20 Stocks That Keep Raising Their Dividends

Published: February 19, 2026 by Austin Smith

Key Points

Only 69 S&P 500 companies have increased dividends for 25+ consecutive years.
An 8% annual dividend increase doubles a $1 payout to $2.16 per share in 10 years.
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A fat yield today can evaporate tomorrow if the board decides cash is better spent elsewhere, and history is littered with “stable” dividend stocks that ended up slashing or freezing their dividends when the economy became shaky.

The only reliable way to tilt the odds in your favor is to look for companies that have already survived several ups and downs while increasing their dividends. When you do that, you’ll narrow down to a small club known as the Dividend Aristocrats, which currently holds just 69 names inside the S&P 500. These stocks have increased their dividends for 25 consecutive years or more.

Not only do these stocks offer reliability, but they’re also better long-term. Compounding at an accelerating rate is what really moves the needle, as your investment can snowball ahead of the market. A firm that pays $1 per share today and raises the dividend 8% a year will send you $2.16 per share a decade from now.

Here are 20 companies that have cleared the 25-year hurdle and continue to push their payouts higher. Some are household brands you see in the grocery aisle, others are quiet utilities and industrials you probably drive past without noticing, but all share the same discipline of sending shareholders a larger slice of the profit every year.

Note: The payout ratio is the percentage of a company’s earnings that it pays out to shareholders as dividends. Dividends are unsustainable if the payout ratio is above 100% for long periods of time, so only sustainable dividend payers have been included in this list.

#20 Procter & Gamble (PG)

Currently priced at about $159 per share (as of Feb. 6), this consumer goods giant boasts a payout ratio of 57.64% and a whopping 70 years of dividend increases. The stock has a dividend yield of 2.67%.

#19 Air Products and Chemicals (APD)

This large chemical and gas company costs about $283 per share. APD has a payout ratio of 51.66%, a dividend yield of 2.55%, and 51 years of dividend raises.

#18 AbbVie (ABBV)

Pharmaceuticals giant AbbVie can claim 54 years of dividend increases and a payout ratio of 43.26%. Shares cost $223.43, with a dividend yield of 3.04%.

#17 Medtronic (MDT)

Medtronic (about $103 per share) has a payout ratio of 43.26% and dividend yield of 2.76%. The company counts 49 years of dividend increases.

#16 Coca-Cola (KO)

The beverage manufacturer boasts 64 years of dividend increases and a payout ratio of 58.96%. Shares are priced at $79.03 and the dividend yield is 2.6%.

#15 Genuine Parts (GPC)

Priced at about $148 per share, GPC has 70 years of dividend raises. The dividend yield is 2.82% and the payout ratio is 44.74%.

#14 Archer-Daniels-Midland (ADM)

The agricultural giant’s stock closed at $66.33 on Feb. 6. ADM counts 53 years of dividend increases. The payout ratio is 43.46%.

#13 Consolidated Edison (ED)

This Northeast utility has a payout ratio of 55.34% and 53 years of dividend increases. Shares cost $107.34 and the dividend yield is 3.16%.

#12 Brown-Forman (BF.B)

The alcohol beverages company has 13 years of dividend increases and a current yield of 3.14%. The stock ($29.45) has a payout ratio of 50.09%.

#11 Exxon Mobil (XOM)

With shares in the $149 range, Exxon Mobil claims 43 years of dividend increases and a payout ratio of 49.30%. The dividend yield is 2.82%.

#10 PepsiCo (PEP)

Pepsi has 54 years of dividend increases and a payout ratio of 61.96%. Shares cost $170.49 and the yield is 3.4%.

#9 Eversource Energy (ES)

Eversource is a public utility holding company with a payout ratio of 82.11% and a dividend yield of 4.65%. Shares are $67.36.

#8 Clorox (CLX)

Clorox has a payout ratio of 73.30% and dividend yield of 4.22%. The cleaning brand name counts 48 years of dividend increases. Shares cost $119.36.

#7 Kimberly-Clark (KMB)

KMB is currently priced at $104.33. Its payout ratio is 103.7% and yield is 4.91%. The stock has 54 years of dividend bumps under its belt.

#6 Chevron (CVX)

Chevron’s payout ratio is 78.42% and yield is 3.97%. CVX shares cost about $180 and the company has 39 consecutive years of dividend increases.

#5 T. Rowe Price Group (TROW)

With shares costing about $95, T. Rowe Price has a payout ratio of 50.1% and dividend yield of 5.52%. The investment advisory firm claims 39 years of dividend raises.

#4 Stanley Black & Decker (SWK)

The tools giant can be bought for $89.39 per share. The payout ratio is 51.65%. The dividend yield is 3.88%. SWK has increased dividends for the last 59 years.

#3 Hormel Foods (HRL)

The food manufacturer offers a 74.45% payout ratio and touts 60 years of dividend increases. Shares cost about $25 and the dividend yield is 4.66%.

#2 Target (TGT)

This popular retailer sells at $115.55 per share. Target offers 55 years of dividend increases and a payout ratio of 56.16%. The dividend yield is 4.11%.