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Which of these 51 companies have raised their dividends for decades?

What this covers

Dividend streaks and yields for the companies in our coverage that state one, plus who froze, cut, or has never paid. All figures come from the company articles.

The streaks

These are the companies in our coverage whose articles state a run of consecutive dividend increases. A dash means the article gives the streak but not a yield.

Dividend streaks stated in the company articles (yields as of the date in each article)
CompanyStreakYield
Coca-Cola64 years of increases2.44%
Johnson & Johnson63 years of increases
Realty Income57 years of monthly dividends; 133 increases since 19945.17%
PepsiCo54 years of increases~4.2%
McDonald's50 years of increases
ExxonMobil43 years of increases
IBM30 years of increases~2.9%
WM23 years of increases~1.7%
Microsoft20 years of increases0.73%
UnitedHealth16 years of increases~2.35%
Apple14 years of increases0.35%
Deere5 years of increases
Cigna5 years of increases~2.3%
Bank of America5 years of increases~2.05%

How to read a streak

  • A long streak says something about habits, not the future. Coca-Cola and Johnson & Johnson have raised for over six decades, but Coca-Cola’s revenue growth has slowed to under 2% a year, which is why a dividend alone is not a growth case.
  • Yield and streak are different things. Apple (0.35%) and Microsoft (0.73%) raise their dividends every year, and the yield is still tiny. A rising dividend is not automatically an income stock.
  • Coverage matters more than length. Chevron’s 2025 dividend was 104% of net income, so its own articles look at what supports the payout, not just its history.

Frozen, suspended, or never paid

  • Suspended. Intel fully suspended its dividend in 2025 after a deep cut in 2024, directing cash toward its foundry build-out instead.
  • Frozen. CVS raised its quarterly payment from $0.605 to $0.665 in 2024 and has held it there since.
  • Not since 1967. Berkshire Hathaway has paid no dividend since 1967, on the view that reinvesting compounds better.
  • Never paid. Amazon, Palantir, CrowdStrike, AMD, Tesla, Palo Alto Networks, Synopsys, Cadence and Arista have not paid a dividend.

Dividends are one way a company returns cash. For how each company also uses buybacks, read its snapshot article, and for what its price assumes, see how to read a reverse DCF.

Frequently asked questions

Which company here has the longest dividend streak?

Coca-Cola, with 64 consecutive years of dividend increases, followed by Johnson & Johnson (63) and PepsiCo (54). Realty Income has paid monthly dividends for 57 years.

Which of these companies stopped paying a dividend?

Intel fully suspended its dividend in 2025 after a deep cut in 2024. CVS has kept its quarterly payment frozen at $0.665.

Figures come from each company’s reverse-DCF and snapshot articles and carry that article’s date. Not investment advice.