prospects.
• Financial Strength and Sustainability:
  • With ample free cash flow and a low payout ratio, WST assures shareholders of its ability to sustain its streak of annual dividend increases, providing reassurance that the company remains dedicated to enhancing shareholder returns over the long term.

West Pharmaceutical Services’ steadfast commitment to healthcare innovation, coupled with its consistent dividend growth and financial resilience, positions it as a trusted investment choice for income-oriented investors seeking stability and growth potential in the healthcare sector. As a member of the esteemed Dividend Aristocrats, WST continues to lead the way in delivering value to shareholders while making a significant impact on global healthcare.

A.O. Smith (AOS): Pioneering Water Heating Solutions with Steadfast Dividend Growth

• Consecutive Annual Dividend Increases: 31
  • A.O. Smith (AOS), renowned for its manufacturing prowess in commercial and residential water heaters, secured its position among the esteemed Dividend Aristocrats in 2018, underscoring its impressive streak of 31 consecutive years of annual dividend increases.
• Steadfast Dividend Tradition:
  • In October 2023, AOS reaffirmed its commitment to shareholders by announcing a commendable 7% increase in its quarterly dividend to 31 cents per share, marking its 31st consecutive year of dividend hikes.
  • The industrial firm’s dedication to consistent dividend growth has resulted in a remarkable five-year compound annual growth rate of more than 10%, reflecting its unwavering commitment to enhancing shareholder returns over time.
• Financial Strength and Sustainability:
  • With ample free cash flow and a below-average payout ratio, AOS stands out as a reliable dividend payer, providing investors with confidence in its ability to sustain its streak of dividend increases.
  • Investors can rely on AOS to continue delivering dividend growth, backed by its robust financial performance and prudent capital allocation strategies.

A.O. Smith’s legacy of innovation in water heating solutions, combined with its steadfast commitment to dividend growth and financial resilience, positions it as a compelling investment opportunity for income-oriented investors seeking stability and long-term growth potential in the industrial sector. As a member of the exclusive Dividend Aristocrats club, AOS continues to lead the way in delivering value to shareholders while driving innovation in the water heating industry.

Roper Technologies (ROP): Driving Innovation and Dividend Growth

• Consecutive Annual Dividend Increases: 31
  • Roper Technologies (ROP), an industrial powerhouse with diversified operations in medical and scientific imaging, RF technology and software, energy systems, and controls, among others, has established itself as a beacon of dividend consistency for over three decades.
• Steady Dividend Growth Tradition:
  • In November 2023, ROP reaffirmed its commitment to shareholders by announcing a robust 10% increase in its quarterly dividend to 75 cents per share, marking its 31st consecutive year of dividend hikes.
  • Roper’s ability to consistently raise its dividend is attributed to a strategic blend of acquisitions, organic growth initiatives, and improved margins, reflecting the company’s commitment to enhancing shareholder returns without compromising profitability.
• Financial Prudence and Sustainable Growth:
  • Despite its modest yield, ROP’s steady dividend increases have delivered substantial returns for patient investors over the years, underscoring the value of its consistent income generation and dividend growth strategy.
  • Roper’s prudent financial management, coupled with its focus on innovation and operational excellence, ensures that dividend increases are supported by sustainable profitability and cash flow generation.

Roper Technologies’ legacy of driving innovation across diverse industrial sectors, combined with its unwavering commitment to dividend growth and financial prudence, positions it as a compelling investment opportunity for income-oriented investors seeking stability and long-term growth potential. As a stalwart member of the Dividend Aristocrats club, ROP continues to exemplify excellence in equity income, offering investors a pathway to sustained prosperity and shareholder value.

Ecolab (ECL): Nurturing Sustainability and Dividend Growth

• Consecutive Annual Dividend Increases: 32
  • Ecolab (ECL), a leading provider of water treatment and industrial-scale maintenance services across various sectors such as food, healthcare, and oil and gas, has been a steadfast contributor to sustainability and dividend growth for over three decades.
• Diverse Industry Applications:
  • ECL’s wide-ranging products and services play a crucial role in optimizing industrial processes, spanning from offshore oil production to electronics polishing to commercial laundries.
  • Despite the inherent fluctuations in industrial needs, Ecolab remains resilient and adaptable, catering to diverse industries with innovative solutions for sustainable operations.
• Long-Term Performance:
  • Ecolab’s resilience and consistency are reflected in its status as a Dividend Aristocrat, with an impressive streak of 32 consecutive years of annual dividend increases.
  • Despite periodic challenges, ECL’s shares have demonstrated long-term growth potential, fueled by its commitment to enhancing shareholder value through consistent dividend growth.
• Recent Dividend Adjustment:
  • In December 2023, Ecolab reaffirmed its dedication to shareholders by announcing an 8% increase in its quarterly dividend to 57 cents per share, reflecting its confidence in its financial performance and long-term prospects.

Ecolab’s enduring commitment to sustainability, coupled with its track record of dividend growth and resilience in navigating industrial fluctuations, positions it as a compelling investment choice for income-oriented investors seeking stability and long-term growth potential. As a distinguished member of the Dividend Aristocrats, ECL continues to nurture sustainability while delivering value to shareholders through consistent dividend increases.

General Dynamics (GD): Defending Dividend Growth with Strategic Excellence

• Consecutive Annual Dividend Increases: 32
  • General Dynamics (GD), a prominent defense contractor, earned its position among the elite list of best dividend stocks for dividend growth in 2017, recognizing its remarkable streak of 32 consecutive years of annual dividend increases.
• Steady Cash Returns:
  • GD’s consistent dividend growth is fueled by generous military spending, underpinning the company’s ability to return value to shareholders for over three decades.
  • The company’s strategic excellence and resilience in the defense sector have contributed to its sustained performance and dividend growth over time.
• Recent Dividend Adjustment:
  • In March 2023, GD reaffirmed its commitment to shareholders by announcing a commendable 4.8% increase in its quarterly dividend to $1.32 per share, reflecting its confidence in its financial strength and growth prospects.
• Financial Strength and Sustainability:
  • With a below-average payout ratio of 34%, GD demonstrates prudent financial management, ensuring sufficient room for future dividend growth while maintaining financial stability and flexibility.

General Dynamics’ legacy of defending dividend growth, coupled with its strategic prowess in the defense sector, positions it as a compelling investment opportunity for income-oriented investors seeking stability and long-term growth potential. As a member of the esteemed list of Dividend Aristocrats, GD continues to uphold its commitment to delivering value to shareholders while safeguarding national security interests through innovative defense solutions.

Chevron (CVX): Sustaining Energy and Dividend Growth

• Consecutive Annual Dividend Increases: 37
  • Chevron (CVX), an integrated oil giant with operations spanning oil, natural gas, and geothermal energy, stands as a beacon of stability and dividend growth, boasting an impressive streak of 37 consecutive years of annual dividend increases.
• Resilient Financial Foundation:
  • CVX holds a prominent position as the sole energy-sector representative among the 30 stocks in the Dow Jones Industrial Average, underscoring its significance in the global energy landscape.
  • Analysts commend Chevron for its robust financial base, characterized by a highly attractive portfolio of assets and a straightforwardly positive risk/reward profile, distinguishing it within its peer group.
• Commitment to Shareholder Returns:
  • CVX’s unwavering commitment to shareholder value is exemplified by its uninterrupted dividend growth over more than three decades.
  • In February 2024, Chevron announced a substantial 7.9% increase in its quarterly dividend to $1.63 per share, reaffirming management’s pledge to protect the payout at all costs.
• Financial Strength and Shareholder Rewards:
  • In 2023, Chevron returned over $26 billion in cash to shareholders, with dividend payments totaling $11.3 billion, representing a 3% increase year-over-year, and share repurchases amounting to $14.9 billion, reflecting a 32% increase compared to 2022.

Chevron’s enduring legacy of energy leadership, coupled with its steadfast commitment to dividend growth and shareholder value, positions it as a compelling investment choice for income-oriented investors seeking stability and long-term growth potential in the energy sector. As a distinguished member of the elite Dividend Aristocrats club, CVX continues to sustain energy and dividend growth while delivering value to shareholders and contributing to global energy security.

T. Rowe Price (TROW): Navigating Growth Amidst Industry Dynamics

• Consecutive Annual Dividend Increases: 38
  • T. Rowe Price (TROW), a leading asset manager, has demonstrated resilience and sustained growth despite industry shifts, maintaining an impressive streak of 38 consecutive years of annual dividend increases.
• Robust Asset Management Portfolio:
  • Despite market challenges posed by the rise of indexed funds, TROW continues to thrive with a substantial and expanding $1.45 trillion in assets under management (AUM).
  • Strong performance from actively managed funds and a strategic focus on the burgeoning retirement market have contributed to the firm’s sustained growth trajectory, enhancing its competitive position within the industry.
• Commitment to Shareholder Value:
  • T. Rowe Price’s steadfast commitment to shareholder value is exemplified by its consistent dividend growth over nearly four decades.
  • In January 2024, TROW announced a 1.6% increase in its dividend payout, reinforcing its dedication to rewarding shareholders and maintaining its status as one of the best dividend stocks.
• Future Outlook:
  • With a proven track record of dividend growth, investors can anticipate T. Rowe Price to continue its impressive streak with a 39th consecutive dividend hike expected next year, underscoring the company’s commitment to long-term value creation.

Despite industry dynamics and evolving market trends, T. Rowe Price remains a resilient and forward-thinking asset manager, poised for continued growth and shareholder value creation. As a trusted steward of investor assets with a longstanding commitment to dividend growth, TROW continues to navigate challenges while capitalizing on opportunities for sustained success in the dynamic landscape of asset management.

McCormick & Co. (MKC): Flavoring Growth with Strategic Acquisitions

• Consecutive Annual Dividend Increases: 38
  • McCormick (MKC), renowned for its production of herbs, spices, and flavorings, has strategically expanded its operations through acquisitions, driving sales growth and bolstering its dividend stability over the years.
• Strategic Acquisitions Driving Growth:
  • MKC’s strategic focus on acquisitions has proven to be fruitful, providing significant support for the company’s sales growth and dividend stability.
  • The successful execution of acquisition strategies underscores McCormick’s commitment to enhancing shareholder value through strategic expansion initiatives.
• Resilient Dividend History:
  • MKC’s dividend track record reflects its resilience and commitment to shareholders, with dividends paid without interruption since 1925 and annual increases for 38 consecutive years.
  • In November 2023, MKC declared a noteworthy 7.7% increase in its quarterly dividend to 42 cents per share, underscoring management’s confidence in the company’s financial strength and growth prospects.
• Financial Strength and Sustainable Growth:
  • With ample free cash flow and a reasonable payout ratio, MKC demonstrates robust financial health, enabling the company to sustain its dividend growth momentum.
  • MKC has achieved a commendable five-year compound annual dividend growth rate of 9%, reflecting its ability to consistently deliver value to shareholders through dividend increases.

McCormick & Co.’s strategic focus on acquisitions, combined with its resilient dividend history and robust financial performance, positions it as a compelling investment opportunity for income-oriented investors seeking stability and long-term growth potential in the consumer goods sector. As a trusted provider of flavoring solutions with a longstanding commitment to dividend growth, MKC continues to flavor growth and deliver value to shareholders amidst evolving market dynamics.

Atmos Energy (ATO)

• Consecutive Annual Dividend Increases: 38
• Profile: Atmos Energy (ATO) is a natural gas distribution and storage company headquartered in Dallas. It serves over 3 million distribution customers across nine states, primarily in Texas and Louisiana.

Analyst Outlook

• Bullish Sentiment: Analysts generally hold a positive outlook on Atmos Energy, citing strong fundamentals and increasing demand for natural gas in the United States.
• Robust Fundamentals: ATO boasts a solid balance sheet and demonstrates potential for above-average earnings growth, further bolstering analyst confidence in the stock.

Dividend Growth

• Consistent Growth: Atmos Energy has a remarkable track record of dividend growth, having increased its dividend for 38 consecutive years.
• Recent Increase: In November 2023, Atmos Energy continued its streak by announcing an 8.9% dividend hike to 80.5 cents per share quarterly, reaffirming its commitment to rewarding shareholders.

Investors looking for stability, long-term growth potential, and a reliable income stream may find Atmos Energy an attractive addition to their dividend-focused portfolios.

Cintas Corporation (CTAS)

• Consecutive Annual Dividend Increases: 40
• Profile: Cintas (CTAS) is renowned for its provision of corporate uniforms, along with a range of complementary services including maintenance supplies, cleaning services, and compliance training.

Economic Indicator

• Indicator of Jobs Growth: Due to its association with corporate uniforms and related services, CTAS is considered by some investors as an indicator of jobs growth. Its performance often reflects changes in hiring trends during economic recoveries.

Dividend Track Record

• Stalwart Dividend Performer: Cintas has established itself as one of the premier dividend stocks, consistently increasing its payout every year since its IPO in 1983.
• Transition to Quarterly Payouts: Notably, in the fiscal year of 2023, Cintas shifted from annual to quarterly dividend distributions, signaling a commitment to more frequent shareholder rewards.
• Recent Dividend Increase: In July 2023, CTAS announced a substantial 17.4% increase in its quarterly dividend to $1.35 per share, reinforcing its dedication to delivering value to shareholders.

Cintas Corporation stands out as a reliable choice for investors seeking stability, dividend growth, and exposure to trends in employment and economic recovery.

Brown-Forman Corporation (BF.B)

• Consecutive Annual Dividend Increases: 40
• Profile: Brown-Forman (BF.B) is globally recognized as one of the leading producers and distributors of alcoholic beverages. Its portfolio includes iconic brands such as Jack Daniel’s Tennessee whiskey and Finlandia vodka, driving sustained long-term growth.

Unique Share Structure

• Limited Voting Rights: Unlike many publicly traded companies, BF.B shares do not carry voting power, as most of the voting-class A shares are controlled by the Brown family.
• Investment Benefits: Despite the lack of voting rights, investors can still participate in the company’s financial gains and dividend payouts.

Dividend Consistency

• Remarkable Track Record: Brown-Forman has a remarkable dividend history, having increased its payout for 40 consecutive years.
• Reliable Dividend Stream: The company has consistently delivered uninterrupted dividends for 80 years, underscoring its commitment to shareholder returns.
• Recent Dividend Increase: In November 2023, Brown-Forman announced a 6% increase in its quarterly dividend to 21.78 cents per share, reaffirming its dedication to enhancing shareholder value.

Investors seeking exposure to the alcohol industry and a reliable income stream backed by a strong dividend history may find Brown-Forman Corporation an appealing addition to their investment portfolios.

Amcor Plc (AMCR)

• Consecutive Annual Dividend Increases: 40
• Profile: Amcor (AMCR) specializes in the design, manufacturing, and distribution of diverse packaging products across multiple industries, including food, beverage, pharmaceutical, medical, and home and personal care.

Reliable Income Source

• Stability in Boredom: While Amcor may seem mundane to some, its consistent performance makes it an attractive option for investors seeking reliable income.
• Inclusion in Dividend Lists: Amcor earned its spot on the list of dividend stocks with consistent payout increases following its acquisition of Bemis in June 2020. Bemis, having previously fallen out of the S&P 500 Index and the Dividend Aristocrats list in 2014, regained its status through its merger with Amcor.

Dividend Growth

• Recent Dividend Increase: In November 2023, Amcor raised its dividend by 2.1% to 12.25 cents per share quarterly, maintaining its streak of annual dividend hikes.
• Financial Strength: Ample free cash flow and a reasonable payout ratio provide a solid foundation for sustained dividend growth in the future.

Despite its unassuming nature, Amcor’s track record of consistent dividend growth and its essential role in various industries make it an appealing choice for income-focused investors seeking stability and reliability in their portfolios.

Exxon Mobil Corporation (XOM)

• Consecutive Annual Dividend Increases: 41
• Profile: Exxon Mobil (XOM) stands as one of the largest energy companies globally and holds the title of the largest oil company by market value in the United States. Despite being removed from the Dow Jones Industrial Average in August 2020, Exxon Mobil maintains its position as a dividend stalwart.

Dividend Resilience

• Uninterrupted Payouts: Exxon Mobil and its predecessors have consistently delivered dividends since 1882, showcasing a remarkable commitment to shareholder returns.
• Stability Amid Challenges: Despite the pandemic-induced crash in oil prices, Exxon Mobil refrained from cutting or suspending its dividend, highlighting its resilience in navigating turbulent market conditions.

Dividend Growth

• Temporary Pause: While Exxon Mobil temporarily paused its dividend growth amid the COVID-19 crisis in 2020, it maintained its streak of consecutive annual dividend increases.
• Reassuring Investors: Membership in the Dividend Aristocrats is contingent on consecutive annual dividend increases. A 3.4% increase in October 2022 ensured that Exxon Mobil remained in this prestigious club.
• Recent Increase: In October 2023, Exxon Mobil extended its streak by raising its dividend for the 41st consecutive year, marking a 4% increase to 95 cents per share quarterly.

Despite facing challenges in the energy sector, Exxon Mobil’s enduring commitment to dividend growth and its ability to weather market downturns make it an attractive choice for income-focused investors seeking stability and long-term returns.

Air Products & Chemicals (APD)

• Consecutive Annual Dividend Increases: 42
• Profile: Air Products & Chemicals (APD) underwent significant restructuring in the early 2020s, streamlining its operations by divesting non-core assets such as its Electronic Materials division and Performance Materials business. Founded in 1940, APD now focuses on its core industrial gases business.

Financial Restructuring

• Strategic Streamlining: APD’s restructuring efforts involved divesting non-core divisions to refocus on its legacy industrial gases business.
• Dividend Commitment: Despite restructuring, APD remains steadfast in its commitment to shareholders, consistently increasing its dividend for 42 consecutive years.

Dividend Growth

• Annual Improvement: APD has a long-standing tradition of annually improving its dividend payout for over four decades.
• Recent Increase: In January 2024, APD continued its streak by announcing a 1.1% increase in its dividend to $1.77 per share, reaffirming its dedication to shareholder value.
• Capital Allocation Strategy: CEO Seifi Ghasemi emphasizes a balanced approach to capital allocation, highlighting the company’s commitment to meeting its capital needs while maintaining strong credit ratings.

Air Products & Chemicals’ enduring track record of dividend growth, coupled with its strategic restructuring efforts and commitment to financial stability, positions it as an attractive option for income-seeking investors seeking both reliability and growth in their portfolios.

Aflac Incorporated (AFL)

• Consecutive Annual Dividend Increases: 42
• Profile: Aflac (AFL) is a leading supplemental insurance company, recognized for its iconic Aflac duck mascot. Established in 1955, Aflac offers a range of workplace insurance products, including accident, short-term disability, and life insurance.

Resilience Amid Challenges

• Pandemic Resilience: Despite challenges posed by the COVID-19 pandemic to the insurance industry, AFL stock rebounded to pre-crash levels by early 2021, reflecting market confidence in its dividend stability.
• Conservative Payout Ratio: AFL maintains a conservative payout ratio, contributing to investor confidence in the sustainability of its dividends.

