Reader Question – What stocks have paid dividends for generations?
In the My Own Advisor inbox recently, I got an email from a reader wondering the following:
I would like to invest in dividend paying stocks. Do you know where I can find a good list of companies that have been paying stocks for 20 years or more? I really don’t know where to start other than looking for companies individually.”
Thanks for your question and you’re luck. I’ve selected a list of U.S. and Canadian companies that have been paying dividends for generations. Here they are:
These U.S. companies have been paying dividends for well over 100 years.
- Stanley Works (SWK:US) – paid dividends since 1877.
- Exxon Mobil (XOM:US) – paid dividends since 1882.
- Consolidated Edision (ED:US) – paid dividends since 1885, increased for 38 years.
- Proctor & Gamble (PG:US) – paid dividends since 1890.
- Coca-Cola (KO:US) – paid dividends since 1893 and a quarterly dividend since 1920.
- Colgate-Palmolive (CL:US) – paid dividends since 1895.
- Dupont (DD:US) – paid dividends since 1904.
If you want the oldest of old, you’ll have to buy York Water. They made history last year when it comes to dividends; they are the oldest investor owned utility in the U.S.
Other selected U.S. companies that have paid increasing dividends for decades include:
- Johnson & Johnson (JNJ:US)
- Diebold (DBD:US)
- Emerson Electric (EMR:US)
- 3M (MMM:US)
- Target (TGT:US)
- Kimberly Clark (KMB:US)
- Pepsi (PEP:US)
- McDonald’s (MCD:US)
- Clorox (CLX:US)
- Walmart (WMT:US)
- Becton Dickinson (BDX:US)
The list is longer than this. You can find a list of U.S. dividend aristocrats here. The S&P 500 Dividend Aristocrats index measures the performance of large cap, blue chip companies within the S&P 500 that have followed a policy of increasing dividends every year for at least 25 consecutive years.
These Canadian companies have been paying dividends for well over 100 years.
- Bank of Montreal (BMO) – paid dividends since 1829.
- Bank of Nova Scotia (BNS) – paid dividends since 1832.
- TD (TD) – paid dividends since 1857.
- CIBC (CM) – paid dividends since 1868.
- Royal Bank (RY) – paid dividends since 1870.
Other selected Canadian companies that have paid dividends for decades include:
- Enbridge (ENB)
- Fortis (FTS)
- Bell Canada Enterprises (BCE)
As you can see, dividend histories are not as established for many Canadian stocks when compared to U.S. stocks.
You can find a list of Canadian dividend aristocrats here. Alternatively, you can visit the iShares website. Look up CDZ. CDZ is the iShares S&P/TSX Canadian Dividend Aristocrats Index Fund aims to track the S&P/TSX Canadian Dividend Aristocrats Index, less fees and expenses. For holdings to quality, securities must: “a) be common stock or income trust listed on the TSX and in the S&P Canada Broad Market Index (BMI); b) have increased ordinary cash dividends every year for 5 years, but can maintain the same dividend for a maximum of 2 consecutive years within that 5-year period; c) have a minimum C$ 300 million float-adjusted market cap.”
I hope this information helped, providing you with a starting point for further research.
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