Three Dividend Stocks with Unbroken Payout Histories to Consider in October
Realty Income, Coca-Cola, and Procter & Gamble are three top dividend stocks that have never cut their payouts, making them excellent candidates for investors looking for reliability in an uncertain market. Realty Income, a real estate investment trust (REIT), has paid a monthly dividend for 675 consecutive months, or more than 56 years, and has raised it for 116 quarters. Nearly 80% of its properties are leased to major retail chains like Walmart and Home Depot, with a 98.8% occupancy rate. The company has recently diversified into new areas, including gaming and industrials, and is expanding globally, particularly in Europe.
Coca-Cola has achieved Dividend King status, having raised its dividend for 64 consecutive years. Despite recent challenges from the pandemic and inflation, the company reported a 7% year-over-year sales increase in the second quarter, with operating income up 9%. Coca-Cola's stock has outperformed the market over the past year, up 32%, double the S&P 500's 16% total gain. Its dividend yield stands at 2.5%, offering reliable passive income.
Procter & Gamble boasts an even longer dividend track record, having raised its dividend for 70 years, with a current yield of 3%. The company behind well-known brands like Tide, Pampers, and Crest reported a 3% year-over-year sales increase in fiscal 2026, with EPS up 2%. Despite rising costs, management provided a positive outlook for fiscal 2027, underscoring the company's rock-solid business model and its ability to sustain dividend growth.
These three stocks offer a combination of reliability, strong dividend histories, and the potential for long-term growth, making them attractive options for investors seeking stability in volatile markets.