Dividend Growth and Share Buybacks

• Four Decades of Growth: Aflac has a strong track record of dividend growth, spanning over four decades, underscoring its commitment to rewarding shareholders.
• Recent Increase: In November 2023, Aflac raised its quarterly dividend by an impressive 19% to 50 cents per share, further enhancing its reputation as a reliable dividend payer.
• Share Repurchase Program: In addition to dividend increases, Aflac actively engages in share buybacks, further enhancing shareholder value.

Aflac’s enduring commitment to dividend growth, coupled with its resilience in the face of challenges and strategic initiatives such as share buybacks, positions it as an attractive choice for income-oriented investors seeking stability and long-term growth in their portfolios.

Franklin Resources, Inc. (BEN)

• Consecutive Annual Dividend Increases: 43
• Profile: Franklin Resources (BEN), also known as Franklin Templeton Investments along with its subsidiaries, is a global investment firm managing $1.4 trillion in assets. Renowned for its bond funds and diverse investment offerings, Franklin Resources is one of the largest investment firms worldwide.

Adapting to Market Trends

• Transition to Passive Investments: In response to changing investor preferences favoring indexed investments over traditional stock pickers, Franklin has introduced its suite of passive exchange-traded funds (ETFs), demonstrating its commitment to adapt to market trends.

Dividend Consistency

• Long-Standing Dividend Growth: Franklin Resources has a remarkable history of dividend growth, having increased its dividend annually since 1981, marking 43 consecutive years of dividend hikes.
• Recent Increase: In December 2023, Franklin Resources announced a 3.3% increase in its quarterly dividend to 31 cents per share, reinforcing its status as a reliable income provider for investors.

Investment Appeal

• Global Asset Management: With a significant presence in the global investment landscape and a diverse range of investment offerings, Franklin Resources remains an attractive choice for income-oriented investors seeking stability and growth.
• Commitment to Shareholder Value: Franklin’s continued focus on shareholder value, exemplified by its consistent dividend growth and strategic initiatives, positions it favorably among the best dividend stocks.

Franklin Resources’ enduring commitment to dividend growth, coupled with its ability to adapt to evolving market dynamics, solidifies its position as a premier choice for income-focused investors seeking stability and long-term returns in their portfolios.

Sherwin-Williams Company (SHW)

• Consecutive Annual Dividend Increases: 45
• Profile: Sherwin-Williams (SHW) stands as one of the largest paints, coatings, and home-improvement companies globally, following its acquisition of Valspar in 2017.

Strength in Dividend Growth

• Steady Dividend Growth: With a track record dating back to 1979, Sherwin-Williams has consistently increased its dividend payout for 45 consecutive years.
• Reliable Income Stream: Income investors can rely on Sherwin-Williams’ steady and rising dividend stream, underpinned by its commitment to shareholder returns.

Recent Dividend Increase

• Significant Hike: In February 2024, Sherwin-Williams announced an impressive 18.2% increase in its quarterly dividend to 71.5 cents per share, highlighting its confidence in sustained growth and profitability.
• Commitment to Shareholder Value: The recent dividend hike reaffirms Sherwin-Williams’ dedication to enhancing shareholder value through consistent dividend growth.

Sherwin-Williams’ extensive history of dividend increases, coupled with its robust position in the paints and coatings industry, solidifies its status as a top choice for income-oriented investors seeking stability and long-term growth in their portfolios.

Clorox Company (CLX)

• Consecutive Annual Dividend Increases: 46
• Profile: Clorox (CLX) is a consumer staples giant renowned for its household brands, including Clorox bleaches and cleansers, Glad trash bags, and Hidden Valley salad dressing.

Defensive Investment

• Stable and Defensive: Clorox is recognized for its defensive nature, prioritizing stability and dividends over long-term total returns.
• Dependable Dividend Growth: Despite modest total returns, Clorox has consistently raised its annual dividend for over four decades, reflecting its commitment to shareholders.

Dividend Consistency

• Long-Standing Tradition: Clorox has a robust history of dividend increases, spanning 46 consecutive years.
• Recent Increase: In July 2023, Clorox announced a 1.7% increase in its quarterly dividend to $1.20 per share, demonstrating its dedication to sustaining and growing shareholder income.
• Financial Strength: CLX maintains a reasonable payout ratio and generates ample free cash flow, providing a solid foundation for continued dividend growth.

Clorox’s enduring commitment to dividend growth, coupled with its defensive business model and financial strength, positions it as a reliable choice for income-oriented investors seeking stability and consistent returns in their portfolios.

Medtronic plc (MDT)

• Consecutive Annual Dividend Increases: 46
• Profile: Medtronic (MDT) stands as one of the world’s largest manufacturers of medical devices, renowned for its wide range of innovative products used in healthcare settings globally.

Dividend Growth

• Consistent Increases: Medtronic has a remarkable history of consistently increasing its quarterly dividend payout, showcasing its commitment to providing income to shareholders.
• Impressive Growth Rates: Over the past 5 years, Medtronic’s dividend per share has grown by 38%, and over the past decade, it has increased by 146%, reflecting strong and sustained dividend growth.
• Compound Annual Growth Rate: With a compound annual growth rate of 16% over the past 46 years, Medtronic has consistently delivered significant returns to its shareholders through dividend growth.

Financial Strength and Shareholder Returns

• Generous Cash Returns: In fiscal 2023, Medtronic returned $4 billion in cash to shareholders, underscoring its commitment to rewarding investors.
• Free Cash Flow Allocation: Medtronic has pledged to return a minimum of 50% of its free cash flow to shareholders, primarily through dividends, ensuring consistent and reliable income for investors.

Global Presence and Product Ubiquity

• Widespread Reach: Medtronic’s products are ubiquitous in healthcare facilities worldwide, with a presence in over 160 countries.
• Product Innovation: With more than 47,000 patents covering a wide range of medical devices, Medtronic continues to drive innovation in healthcare and maintain its leadership position in the industry.

Medtronic’s enduring commitment to dividend growth, coupled with its financial strength, global presence, and innovative product portfolio, positions it as a compelling choice for income-oriented investors seeking stability and long-term growth in their portfolios.

cDonald’s Corporation (MCD)

• Consecutive Annual Dividend Increases: 47
• Profile: McDonald’s (MCD) stands as the world’s largest hamburger chain, renowned for its iconic brand and global presence in the fast-food industry.

Dividend Stalwart

• Long-Standing Tradition: McDonald’s boasts an impressive dividend history dating back to 1976, with consistent annual increases for 47 consecutive years.
• Adaptability: Despite changing consumer tastes and market dynamics, McDonald’s has demonstrated resilience and adaptability, retaining its core while adjusting to evolving consumer preferences.

Recent Dividend Growth

• 47th Consecutive Increase: In October 2023, McDonald’s announced its 47th consecutive annual dividend increase, raising its quarterly payout by 10% to $1.67 per share.
• Compound Annual Growth Rate (CAGR): McDonald’s exhibits strong dividend growth, with a 10-year compound annual growth rate (CAGR) of 7% and an impressive 20-year CAGR exceeding 17%.

Financial Strength

• Stable and Growing: McDonald’s consistent dividend growth reflects its financial stability and long-term growth prospects.
• Global Presence: With a widespread global presence, McDonald’s remains a dominant force in the fast-food industry, providing a solid foundation for continued dividend growth and shareholder value.

McDonald’s Corporation’s enduring commitment to dividend increases, coupled with its adaptability, financial strength, and global brand recognition, solidifies its status as a premier choice for income-oriented investors seeking stability and growth in their portfolios.

Pentair (PNR): A Pillar of Dividend Stability

• Consecutive Annual Dividend Increases: 48

Pentair, a U.K.-based water-treatment company renowned for its divisions including Flow Technologies, Filtration & Process, and Aquatic & Environmental Systems, has established itself as a stalwart in the realm of dividend growth.

Acquisition Strategies:

• Pentair has consistently pursued expansion opportunities to augment its capabilities. Noteworthy acquisitions include Rocean, a countertop filtration systems manufacturer for residential use, in early January 2021. This acquisition followed the 2019 purchase of Aquion for $160 million in cash, showcasing Pentair’s commitment to strategic growth.

Dividend Growth Record:

• Demonstrating unwavering commitment to shareholders, Pentair has consecutively increased its dividend for an impressive 48 years.
• In December 2023, Pentair announced yet another dividend increase of 4.5%, raising the quarterly dividend to 23 cents per share.

Financial Strength and Stability:

• Pentair’s prudent management is evidenced by its modest payout ratio and consistently robust free cash flow.
• These financial fundamentals underpin Pentair’s position as one of the premier choices for dividend-seeking investors.

Pentair’s enduring track record of dividend growth, coupled with its strategic acquisitions and financial stability, solidifies its status as a cornerstone investment in the dividend stock universe.

Automatic Data Processing (ADP): Leading the Payroll Processing Industry

• Consecutive Annual Dividend Increases: 49

Automatic Data Processing (ADP) stands as the global leader in payroll processing, catering to nearly 40 million employees and serving over 1 million clients spanning 140 countries.

Unrivaled Stickiness:

• ADP enjoys a significant competitive advantage due to the complexity and costliness associated with changing payroll service providers. This “stickiness” ensures a steady stream of income and cash flow, bolstering ADP’s financial stability.

Dependable Dividend Payer:

• ADP has upheld its reputation as a dependable dividend payer, consistently rewarding shareholders with annual increases since 1975.
• In November 2023, ADP announced its latest dividend hike, raising the quarterly payout by an impressive 12% to $1.40 per share.

Steady Growth and Performance:

• With a 10-year compound annual dividend growth rate exceeding 9%, ADP demonstrates its commitment to delivering value to shareholders through consistent dividend growth.
• Through both favorable and challenging economic environments, ADP’s resilient performance underscores its status as a reliable investment choice in the payroll processing sector.

ADP’s enduring legacy of dividend increases, coupled with its market leadership and steadfast financial performance, solidifies its position as a cornerstone investment for income-focused investors seeking stability and growth.

Lowe’s (LOW): The Unsung Champion of Dividend Growth

• Consecutive Annual Dividend Increases: 49

While Home Depot (HD) often takes the spotlight in the home improvement retail sector, Lowe’s (LOW) shines as the true star of dividend growth.

Steadfast Dividend History:

• Since its initial public offering in 1961, Lowe’s has consistently delivered quarterly cash distributions to shareholders, showcasing its unwavering commitment to dividends.
• With an impressive streak of annual dividend increases spanning nearly half a century, Lowe’s exemplifies stability and reliability in dividend payouts.

Recent Dividend Increase:

• In May 2023, Lowe’s continued its tradition of dividend growth by raising its quarterly payout by 5% to $1.10 per share, further cementing its status as a top choice for income-focused investors.

Comparative Advantage:

• While Home Depot is also recognized for its dividend payments, Lowe’s boasts a longer history of consecutive dividend increases, dating back to 1975.
• This extensive track record underscores Lowe’s position as a premier dividend growth stock in the home improvement retail industry.

Despite Home Depot’s prominence, Lowe’s distinguishes itself as the superior dividend grower, offering investors a compelling combination of stability, growth, and a rich dividend history that spans decades.

Consolidated Edison (ED): Powering Dividend Growth for Half a Century

• Consecutive Annual Dividend Increases: 50

Consolidated Edison (ED) stands as the premier utility company in New York State, boasting a rich history dating back to 1823. With a customer base of approximately 3.5 million in New York City and Westchester County, ConEd provides essential electric, gas, and steam services to its communities.

Leading in Renewable Energy:

• Beyond its core utility services, ConEd is at the forefront of sustainable energy initiatives. As North America’s second-largest solar power provider, the company is actively investing in electric vehicle charging programs and other green energy ventures, demonstrating its commitment to environmental stewardship.

Stability Amid Regulation:

• Operating within a highly regulated industry, ConEd benefits from a stable revenue stream characterized by limited direct competition. While growth opportunities may be constrained, the company’s consistent performance ensures reliable returns for investors.

Unwavering Dividend Growth:

• As a longtime member of the Dividend Aristocrats, ConEd has raised its annual distribution without fail for an impressive five decades. This track record underscores the company’s dedication to delivering value to shareholders through consistent dividend growth.

Forward-Looking Strategy:

• In January 2024, ConEd announced a 2.5% increase in its quarterly payout to 83 cents per share, reinforcing its commitment to shareholder returns. Additionally, the company unveiled a new dividend target payout ratio, reflecting its anticipation of higher levels of future capital investment and associated funding needs.

With a legacy of reliability, a commitment to sustainability, and a steadfast focus on shareholder value, Consolidated Edison continues to illuminate the path for dividend growth investors, setting the standard for excellence in the utility sector.

Walmart (WMT): Delivering Consistent Dividend Growth

• Consecutive Annual Dividend Increases: 51

As the world’s largest company by revenue, Walmart (WMT) may not offer the highest dividend yield, but its commitment to consistency is unparalleled.

Steady Dividend Growth:

• Walmart’s quarterly dividend had seen incremental increases since 2014, typically in the range of pennies per share. However, in February 2024, the company made a significant 9% adjustment to its dividend, raising it to 83 cents per share on a post three-for-one stock split basis.
• CFO John David Rainey emphasized the company’s confidence in its growth potential and cash flow, highlighting the dividend increase as the largest in over a decade.

Continuous Capital Returns:

• Walmart maintains a diversified capital returns approach, with dividends playing a crucial role. Shareholders can rely on the company’s commitment to ongoing dividend increases, reflecting its robust financial position and growth outlook.

Cash Flow Powerhouse:

• Operating approximately 11,400 stores and e-commerce websites across 26 countries, Walmart is a formidable cash-generating machine.
• With an average annual levered free cash flow exceeding $13 billion over the past five years, Walmart demonstrates its ability to sustainably fund dividend growth initiatives while investing in future growth opportunities.

Walmart’s exceptional track record of dividend growth, coupled with its strong cash flow generation and strategic vision, solidifies its position as a cornerstone investment for income-focused investors seeking reliability and long-term value.

Archer-Daniels-Midland (ADM): Nourishing Dividend Growth for Over Nine Decades

• Consecutive Annual Dividend Increases: 51

Archer-Daniels-Midland (ADM) stands as a global leader in processing ingredients for food and feed, alongside its robust commodity trading business. With a presence in over 200 countries and more than 800 facilities worldwide, ADM is a true agricultural powerhouse.

Global Reach and Diverse Operations:

• ADM’s extensive reach spans the globe, serving customers in 200 countries through a diverse portfolio of products and services, including corn sweeteners, starches, and emulsifiers like lecithin.
• The company’s commodity trading arm further enhances its global footprint, contributing to its resilience and competitive advantage in the market.

Unrivaled Dividend Legacy:

• With an uninterrupted history of dividend payments spanning over 92 years, ADM exemplifies reliability and steadfast commitment to shareholder value.
• In January 2024, ADM continued its tradition of dividend growth by announcing an 11.1% increase in the quarterly payout to 50 cents per share, extending its remarkable streak of annual dividend raises to 51 years.

Sustainable Growth and Performance:

• ADM’s consistent dividend increases reflect its strong financial performance and strategic focus on sustainable growth.
• The company’s ability to adapt to changing market dynamics while maintaining its dividend growth trajectory underscores its resilience and long-term value proposition for investors.

ADM’s enduring legacy of dividend growth, coupled with its global presence, diverse operations, and strong financial performance, solidifies its position as a premier investment choice in the agricultural industry, offering investors stability, growth, and income generation for years to come.

S&P Global (SPGI): Empowering Dividend Growth with Financial Analytics

• Consecutive Annual Dividend Increases: 51

Formerly known as McGraw Hill Financial, S&P Global (SPGI) is renowned for its diverse portfolio of financial analytics, information services, and research offerings. As the parent company of S&P Global Ratings, S&P Global Market Intelligence, and S&P Global Platts, SPGI plays a pivotal role in shaping the global financial landscape.

Cornerstone of Financial Markets:

• While S&P Global is recognized for its majority stake in S&P Dow Jones Indices, which oversees benchmark indices like the S&P 500 and the Dow Jones Industrial Average, the company’s influence extends far beyond index management. SPGI is a central player in corporate and financial analytics, providing critical insights and research to investors worldwide.

Storied Dividend Legacy:

• With a dividend payout history dating back to 1937, S&P Global has demonstrated unwavering commitment to shareholders for over eight decades.
• In January 2024, SPGI continued its streak of annual dividend increases by raising its quarterly payout by 1.1% to 91 cents per share, reaffirming its status as a reliable dividend growth stock.

Robust Free Cash Flow Generation:

• Despite disbursing $1.1 billion in dividends, S&P Global remains a formidable generator of free cash flow, with $3.5 billion generated for the 12 months ending September 30, 2023.
• This strong cash flow position underscores SPGI’s ability to sustain dividend growth initiatives while investing in future growth opportunities.

S&P Global’s enduring commitment to dividend growth, coupled with its pivotal role in financial markets and robust free cash flow generation, positions it as a premier choice for income-focused investors seeking stability and long-term value in the ever-evolving world of finance.

Nucor (NUE): Forging a Legacy of Dividend Growth

• Consecutive Annual Dividend Increases: 51

Nucor (NUE) stands tall as the largest steelmaker in the United States, renowned not only for its steel production prowess but also for its steadfast commitment to dividend growth.

A Legacy of Stability:

• With an unparalleled track record of dividend increases spanning 51 consecutive years, Nucor exemplifies stability and reliability in dividend payouts. Since initiating dividend payments in 1973, Nucor has remained dedicated to rewarding shareholders with consistent growth.

Recent Dividend Increase:

• In December 2023, Nucor continued its tradition of dividend growth by raising its quarterly disbursement by 5.9% to 53 cents per share. This latest increase reaffirms Nucor’s position as one of the premier dividend stocks in the market.

Cash Returns to Shareholders:

• Nucor’s commitment to shareholder value extends beyond its dividend growth record. The company consistently returns approximately $500 million in cash to shareholders through dividends each year, underscoring its commitment to providing value to investors.

Nucor’s enduring commitment to dividend growth, coupled with its leadership position in the steel industry and robust cash returns to shareholders, solidifies its status as a cornerstone investment for income-focused investors seeking stability and long-term growth potential.

PepsiCo (PEP): Sustaining Dividend Growth Amid Shifting Trends

• Consecutive Annual Dividend Increases: 52

PepsiCo (PEP) stands resilient amidst changing consumer preferences, leveraging its diversified product portfolio and strong business fundamentals to maintain its impressive streak of dividend growth.

Adapting to Market Dynamics:

• Despite previous concerns regarding declining sales of carbonated beverages, PepsiCo’s strategic agility and market insights have allowed it to navigate shifting trends successfully. Market projections indicate continued growth in the global fizzy drinks market, bolstering PepsiCo’s core business.

Snack Business Dominance:

• PepsiCo’s Frito-Lay division, renowned for brands like Doritos, Tostitos, and Rold Gold pretzels, remains a cornerstone of its success. The sustained demand for salty snacks underscores the division’s resilience and contributes to PepsiCo’s overall stability.

