10 Stocks That Raise Their Dividend Every Year

10.) Vectren Corp (NYSE: VVC)

• 3.8% annual yield• Vectren is an energy holding

company, and owns three public utility companies

• The consensus calls for consistent 7% annual earnings growth, so the dividend should continue to rise

54 Consecutive Years of Dividend Increases

9.) Parker-Hannifin Corp (NYSE: PH)

• 1.6% annual yield• Parker-Hannifin makes industrial

pneumatic, hydraulic, and vacuum systems and parts, with about $13 billion in annual sales

• Although the dividend is low percentage-wise, it grows rapidly, having nearly quadrupled in the past decade from $0.51 per share in 2004 to $1.92 today.

54 Consecutive Years of Dividend Increases

8.) 3M Corporation (NYSE: MMM)

• 2.4% annual yield• 3M is one of the most diversified

companies in the world with operations in– Electronics– Health care– Telecommunications– Industrial products– Chemicals, sealants, and adhesives

• 3M is expected to grow its earnings at 10% annually for the next three years,

55 Consecutive Years of Dividend Increases

8.) 3M Corporation (NYSE: MMM)

More reasons to love 3M• 3M has an A+ S&P quality ranking• 3M has nearly as much cash on hand ($3.4 billion) as it does debt

($4.3 billion)• 3M gets 35% of its sales from emerging markets, and management

sees this growing by 8-12% per year until at least 2017• The company has a generous plan to return capital to shareholders.

The dividend was raised by 35% this year alone, and 3M plans to repurchase up to $22 billion over the next five years

7.) Genuine Parts Corp (NYSE: GPC)

• 2.7% annual yield• Genuine Parts Corp is one

of the leading wholesalers of automotive replacement parts

• Analysts expect impressive 10% earnings growth this year, so the dividend should continue to rise

57 Consecutive Years of Dividend Increases

6.) Emerson Electric Co. (NYSE: EMR)

• 2.6% annual yield• With a market cap of more

than $46 billion, Emerson Electric is one of the largest industrial conglomerates in the world

• In addition to the dividend, Emerson has bought back 7% of its outstanding shares since 2010

57 Consecutive Years of Dividend Increases

5.) Procter and Gamble (NYSE: PG)

• 3.2% annual yield• Proctor and Gamble is one

of the largest consumer product companies in the world with brands such as Duracell, Vicks, Crest, Pantene, and Gillette

• Earnings are expected to rise by nearly 7% going forward

57 Consecutive Years of Dividend Increases

5.) Procter and Gamble (NYSE: PG)

More reasons to love Procter and Gamble• Procter and Gamble is one of the most geographically diverse companies

in the world, with a sales presence in more than 180 countries. • Less than 40% of sales come from the U.S., which puts the company in a

great position to survive no matter what the economy does• Procter and Gamble has a very diverse array of products

• The company’s 25 top-selling brands generate over $1 billion each in annual sales

• The company has a great stock repurchase plan, having bought back $10 billion in shares during the past two years, and plans to buy back between $5 billion and $7 billion this year.

4.) Northwest Natural Gas (NYSE: NWN)

• 4.2% annual yield• The company provides

natural gas service to almost 700,000 customers in Oregon and Washington.

• The dividend grows consistently at 5-7% per year

58 Consecutive Years of Dividend Increases

3.) Dover Corp (NYSE: DOV)

• 1.8% annual yield• Dover manufactures a variety of

specialized industrial equipment

• The company has made more than 100 acquisitions since 2000.

• The dividend represents just 22% of Dover’s profits, leaving lots of cash to reinvest in the business

58 Consecutive Years of Dividend Increases

2.) American States Water Co (NYSE: AWR)

• 3% annual yield• The company mainly

provides water service in California

• Annual earnings have doubled since 2009

59 Consecutive Years of Dividend Increases

1.) Diebold (NYSE: DBD)

• 3.1% annual yield• In business since 1859, Diebold

provides security products and ATMs to the financial industry.

• Earnings are expected to jump by 31% this year and 24% next year, so future increases should be no problem

• Diebold is excellent at adapting to the changing needs of its customers. Over time, their products have evolved from safes and bank vaults to electronic security products.

60 Consecutive Years of Dividend Increases

The power of dividend growthLet’s say you invested $2,000 in Diebold every year for the past 30 years, for a total of $60,000. Not only would it be worth about $192,000 today due to compounding dividends plus growth in the share price, but your investment would produce more than $6,700 per year in income.So, while a 3.1% dividend might not get you too excited, when dividends like these grow and compound over time, it can produce some very solid income.

More dividend stocks for the next decade