15 Consumer Stocks That Deliver Dividend Growth Like Clockwork

Slow-moving consumer stocks aren’t the sexiest investments, but those that can be relied on for regular dividend growth through both good times and bad can be a long-term investor’s best friend.

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Slow-moving consumer stocks aren’t the sexiest investments, but those that can be relied on for regular dividend growth through both good times and bad can be a long-term investor’s best friend.

After all, bull markets and economic expansions don’t last forever.

“Quality dividend payers can also offer defensive, resilient businesses and current income generation to buffer against potential future (stock market) drawdowns,” writes Tony DeSpirito, director of U.S. equity investments at BlackRock.

Whether they make liquor, sell toothpaste or sling hamburgers, some of the nation’s best-known consumer companies have proven to be dividend champions. Indeed, more than a dozen of them are members of the illustrious Dividend Aristocrats – companies in the Standard & Poor’s 500-stock index that have hiked their payouts every year for at least 25 consecutive years.

And let’s not forget: Steady dividend hikes have benefits beyond letting income investors sleep better at night. Not only do annual raises make a dividend stock more alluring to new investors, they also reward existing investors with increasingly higher yields on shares purchased at lower prices in the past.

These 15 quality consumer stocks can be counted on to deliver dividend growth year after year, and they are backed by resilient businesses to boot.

Data is as of Aug. 8, 2018. Companies are listed in alphabetical order. The list of Dividend Aristocrats is maintained by S&P Dow Jones Indices (opens in new tab). Dividend yields are calculated by annualizing the most recent quarterly payout and dividing by the share price. Dividend history based on company information and S&P data. Analysts’ ratings provided by Zacks Investment Research.

Dan Burrows
Senior Investing Writer, Kiplinger.com

Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.


A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.


Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.


In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more.


Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.


Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts.