Dividend Stocks Stand the Test of Time: 5 Companies Defy Economic Downturns
A recent analysis by 24/7 Wall St has identified five dividend stocks that have successfully navigated every US recession since 1972. These companies, Johnson & Johnson (JNJ), Procter & Gamble (PG), Coca-Cola (KO), Colgate-Palmolive (CL), and PepsiCo (PEP), boast a remarkable track record of uninterrupted dividend increases.
The list is topped by Procter & Gamble, which has marked its 70th consecutive year of dividend increases and 136 years of continuous payments. Johnson & Johnson follows closely with 64 straight years of raises, while Coca-Cola and Colgate-Palmolive have both seen their payouts increase for 63 and 62 consecutive years, respectively.
PepsiCo rounds out the top five, boasting a 53-year streak of uninterrupted dividend increases. All five companies have demonstrated pricing power on essential products that consumers refuse to give up during economic downturns.