Robust Bottom Line:

• PepsiCo’s fundamentally strong business model serves as the foundation for its dividend growth streak. The company’s 52nd consecutive annual dividend increase, declared in February 2024, reflects its confidence in future performance.
• With a substantial 10% increase in the annualized dividend to $5.42 per share, PepsiCo reaffirms its commitment to delivering value to shareholders.

PepsiCo’s ability to anticipate market trends, capitalize on evolving consumer preferences, and maintain a strong dividend growth trajectory positions it as a reliable choice for income-focused investors seeking stability and growth in their portfolios.

Kimberly-Clark (KMB): Nurturing Dividend Growth with Trusted Brands

• Consecutive Annual Dividend Increases: 52

Kimberly-Clark (KMB) stands as a leading provider of essential consumer products, including Huggies diapers, Scott paper towels, and Kleenex tissues, renowned for their quality and reliability. With a steadfast commitment to dividend growth, Kimberly-Clark offers investors a compelling combination of slow but steady growth and consistent dividend returns.

Trusted Brands for Everyday Needs:

• KMB’s portfolio of well-known brands caters to essential needs, ensuring a steady demand even in uncertain times. From baby care to household essentials, Kimberly-Clark products are trusted by consumers worldwide, underpinning the company’s resilience and stability.

Long-Standing Dividend Growth:

• Kimberly-Clark has a remarkable track record of dividend increases, with 52 consecutive years of annual payout growth. This commitment to shareholders reflects the company’s strong financial performance and unwavering dedication to delivering value over the long term.

Recent Dividend Increase:

• In January 2024, Kimberly-Clark’s board of directors approved a 3.4% increase in the quarterly dividend to $1.22 per share, signaling confidence in the company’s future prospects and cash flow generation capabilities.

Robust Free Cash Flow Generation:

• Despite paying out a total of $1.6 billion in dividends, Kimberly-Clark generated $2.4 billion in levered free cash flow for the 12 months ending December 31, 2023. This underscores the company’s ability to sustain dividend growth while maintaining financial strength.

Kimberly-Clark’s enduring commitment to dividend growth, coupled with its portfolio of trusted brands and robust cash flow generation, solidifies its position as a reliable investment choice for income-focused investors seeking stability and long-term value in their portfolios.

Abbott Laboratories (ABT): Pioneering Healthcare Innovation and Dividend Growth

• Consecutive Annual Dividend Increases: 52

Abbott Laboratories (ABT) stands at the forefront of healthcare innovation, manufacturing a diverse range of essential healthcare goods, including branded generic drugs, medical devices, nutrition, and diagnostic products. With a rich history dating back to 1888, Abbott Laboratories has earned a reputation for excellence and reliability in both its products and its dividend growth.

Diverse Portfolio of Healthcare Solutions:

• Abbott’s portfolio encompasses a wide array of healthcare products, addressing various medical needs from infant nutrition with Similac formulas to diabetes management with Glucerna products, and diagnostic solutions such as i-Stat devices. This diversified product offering ensures resilience and stability across different segments of the healthcare industry.

Legacy of Dividend Growth:

• With an unbroken streak of dividend increases spanning more than half a century, Abbott Laboratories has demonstrated its steadfast commitment to delivering value to shareholders. The company initiated dividend payments in 1924, solidifying its status as a reliable dividend payer with a long-lived tradition of growth.

Recent Payout Increase:

• In December 2023, Abbott Labs announced a substantial 7.8% increase in its quarterly dividend to 55 cents per share, reflecting the company’s confidence in its financial strength and future growth prospects.

Abbott Laboratories’ enduring legacy of healthcare innovation, coupled with its unwavering dedication to dividend growth, positions it as a premier investment choice for income-focused investors seeking stability, growth, and long-term value in the dynamic healthcare sector.

Becton Dickinson (BDX): Pioneering Healthcare Solutions with a Legacy of Dividend Growth

• Consecutive Annual Dividend Increases: 52

Becton Dickinson (BDX) has established itself as a leading medical devices maker through strategic acquisitions and a commitment to innovation. With a history of consecutive annual dividend increases spanning over half a century, BDX exemplifies stability, growth, and shareholder value.

Strategic Acquisitions for Portfolio Diversification:

• BDX’s strategic acquisitions, including CareFusion in 2015 and C.R. Bard in 2017, have significantly enhanced its product portfolio and market position. These acquisitions have allowed BDX to offer a diversified range of medical products, catering to various healthcare needs, from treatments for infectious diseases to advanced medical devices.

Financial Strength and Free Cash Flow:

• The successful integration of acquired companies has strengthened BDX’s financial position, enabling it to generate ample free cash flow to support continued dividend growth. This financial stability underscores BDX’s ability to reward shareholders while investing in future growth initiatives.

Recent Dividend Increase:

• In November 2023, BDX raised its quarterly dividend by 4.4% to 95 cents per share, reflecting its confidence in its financial performance and long-term growth prospects. This increase marks another milestone in BDX’s impressive track record of dividend growth.

BDX’s dedication to innovation, strategic acquisitions, and shareholder value, coupled with its legacy of dividend growth, solidify its position as a premier investment choice in the healthcare sector. As healthcare needs evolve, BDX remains committed to pioneering solutions and delivering value to shareholders for years to come.

AbbVie (ABBV): Pioneering Pharmaceutical Innovations with Uninterrupted Dividend Growth

• Consecutive Annual Dividend Increases: 52

AbbVie (ABBV) stands as a leading pharmaceutical company, renowned for its commitment to innovation and unwavering dividend growth. Spun off from Abbott Laboratories in 2013, AbbVie has continued its legacy of dividend increases for 52 consecutive years, demonstrating resilience and stability in the pharmaceutical industry.

Pharmaceutical Pioneers:

• AbbVie is at the forefront of pharmaceutical innovation, with a diverse portfolio of treatments addressing critical medical needs. Notably, its best-selling drug, Humira, is approved for various ailments and is on track to become one of the best-selling drugs of all time. Additionally, AbbVie produces cancer drug Imbruvica and testosterone replacement therapy AndroGel, further showcasing its commitment to advancing healthcare.

Long-Standing Dividend Growth:

• AbbVie’s uninterrupted streak of dividend increases reflects its strong financial performance and dedication to delivering value to shareholders. The company’s commitment to dividend growth dates back to its time as part of Abbott Laboratories and continues as an independent entity, underscoring its stability and reliability as a dividend stock.

Recent Dividend Increase:

• In October 2023, AbbVie declared a 4.7% increase in its quarterly dividend to $1.55 per share, signaling confidence in its financial health and future growth prospects. This latest hike reinforces AbbVie’s position as a top choice for income-focused investors seeking stability and long-term value in the pharmaceutical sector.

AbbVie’s relentless pursuit of pharmaceutical innovation, coupled with its enduring commitment to dividend growth, solidifies its position as a premier investment opportunity in the healthcare industry. As AbbVie continues to pioneer breakthrough treatments, investors can trust in its track record of delivering value through consistent dividend growth.

Illinois Tool Works (ITW): Engineering Excellence and Decades of Dividend Growth

• Consecutive Annual Dividend Increases: 52 (58 excluding government controls in 1971)

Illinois Tool Works (ITW), established in 1912, has built a legacy of engineering excellence, manufacturing a diverse range of products spanning construction materials, automotive components, restaurant equipment, and more. With a commitment to innovation and shareholder value, ITW has maintained an impressive streak of dividend increases for over half a century.

Diverse Product Portfolio:

• ITW’s extensive product portfolio encompasses a wide array of industries, including construction, automotive, and food service. From its namesake brand to subsidiaries such as Foster Refrigerators and ACME Packaging Systems, ITW delivers quality solutions tailored to diverse market needs.

Longstanding Dividend Growth Record:

• ITW’s track record of 52 consecutive years of dividend increases highlights its unwavering dedication to shareholder value. Notably, excluding a brief period of government controls in 1971, ITW’s streak would extend to an impressive 58 years, underscoring its consistency and resilience.

Recent Dividend Increase:

• In August 2023, ITW announced a robust 6.9% increase in its quarterly dividend to $1.40 per share, marking yet another milestone in its dividend growth journey. This increase reflects the company’s confidence in its financial strength and long-term growth prospects.

Share Repurchase Program:

• Additionally, ITW’s approval of a new share repurchase program further demonstrates its commitment to enhancing shareholder value. With authorization to repurchase up to $5 billion of common stock, ITW reaffirms its focus on capital allocation strategies aimed at maximizing shareholder returns.

ITW’s legacy of engineering excellence, coupled with its consistent dividend growth and strategic capital allocation initiatives, positions it as a compelling investment opportunity for income-focused investors seeking stability and long-term value in the industrial sector. As ITW continues to innovate and evolve, investors can rely on its enduring commitment to delivering shareholder value.

PPG Industries (PPG): Painting a Picture of Consistent Dividend Growth

• Consecutive Annual Dividend Increases: 52

PPG Industries (PPG) is a global leader in coatings and paints, serving diverse industries such as aerospace, architecture, automotive, and packaging. With a rich history dating back to 1899, PPG has established itself as a pillar of stability and reliability, exemplified by its impressive streak of 52 consecutive years of dividend increases.

Diverse Industry Presence:

• PPG’s coatings and paints are integral components across various sectors, ranging from aerospace and automotive to architecture and packaging. Its widespread operations, spanning more than 50 countries and employing approximately 47,000 people, underscore its global footprint and diversified revenue streams.

