--- title: "3 Rock-Solid Dividend Kings That Have Raised Their Dividend Payments for Over 60 Years" type: "News" locale: "en" url: "https://longbridge.com/en/news/295654707.md" description: "The article highlights three 'Dividend Kings'—Coca-Cola, Procter & Gamble, and American States Water—that have raised dividends for over 60 consecutive years. Coca-Cola increased its payout for the 64th year, citing strong brand power and a 60% payout ratio. Procter & Gamble extended its streak to 70 years with stable consumer goods sales. American States Water boasts a 72-year streak, driven by essential utility services and consistent demand. These stocks are presented as resilient, long-term income investments suitable for holding through economic cycles." datetime: "2026-08-12T11:06:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295654707.md) - [en](https://longbridge.com/en/news/295654707.md) - [zh-HK](https://longbridge.com/zh-HK/news/295654707.md) generator: "portal-rs" --- # 3 Rock-Solid Dividend Kings That Have Raised Their Dividend Payments for Over 60 Years Paying dividends consistently is a challenge for many companies, and what's even tougher is *raising* those payments every year. That's why stocks with impressive dividend streaks are compelling options for investors. The past doesn't predict the future, but years of dividend growth can signify a company's resilience and ability to handle varying economic and market challenges. Three top dividend stocks that are part of the illustrious group of Dividend Kings and that have raised their payouts for more than 60 consecutive years are **Coca-Cola** (KO -0.45%), **Procter & Gamble** (PG -0.84%), and **American States Water** (AWR +1.12%). Here's why they can still be excellent income stocks to buy and hold in 2026. ![A person holding cash.](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84ODI1ODcvYS1wZXJzb24taG9sZGluZy1jYXNoLmpwZyZ3PTM4NDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Image source: Getty Images. ## Coca-Cola Back in February, beverage giant Coca-Cola announced it would be raising its dividend for the 64th consecutive year, boosting the quarterly payout from 51 cents to 53 cents. On an annualized basis, investors are collecting 2.4% in dividends, which would be higher if not for Coca-Cola's significant 24% rally this year. Investors have been loading up on this safe-haven stock, pushing it to new highs recently. But for long-term investors seeking a good dividend, this can still be a solid buy-and-hold investment. Coca-Cola's business continues to do well, with its net revenue rising by 7% in its most recent quarter, which ended on July 3. Expand ![Coca-Cola Stock Quote](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0tPLnBuZyZ3PTEyOA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## NYSE: KO Coca-Cola Today's Change (-0.45%) $-0.39 Current Price $86.48 ### Key Data Points Market Cap $372BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary. Day's Range $86.11 - $87.05 52wk Range $65.35 - $90.92 Volume 16.1K Avg Vol 17.9M Gross Margin 61.95% Dividend Yield 2.41% The simplicity of its business model and strong brand power that Coca-Cola possess are key reasons why billionaire investor Warren Buffett has long been a fan of the stock. While it may not generate significant growth, it can make for a dependable long-term stock holding. And with its payout ratio around just 60%, it's highly likely it will continue raising its dividend in the years ahead. For dividend investors, Coca-Cola can be a no-brainer buy. ## Procter & Gamble A top consumer goods stock to own is Procter & Gamble, which sells a wide range of products that people around the world use daily. The business typically generates only minimal growth, but for dividend investors, that stability and consistency are valuable, as surprises and significant fluctuations can pose risk. From hair care to oral care to personal care products, Procter & Gamble's diversified business makes it less volatile because it's not highly dependent on one area. It recently wrapped up its 2026 fiscal year, which ended on June 30. Net sales rose by a modest 3% while earnings were flat. There was nothing particularly exciting or worrisome about the business. Expand ## NYSE: PG Procter & Gamble Today's Change (-0.84%) $-1.23 Current Price $145.21 ### Key Data Points Market Cap $338BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary. Day's Range $143.93 - $145.71 52wk Range $137.62 - $167.25 Volume 4.2K Avg Vol 8.9M Gross Margin 50.87% Dividend Yield 2.95% In April, it announced it would be raising its dividend yet again, with its streak now sitting at an impressive 70 years, which is even longer than Coca-Cola's. Procter & Gamble has also been paying dividends since 1890. It's currently yielding 3%. ## American States Water The dividend stock with the most impressive track record is American State Water. Last month, the company announced it would raise its dividend by 8.2%, extending its streak to 72 consecutive years of annual increases. What's even more impressive is how generous the company has been with its rate increases: its policy is to grow dividends by an average of 7% annually, and its recent rate hikes have been well above that. With the increase, the stock pays 2.5% in dividends, yet it still has a manageable payout ratio of around 55%. Expand ![American States Water Stock Quote](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FXUi5wbmcmdz0xMjg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## NYSE: AWR American States Water Today's Change (1.12%) $0.97 Current Price $87.54 ### Key Data Points Market Cap $3.5BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary. Day's Range $86.15 - $87.80 52wk Range $69.45 - $90.11 Volume 196.7K Avg Vol 331.4K Gross Margin 50.92% Dividend Yield 2.30% The utility stock makes for a reliable long-term investment due to its growing dividend and the stability of its business, which provides customers with essential services. While consumers may cut back on discretionary purchases in tough times, including products sold by Coca-Cola and Procter & Gamble, it's far more difficult to cut back on utilities. That recurring, consistent demand is why utility stocks such as American States Water can be among the best dividend stocks to own. ### Related Stocks - [AWR.US](https://longbridge.com/en/quote/AWR.US.md) - [KO.US](https://longbridge.com/en/quote/KO.US.md) - [PG.US](https://longbridge.com/en/quote/PG.US.md) ## Related News & Research - [CocaCola Company (The) $KO Shares Sold by Resona Asset Management Co. Ltd.](https://longbridge.com/en/news/296591285.md) - [A $3.8 Billion Reason Why Procter & Gamble Stock Is in Focus Today](https://longbridge.com/en/news/294987679.md) - [Ross Stores declares $0.445 dividend](https://longbridge.com/en/news/296435373.md) - [Extra Space Storage declares $1.62 dividend](https://longbridge.com/en/news/296399271.md) - [MVB Financial declares $0.17 dividend](https://longbridge.com/en/news/296399187.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**