These companies have managed to boost distributions through two world wars, the cold war, several oil price shocks and countless recessions. Their strong business models have helped them to consistently find new ways to increase sales, pass on cost increases to consumers and gain market share, that has resulted in higher profits and dividends over the past century.
Investors should study each of these companies, in order to identify the characteristics that have enabled them to pay dividends every year for so long. This list is by no means a complete one of course, but it includes those rare companies that have listed their complete dividend histories, spanning back over decades:
International Business Machines Corporation (IBM)
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The company has raised dividends for 18 years in a row, and has consistently paid them since 1913. The company sells for 12.40 times earnings and yields 2%. Check my analysis of IBM.
Exxon Mobil Corporation (XOM)
Exxon engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products, as well as transportation and sale of crude oil, natural gas, and petroleum products. The company has raised dividends for 31 years in a row, and has consistently paid them since 1911. The company sells for 12.70 times earnings and yields 2.70%. Check my analysis of Exxon-Mobil.
The Bank of Nova Scotia (BNS)
BNS, together with its subsidiaries, offers various personal, commercial, corporate, and investment banking services in Canada and internationally. It operates through four segments: Canadian Banking, International Banking, Global Wealth Management, and Scotia Capital. The company has paid dividends since 1892, maintained its distributions dyring the crisis of 2007 -2009 and has bee boosting them again over the past few years. The company sells for 10.80 times earnings and yields 4%.
Edison International (EIX)
Edison International (EIX), through its subsidiaries, engages in the generation and distribution of electric power. It operates in two segments, Electric Utility and Competitive Power Generation. The company has raised dividends for 11 years in a row, and has consistently paid them since 1910. The company sells for 18.60 times earnings and yields 2.70%.
Kellogg, which has paid dividends for almost 90 years in a row, and has a listing of all the payments since 1925. Kellogg has also raised dividends for 9 years in a row. The company sells for 12.50 times earnings and yields 3%. Check my analysis of Kellogg.
Source: Dividend Growth Investor
While his background is mostly related to trading stocks, he recently gained interest in real estate crowdfunding with Fundrise.