Long-Standing Dividend Growth Record:

• PPG’s track record of dividend increases dates back to 1969, reflecting its steadfast commitment to rewarding shareholders. With an uninterrupted history of dividend payments since 1899, PPG’s consistent dividend growth underscores its financial strength and disciplined capital allocation strategies.

Healthy Financial Fundamentals:

• Despite its extensive dividend history, PPG maintains a below-average payout ratio, indicating ample room for future dividend growth. Coupled with a solid outlook for long-term earnings growth, PPG is well-positioned to sustain its dividend increases in the years to come.

Recent Dividend Increase:

• In July 2023, PPG announced a 4.8% increase in its quarterly distribution to 65 cents per share, reaffirming its commitment to delivering value to shareholders. This latest raise reflects PPG’s confidence in its financial performance and long-term growth prospects.

PPG Industries’ longstanding presence in the coatings and paints industry, coupled with its consistent dividend growth and robust financial fundamentals, solidifies its position as a premier investment choice for income-focused investors seeking stability and long-term value. As PPG continues to innovate and expand its global footprint, investors can trust in its track record of delivering shareholder returns through dividends.

Target (TGT): Hitting the Mark with Consistent Dividend Growth

• Consecutive Annual Dividend Increases: 52

Target (TGT), a prominent discount retail chain, has established itself as a dividend powerhouse, with a remarkable track record of consecutive annual dividend increases spanning over five decades. Despite being second to Walmart in terms of revenue, Target takes the lead in dividend consistency and growth.

Pioneering Dividend History:

• Target’s dividend legacy dates back to 1967, setting it ahead of competitors like Walmart. Since 1972, Target has raised its dividend payout annually, reflecting its commitment to delivering value to shareholders through consistent income growth.

Recent Dividend Increase:

• In June 2023, Target announced a 1.9% increase in its quarterly dividend to $1.10 per share, signaling its confidence in financial stability and future growth prospects. This hike underscores Target’s commitment to sustaining its impressive dividend growth streak.

Financial Strength and Growth Potential:

• Target maintains a well-below-average payout ratio, indicating ample room for future dividend growth. With a solid financial foundation and a focus on strategic initiatives, Target is poised to continue delivering value to income investors through dividend increases.

Historical Dividend Growth:

• Over the past decade, Target has demonstrated robust dividend growth, boasting a compound annual growth rate of nearly 12%. This consistent growth trajectory highlights Target’s ability to generate shareholder value through dividends.

Target’s unwavering commitment to dividend growth, coupled with its strong financial position and historical performance, solidifies its position as a top choice for income-focused investors seeking stability and long-term value. As Target continues to innovate and expand its market presence, investors can rely on its track record of hitting the mark with dividend growth.

W.W. Grainger (GWW): Engineering Dividend Growth and Operational Excellence

• Consecutive Annual Dividend Increases: 53

W.W. Grainger (GWW) stands as a leader in industrial equipment and tools, providing essential services such as inventory management to companies worldwide. With a steadfast commitment to operational excellence and shareholder value, Grainger has achieved an impressive streak of 53 consecutive years of dividend increases.

Diverse Business Model:

• In addition to selling industrial equipment and tools, Grainger offers a range of services aimed at helping companies efficiently manage their inventory. This diversified business model positions Grainger for steady, if not spectacular, sales growth in the coming years.

Half a Century of Dividend Growth:

• Grainger’s dividend growth legacy spans over 50 years, reflecting its dedication to delivering consistent returns to shareholders. With a below-average payout ratio, Grainger has the financial flexibility to continue its dividend growth trajectory while investing in future growth opportunities.

Recent Dividend Increase:

• In April 2024, Grainger reaffirmed its status as a Dividend Aristocrat by announcing a substantial 10% increase in its quarterly dividend to $2.05 per share. This increase underscores Grainger’s confidence in its financial strength and long-term growth prospects, solidifying its position as a top dividend stock.

Share Repurchase Program:

• Additionally, Grainger’s approval of a share repurchase program further demonstrates its commitment to enhancing shareholder value. With authorization to repurchase up to 5 million shares of common stock, Grainger reaffirms its focus on capital allocation strategies aimed at maximizing shareholder returns.

Grainger’s relentless pursuit of operational excellence, coupled with its long-standing dividend growth record and strategic capital allocation initiatives, positions it as a premier investment choice for income-focused investors seeking stability and long-term value in the industrial sector. As Grainger continues to innovate and expand its market presence, investors can trust in its track record of delivering shareholder returns through dividends and share repurchases.

Sysco (SYY): Nourishing Dividend Growth Through Resilience and Scale

• Consecutive Annual Dividend Increases: 55

Sysco (SYY) has emerged as a food services and supply giant through years of strategic acquisitions, establishing itself as a cornerstone of the industry. Despite facing challenges such as the pandemic-induced closure of food-service venues, Sysco’s resilience and scale have enabled it to maintain its impressive streak of 55 consecutive years of dividend increases.

Resilience During Challenging Times:

• Sysco’s scale and robust infrastructure proved invaluable during the pandemic, allowing the company to navigate disruptions in the food-service industry effectively. Despite the unprecedented challenges, Sysco remained committed to delivering value to shareholders through uninterrupted dividend growth.

Strategic Acquisitions for Growth:

• Years of strategic acquisitions have played a pivotal role in Sysco’s evolution into a food services and supply giant. These acquisitions have not only expanded Sysco’s market reach but also contributed to its resilience and ability to weather industry challenges.

Recent Dividend Increase:

• In April 2024, Sysco continued its tradition of dividend growth by announcing a modest 1 cent increase in its quarterly dividend to 51 cents per share. This latest hike reaffirms Sysco’s commitment to returning value to shareholders and underscores its confidence in its financial strength and long-term prospects.

Sysco’s enduring commitment to dividend growth, coupled with its resilience and scale in the face of industry challenges, solidifies its position as a top dividend stock. As Sysco continues to innovate and adapt to evolving market dynamics, investors can rely on its track record of delivering shareholder value through consistent dividend increases.

Stanley Black & Decker (SWK): Building Dividend Growth with Precision and Innovation

• Consecutive Annual Dividend Increases: 56

Stanley Black & Decker (SWK), renowned for its power and hand tools, has demonstrated a steadfast commitment to dividend growth for over half a century. With a legacy of innovation and strategic acquisitions, SWK has strengthened its position in the industry while consistently increasing its cash distribution to shareholders.

Legacy of Dividend Growth:

• SWK’s impressive streak of 56 consecutive years of dividend increases reflects its dedication to delivering value to shareholders. The company’s commitment to dividend growth underscores its financial stability and long-term focus on generating returns for investors.

Strategic Acquisitions for Expansion:

• SWK has expanded its product portfolio and market presence through strategic acquisitions, including Newell Tools, the Craftsman tool brand, IES Attachments, Nelson Fastener Systems, and Consolidated Aerospace Manufacturing. These acquisitions have bolstered SWK’s competitive advantage and positioned it for sustained growth.

Recent Dividend Increase:

• In April 2023, SWK announced a 1.3% increase in its quarterly dividend to 81 cents per share, continuing its tradition of dividend growth. This increase, coupled with SWK’s low payout ratio and ample free cash flow, underscores the company’s ability to sustain its dividend growth streak.

SWK’s dedication to precision, innovation, and shareholder value, coupled with its robust financial fundamentals and strategic acquisitions, solidifies its position as a top dividend stock. As SWK continues to innovate and expand its market presence, investors can trust in its track record of delivering consistent dividend growth and long-term value.

Federal Realty Investment Trust (FRT): Pioneering Dividend Growth in Real Estate

• Consecutive Annual Dividend Increases: 56

Federal Realty Investment Trust (FRT), a leading real estate investment trust (REIT), has distinguished itself as a stalwart in the industry with an unparalleled streak of 56 consecutive years of dividend increases. FRT’s commitment to delivering consistent dividends reflects its stable income generation and long-term value creation for shareholders.

Steadfast Dividend Growth:

• FRT’s record of dividend growth spans over five decades, making it the longest consecutive record in the REIT industry. This remarkable achievement underscores FRT’s resilience and ability to generate sustainable income through its portfolio of retail and mixed-use real estate properties.

REIT Industry Leadership:

• As a REIT, FRT is required to distribute a significant portion of its taxable earnings as dividends, making it an attractive choice for income-focused investors. FRT’s consistent dividend increases and reliable income stream position it as one of the best dividend stocks in the real estate sector.

Recent Dividend Increase:

• In August 2023, FRT announced its latest dividend increase, raising the quarterly dividend by a penny to $1.09 per share. This incremental increase reflects FRT’s commitment to maintaining its dividend growth trajectory and rewarding shareholders for their investment.

FRT’s longstanding commitment to dividend growth, coupled with its strong presence in retail and mixed-use real estate, solidifies its position as a premier investment opportunity in the REIT sector. As FRT continues to leverage its expertise and strategic portfolio management, investors can trust in its track record of delivering consistent dividends and long-term value appreciation.

Hormel Foods (HRL): Sustaining Dividend Growth with Iconic Brands

• Consecutive Annual Dividend Increases: 58

Hormel Foods (HRL), renowned for its iconic brands including Spam, Hormel meats and chili, Skippy peanut butter, Dinty Moore stews, and House of Tsang sauces, stands as a beacon of reliability in the packaged food industry. With a legacy of consistent dividend increases spanning over five decades, HRL has earned the trust of income investors through its unwavering commitment to shareholder value.

Diverse Portfolio of Iconic Brands:

• HRL’s portfolio of well-known brands enjoys widespread consumer recognition and loyalty, providing a solid foundation for sustained growth and revenue generation. From pantry staples like Spam and peanut butter to flavorful stews and sauces, HRL’s diverse product offerings cater to a wide range of consumer preferences.

