Dividend Investors Prioritize Consistent Payers Over Growth Stocks

Dividend investors often prioritize companies that have consistently increased their dividend payouts over time. This approach can lead to a steady stream of passive income that lasts for decades. One key aspect to consider when building such a portfolio is prioritizing dividend growth.

The list of Dividend Kings, which consists of companies that have raised their dividends in at least 50 consecutive years, is an excellent place to start. Coca-Cola and Lowe's are two notable examples of these businesses, having increased their payouts for 64 and 55 straight years, respectively. Procter & Gamble takes the crown with a staggering 70-year streak of dividend hikes.

The consumer goods giant has also maintained a dividend payment every year for an impressive 136 consecutive years. However, it's essential to remember that these mature businesses may not offer strong growth prospects in the future.