Dividend Kings: Coca-Cola, Procter & Gamble, and American States Water Shine

Three companies have demonstrated remarkable consistency in raising their dividend payments for over 60 years. These 'Dividend Kings' are Coca-Cola (KO), Procter & Gamble (PG), and American States Water (AWR). The past doesn't guarantee future success, but these long-term records of growth suggest resilience.

Coca-Cola recently announced a 64th consecutive year of dividend increases, with the quarterly payout rising from 51 cents to 53 cents. This represents an annualized return of 2.4% for investors. Despite its significant 24% rally this year, Coca-Cola remains a solid buy-and-hold investment due to its stable business and strong brand power.

Procter & Gamble has extended its streak to 70 years with a recent dividend increase, making it one of the longest-running dividend payers in history. Its diversified portfolio, including hair care, oral care, and personal care products, contributes to its stability. The company currently yields 3%.

American States Water boasts an impressive 72 consecutive years of annual dividend increases, with a recent hike of 8.2%. Its policy is to grow dividends by an average of 7%, making it one of the most generous companies in this regard. With a manageable payout ratio of around 55%, investors can rely on its stable utility business.