Unmatched Record of Dividend Growth:

• HRL’s remarkable streak of 58 consecutive years of dividend increases exemplifies its reliability and financial stability. With each passing year, HRL reaffirms its dedication to delivering value to shareholders through consistent dividend growth, making it a top choice for income-focused investors.

Recent Dividend Increase:

• In November 2023, HRL announced its 58th consecutive dividend increase, raising the quarterly dividend by 2.7% to 28.25 cents per share. This latest raise underscores HRL’s commitment to rewarding shareholders and maintaining its status as a premier dividend stock in the packaged food industry.

Hormel Foods’ enduring legacy of dividend growth, coupled with its portfolio of iconic brands and steadfast commitment to shareholder value, solidifies its position as a top choice for income investors seeking stability and long-term growth. As HRL continues to innovate and adapt to evolving consumer preferences, investors can trust in its track record of delivering consistent dividends and enduring value.

Nordson (NDSN): Pioneering Dividend Growth in Industrial Innovation

• Consecutive Annual Dividend Increases: 60

Nordson (NDSN), a recent addition to the prestigious Dividend Aristocrats, epitomizes excellence in the industrial sector with its remarkable streak of 60 consecutive years of dividend increases. Specializing in the design and manufacturing of fluid dispensing systems for a diverse range of industries, Nordson’s commitment to shareholder value is underscored by its longstanding tradition of consistent dividend growth.

Innovative Industrial Solutions:

• Nordson’s cutting-edge systems for dispensing, applying, and controlling fluids such as adhesives, coatings, and sealants cater to a wide spectrum of industries, from food packaging and biotechnology to aerospace and semiconductor manufacturing. This diverse market presence highlights Nordson’s role as a key player in industrial innovation.

Unrivaled Dividend Growth Legacy:

• Nordson’s inclusion in the Dividend Aristocrats, coupled with its impressive track record of 60 consecutive years of dividend increases, reflects the company’s unwavering commitment to returning value to shareholders. Despite modest dividend yields, Nordson’s epic streak of dividend growth stands as a testament to its dedication to shareholder wealth creation.

Recent Dividend Increase:

• In August 2023, Nordson reaffirmed its commitment to dividend growth by raising the quarterly dividend by 4.6% to 68 cents per share. This latest increase demonstrates Nordson’s confidence in its financial strength and long-term growth prospects, solidifying its position as a premier dividend stock in the industrial sector.

Market Outperformance:

• Nordson’s decades of annual dividend increases have contributed to its status as a long-time market beater, with shares outperforming the broader market on an annualized total return basis over the past five, 10, 15, and 20 years. This consistent performance underscores Nordson’s ability to deliver enduring value to shareholders.

Nordson’s legacy of dividend growth, coupled with its innovative industrial solutions and consistent market outperformance, positions it as a top choice for income-focused investors seeking stability and long-term growth in the industrial sector. As Nordson continues to innovate and expand its market presence, investors can trust in its track record of delivering consistent dividends and shareholder value appreciation.

Johnson & Johnson (JNJ): Healthcare Leadership and Unwavering Dividend Growth

• Consecutive Annual Dividend Increases: 62

Johnson & Johnson (JNJ), a cornerstone of the healthcare industry since 1886, stands as a beacon of stability and innovation with its diverse portfolio spanning pharmaceuticals and medical devices. With an unparalleled track record of 62 consecutive years of dividend increases, JNJ exemplifies reliability and resilience in the face of market uncertainties, making it a defensive dividend stock of choice for income investors.

Diversified Healthcare Portfolio:

• JNJ’s diversified presence across multiple segments of the healthcare industry, including pharmaceuticals and medical devices, provides a solid foundation for long-term growth and stability. This diversification not only enhances JNJ’s resilience but also mitigates risks associated with market fluctuations, making it an attractive investment for income-focused investors.

Defensive Dividend Stock:

• JNJ’s status as a defensive dividend stock is underscored by its consistent track record of dividend growth spanning over six decades. Income investors rely on JNJ’s steadfast performance and reliable dividend payments to provide stability and income generation, even during challenging market conditions.

Recent Dividend Increase:

• In April 2024, JNJ reaffirmed its commitment to dividend growth by announcing a 4.2% increase in the quarterly dividend to $1.24 per share. This latest hike reflects JNJ’s confidence in its financial strength and ability to deliver sustained value to shareholders, further solidifying its position as a premier dividend stock in the healthcare sector.

JNJ’s legacy of healthcare leadership, coupled with its unwavering commitment to dividend growth and resilience, positions it as a top choice for income investors seeking stability and long-term growth. As JNJ continues to innovate and address global healthcare challenges, investors can trust in its track record of delivering consistent dividends and enduring value appreciation.

Kenvue (KVUE): Continuing a Legacy of Dividend Growth

• Consecutive Annual Dividend Increases: 61

Kenvue (KVUE), a recent addition to the esteemed Dividend Aristocrats, inherits a rich legacy of dividend growth following its spin-off from Johnson & Johnson (JNJ). As the former consumer health division of JNJ, Kenvue boasts a renowned brand portfolio including household names like Band-Aid, Benadryl, Zyrtec, Listerine, and Tylenol. With a commitment to sustaining its dividend growth trajectory, KVUE is poised to deliver value to shareholders and uphold its status as a premier dividend stock.

Inheritance of Dividend Aristocrats Status:

• KVUE’s inclusion in the Dividend Aristocrats in August 2023 underscores its dedication to maintaining a legacy of consistent dividend increases. As a spin-off from JNJ, KVUE inherits a tradition of dividend growth and shareholder value creation, positioning it as a trusted choice for income-focused investors.

Renowned Brand Portfolio:

• Leveraging its extensive brand portfolio, KVUE enjoys a strong market presence and consumer loyalty in the consumer health industry. Brands like Band-Aid, Benadryl, and Tylenol are synonymous with quality and reliability, providing a solid foundation for sustained growth and dividend stability.

Commitment to Dividend Growth:

• With 61 consecutive years of dividend increases, KVUE demonstrates a steadfast commitment to delivering value to shareholders. Despite its recent spin-off from JNJ, KVUE remains focused on sustaining its dividend growth trajectory and providing reliable income generation for investors.

As KVUE embarks on its journey as an independent company, investors can trust in its legacy of dividend growth and market-leading brands to drive continued success. With a strong foundation in place, KVUE is well-positioned to navigate the evolving consumer health landscape and deliver enduring value to shareholders through consistent dividends and long-term growth.

Colgate-Palmolive (CL): A Century of Dividend Excellence

• Consecutive Annual Dividend Increases: 62

Colgate-Palmolive (CL), a stalwart in the consumer staples industry, has been synonymous with household essentials for generations. With an extensive portfolio of brands including its iconic toothpaste, dish soap, deodorant, and personal-care products, CL maintains a steady demand for its products regardless of economic conditions. This consistent performance drives the company’s robust free cash flow, supporting its impressive streak of dividend growth.

Stability in Consumer Staples:

• CL’s diverse range of consumer staples enjoys enduring demand, providing stability and resilience to its business even during economic downturns. This consistent demand contributes to CL’s strong free cash flow generation, enabling it to sustain its dividend growth streak and reward shareholders with consistent income.

Legacy of Dividend Excellence:

• CL’s dividend history dates back over a century to 1895, reflecting its longstanding commitment to shareholder value. With 62 consecutive years of dividend increases, CL’s track record of dividend excellence is a testament to its financial strength and disciplined management.

Recent Dividend Increase:

• In March 2024, CL continued its tradition of dividend growth by raising its quarterly distribution by 4.2% to 50 cents per share. This latest increase demonstrates CL’s confidence in its ability to generate sustainable earnings and cash flow, reaffirming its status as a reliable dividend stock.

Colgate-Palmolive’s legacy of dividend excellence, coupled with its stable consumer staples business and enduring brand portfolio, positions it as a top choice for income investors seeking reliability and long-term growth. As CL continues to innovate and adapt to evolving consumer preferences, investors can trust in its track record of delivering consistent dividends and enduring value appreciation.

Coca-Cola (KO): Refreshing Dividend Growth for Over Six Decades

• Consecutive Annual Dividend Increases: 62

Coca-Cola (KO) isn’t just known for refreshing consumers’ thirst; it’s also a reliable source of income for investors. With a dividend history dating back to 1920, KO has delivered 62 consecutive years of dividend increases, showcasing its commitment to shareholder value. In February 2024, KO announced its latest dividend hike, raising the quarterly payout by 5.4% to 48.5 cents per share.

Diversified Product Portfolio:

• Beyond its iconic Coca-Cola brand, KO has expanded its offerings to include bottled water, fruit juices, sports drinks, and teas. Brands such as Minute Maid, Powerade, and Vitaminwater contribute to KO’s diversified product portfolio, ensuring resilience and growth opportunities in various beverage categories.

Steadfast Dividend Payments:

• KO’s dedication to dividend growth is evident in its consistent returns to shareholders. In 2023 alone, KO returned $8 billion in dividends to investors, highlighting its commitment to delivering value through regular and growing dividend payouts. Since January 1, 2010, KO has disbursed a total of $84.7 billion in dividends, underscoring its status as a dependable income generator.

Adaptation and Innovation:

• Recognizing evolving consumer preferences, KO has continuously evolved its product lineup to meet changing demands. By diversifying beyond traditional carbonated beverages, KO has demonstrated agility and innovation, ensuring its relevance in today’s dynamic beverage market.

Coca-Cola’s legacy of dividend growth, coupled with its diversified product portfolio and commitment to innovation, solidifies its position as a premier dividend stock. As KO continues to adapt to changing consumer trends and expand its offerings, investors can trust in its track record of delivering consistent dividends and long-term value appreciation.

