4 Strong Buy Dividend Aristocrats Have Raised Their Payouts for Almost 70 Years

Investors love dividend stocks because they provide dependable passive income streams and an excellent opportunity for solid total return. Total return includes interest, capital gains, dividends, and distributions realized over time. In other words, the total return on an investment or portfolio consists of income and stock appreciation. According to the Internal Revenue Service (IRS), passive income generally includes earnings from rental activity or any trade, business, or investment in which the individual does not materially participate. It can also include income from limited partnerships, stocks, bonds, and other similar enterprises in which the investor is not actively involved.

Companies that have raised their dividends for shareholders for almost 70 years are the kind of investments that passive income investors need to own. Dependability is crucial for individuals seeking to increase their annual income through dividend stock investments. The Dividend Aristocrats comprise 69 companies that have increased their dividends for at least 25 consecutive years, a testament to their dependability and reliability. Those are two “must-have” items for investors who rely on passive income to boost their overall revenue.

We screened the Dividend Aristocrats list looking for companies that have raised their dividend the longest among the group. Four stocks that most investors are familiar with are among the longevity champions and pay among the highest dividends. All are rated Buy by top Wall Street firms, and all have increased their dividend payments to shareholders for nearly 70 years.

Why do we recommend the Dividend Aristocrats?

Companies that have paid and raised their dividends for almost 70 years or more are the kind that growth and income investors want to buy and hold in their stock portfolios for the long term. Dividend Aristocrats stocks are mostly conservative, and should we see a dramatic market correction, they will likely keep their ground much better than volatile technology names.

Dover

While somewhat off the radar, this company has increased the dividend paid to shareholders for an incredible 69 consecutive years. Dover Corp. (NYSE: DOV) is a diversified global manufacturer and solutions provider that operates in five primary segments.

The Engineered Products segment provides a range of equipment, components, software, solutions, and services to the vehicle aftermarket, aerospace, defense, and other industries.

Its Clean Energy & Fueling segment provides components, equipment, and software solutions and services. It also designs, manufactures, and supplies vacuum-insulated piping systems for various liquefied gases, including nitrogen, oxygen, carbon dioxide, and other industrial gases.

The company’s Imaging & Identification segment supplies precision marking and coding, product traceability, brand protection, and digital textile printing equipment.

The Pumps & Process Solutions segment manufactures specialty pumps and flow meters, fluid transfer connectors, engineered precision components, instruments, and digital controls.

Dover’s Climate & Sustainability Technologies segment is a provider of energy-efficient equipment, components, and parts.

JPMorgan has an Overweight rating on the shares with a $211 target price.

Emerson Electric

This technology and industrial giant has raised its dividend for 69 consecutive years. Emerson Electric Inc. (NYSE: EMR) is a global technology and software company that provides solutions for customers in a wide range of end markets around the world.

The company operates through seven segments under two business groups. The Intelligent Devices business includes:

• Final Control
• Measurement & Analytical
• Discrete Automation
• Safety & Productivity

The Software and Control business encompasses:

• Control Systems & Software
• Test & Measurement
• AspenTech

The Final Control segment is a global provider of:

• Control valves
• Isolation valves
• Shutoff valves
• Pressure relief valves
• Pressure safety valves
• Actuators
• Regulators for process and hybrid industries

Its Measurement & Analytical segment is a supplier of intelligent instrumentation measuring the physical properties of liquids or gases. The AspenTech segment provides asset optimization software that enables industrial manufacturers to design, operate, and maintain their operations.

Citigroup has a Buy rating and a $127 price target.

Genuine Parts

Investors seeking a solid retail investment should consider purchasing this company, as its products remain in high demand and it has raised the dividend for 69 consecutive years. Genuine Parts Inc. (NYSE: GPC) is a global service provider of automotive and industrial replacement parts and value-added solutions.

The company’s segments include:

• Automotive Parts Group
• Industrial Parts Group

The Automotive segment distributes replacement parts (other than collision parts) for all makes and models of automobiles, trucks, and other vehicles in North America, Europe, and Australasia.

Its main automotive customers are repair and maintenance shops, and its main industrial customers are businesses operating distribution, manufacturing, and production equipment.

The Industrial segment distributes a wide variety of industrial bearings, mechanical and fluid power transmission equipment, including:

• Hydraulic and pneumatic products
• Material handling components
• Related parts and supplies

Genuine Parts industrial business offers replacement parts and solutions to maintenance, repair, and operation customers and original equipment manufacturer customers.

Truist Financial has a Buy rating on the shares with a $137 price target.

Procter & Gamble

Procter & Gamble Co. (NYSE: PG) was founded more than 185 years ago as a soap and candle company and has paid dividends to shareholders since 1891, and has raised them for 69 straight years. Procter & Gamble is focused on providing branded consumer packaged goods to consumers across the world.

The company’s segments include:

• Beauty
• Grooming
• Health Care
• Fabric & Home Care
• Baby
• Feminine & Family Care

The company’s products are sold in approximately 180 countries and territories primarily through mass merchandisers, e-commerce, including social commerce channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores, including airport duty-free stores, high-frequency stores, pharmacies, electronics stores and professional channels.

It also sells directly to individual consumers. It has operations in approximately 70 countries.

Procter & Gamble offers products under these brands and others, such as:

• Head & Shoulders
• Herbal Essences
• Pantene
• Rejoice
• Olay
• Old Spice
• Safeguard
• Secret
• SK-II
• Braun
• Gillette
• Venus
• Crest
• Oral-B
• Ariel
• Downy
• Gain
• Tide
• Always
• Always Discreet
• Tampax
• Bounty

Raymond James has an Outperform rating with a $185 price objective.

Two Top Refinery Stocks Beat the S&P 500 Over the Past 10 Years and Pay Reliable Dividends

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