Cincinnati Financial (CINF): A Legacy of Dividend Resilience

• Consecutive Annual Dividend Increases: 64

Cincinnati Financial (CINF), a prominent property and casualty insurer, has established itself as a pillar of stability and resilience in the insurance industry. Offering a comprehensive range of insurance products including life insurance, annuities, umbrella insurance, and business insurance, CINF has earned the trust of investors through its unwavering commitment to dividend growth.

Resilience During Turbulent Times:

• Despite facing challenges during the pandemic-induced market volatility, CINF remained steadfast in its commitment to shareholders. While CINF shares experienced fluctuations, its dividends remained a reliable source of income for investors, reflecting the company’s resilience and financial strength.

Record-Breaking Dividend Growth Streak:

• With an impressive track record of 64 consecutive years of dividend increases, CINF stands among the elite Dividend Aristocrats. This remarkable achievement underscores CINF’s dedication to delivering value to shareholders and its ability to navigate through various economic cycles while consistently rewarding investors.

Recent Dividend Increase:

• In January 2024, CINF reaffirmed its commitment to dividend growth by announcing an 8% increase in the quarterly payout to 81 cents per share. CEO Steven Johnston emphasized the company’s unwavering dedication to shareholders, highlighting its unparalleled record of dividend increases spanning over six decades.

Cincinnati Financial’s legacy of dividend resilience and long-term value creation positions it as a trusted choice for income investors seeking stability and consistent returns. As CINF continues to navigate the evolving insurance landscape, investors can rely on its robust dividend growth streak and strong financial fundamentals to drive sustained shareholder value for years to come.

3M (MMM): Navigating Challenges with Dividend Adjustments

• *Consecutive Annual Dividend Increases: 64 (Previously)

3M (MMM), renowned for its diverse product portfolio spanning adhesives, electric circuits, and N95 respirators, has historically been a consistent dividend-raiser. However, recent developments have led to a significant shift in its dividend policy.

Historical Performance and Market Position:

• Despite its reputation as a long-time market laggard, 3M has maintained its position as a reliable dividend payer, earning recognition as a Dividend Aristocrat with 64 consecutive years of dividend increases. Its wide-ranging product offerings have catered to various industries, contributing to its resilience in the market.

Challenges and Adjustments:

• In April 2024, 3M announced a strategic decision to slash its dividend following the spin-off of its healthcare business. This move was prompted by several challenges, including sluggish growth, escalating costs, and legal concerns related to environmental issues such as forever chemicals.

Impact on Dividend Policy:

• The decision to reduce the dividend reflects 3M’s proactive approach to address its evolving business landscape and prioritize long-term sustainability over short-term financial returns. While this adjustment may disappoint income investors initially, it underscores the company’s commitment to navigating challenges effectively and ensuring its future growth prospects.

As 3M adapts to changing market dynamics and addresses underlying challenges, investors should monitor its strategic initiatives and financial performance closely. While the dividend adjustment may signal a departure from its longstanding dividend growth streak, it also presents an opportunity for 3M to realign its priorities and position itself for sustainable value creation in the years ahead.

Emerson Electric (EMR): Pioneering Industrial Dividend Growth

• Consecutive Annual Dividend Increases: 67

Emerson Electric (EMR) stands as a stalwart in the industrial sector, renowned for its diverse array of industrial products ranging from control valves to electrical fittings. With a rich history dating back to 1956, EMR has cemented its reputation as a reliable dividend payer, boasting an impressive streak of 67 consecutive years of dividend increases.

Historic Dividend Growth:

• EMR’s commitment to shareholder value is evident in its consistent dividend growth trajectory. Over nearly seven decades, the company has demonstrated resilience and financial strength, delivering uninterrupted dividend increases to its investors.

Financial Stability and Resilience:

• Supported by a below-average payout ratio and robust free cash flow, EMR remains well-positioned to sustain its dividend growth momentum. Investors can take comfort in the company’s financial stability, which serves as a solid foundation for future dividend hikes.

Recent Dividend Increase:

• In November 2023, EMR reaffirmed its dedication to shareholder value by announcing a 1% increase in the quarterly dividend to 52.5 cents per share. This incremental raise reflects EMR’s prudent approach to dividend management and its commitment to delivering consistent returns to investors.

As EMR continues to innovate and expand its product offerings in the industrial sector, shareholders can anticipate continued dividend growth and long-term value appreciation. With a track record of resilience and a focus on sustainable growth, EMR remains a preferred choice for income investors seeking reliability and consistency in dividend payouts.

Genuine Parts (GPC): A Legacy of Dividend Excellence

• Consecutive Annual Dividend Increases: 68

Genuine Parts (GPC), a leading manufacturer of automotive and industrial replacement parts renowned for its Napa brand, has solidified its position as a dividend powerhouse with an exceptional track record spanning over nine decades.

A Heritage of Reliability:

• With roots dating back to 1928, Genuine Parts has established itself as a pillar of stability in the automotive and industrial sectors. The company’s unwavering commitment to returning cash to shareholders is exemplified by its uninterrupted history of dividend payments since going public in 1948.

Steadfast Dividend Growth:

• GPC’s remarkable streak of 68 consecutive years of dividend increases underscores its dedication to enhancing shareholder value. Despite evolving market conditions, GPC has consistently prioritized dividend growth, reflecting its resilience and financial strength.

Global Presence and Market Leadership:

• Operating under the Napa brand in the United States, AutoTodo in Mexico, and UAP in Canada, GPC boasts a robust global footprint. Its diverse product portfolio and extensive distribution network have solidified its market leadership position, driving sustained growth and profitability.

Recent Dividend Increase:

• In February 2023, GPC reaffirmed its commitment to shareholders by announcing a 5% increase in the quarterly dividend to $1 per share. This strategic move reflects GPC’s confidence in its financial performance and long-term growth prospects.

As Genuine Parts continues to innovate and expand its presence in key markets, investors can rely on its enduring dividend excellence as a testament to its stability and prosperity. With a legacy of reliability and a forward-thinking approach, GPC remains a preferred choice for income investors seeking consistent returns and long-term value appreciation.

Procter & Gamble (PG): A Pillar of Consumer Product Dividend Growth

• Consecutive Annual Dividend Increases: 68

Procter & Gamble (PG), a global powerhouse in consumer products, boasts an illustrious portfolio including iconic brands like Tide detergent, Pampers diapers, and Gillette razors. With a steadfast commitment to quality and innovation, PG has earned its reputation as a dividend stalwart in the equity income landscape.

Resilience in Consumer Staples:

• Amidst economic fluctuations, demand for essential products such as toiletries, household cleaners, and personal care items remains robust. Leveraging its diverse product portfolio and global reach, PG demonstrates resilience in navigating market challenges, making it a reliable choice for income investors.

A Legacy of Dividend Excellence:

• PG’s dividend legacy spans over a century, with uninterrupted payments to shareholders since 1890. Impressively, the company has raised its dividend for 68 consecutive years, reflecting its unwavering commitment to enhancing shareholder value through consistent returns.

Recent Dividend Increase:

• In April 2024, PG reaffirmed its dedication to shareholders by announcing a 7% increase in the quarterly dividend to $1.0065 per share. This strategic move underscores PG’s confidence in its financial strength and long-term growth prospects, cementing its status as a premier dividend growth stock.

Global Leadership and Innovation:

• With a presence in households worldwide, PG continues to innovate and adapt to evolving consumer preferences. By leveraging cutting-edge technology and strategic partnerships, PG sustains its market leadership position while driving sustainable growth and profitability.

As PG continues to deliver superior products and innovative solutions, investors can trust in its enduring dividend growth trajectory as a testament to its stability and prosperity. With a legacy of excellence and a forward-looking approach, PG remains a cornerstone investment for income-focused portfolios seeking reliable returns and long-term value appreciation.

Dover (DOV): A Legacy of Consistent Dividend Growth

• Consecutive Annual Dividend Increases: 68

Dover (DOV), an industrial conglomerate with diverse business interests, has remained steadfast in its commitment to delivering value to shareholders through consistent dividend growth. With a rich history spanning over six decades, Dover has established itself as a reliable income generator in the industrial sector.

Commitment to Dividend Growth:

• Dover’s impressive streak of 68 consecutive years of annual dividend increases exemplifies its unwavering dedication to returning cash to shareholders. This enduring commitment underscores Dover’s resilience and financial strength, making it a preferred choice for income-oriented investors.

Diverse Business Portfolio:

• With a broad range of businesses under its umbrella, Dover operates in various sectors including pumps, lifts, energy tools, and commercial refrigeration. While not flashy, Dover’s diverse portfolio positions it well to capitalize on opportunities across different industries, driving steady returns for investors.

Recent Dividend Increase:

• In August 2023, Dover reaffirmed its commitment to shareholders by announcing a modest increase in the quarterly dividend to 51 cents per share. This incremental raise reflects Dover’s prudent approach to dividend management and its confidence in its long-term growth prospects.

Stability and Remunerative Potential:

• Despite operating in less glamorous sectors, Dover’s focus on essential industrial products and services provides stability and resilience against economic downturns. Moreover, its remunerative business model enables consistent cash flow generation, supporting sustained dividend growth over the years.

As Dover continues to navigate evolving market dynamics and pursue strategic growth initiatives, investors can rely on its proven track record of dividend excellence as a testament to its stability and value proposition. With a legacy of consistency and a forward-looking strategy, Dover remains a cornerstone investment for income-focused portfolios seeking reliable returns and long-term wealth preservation.