These elite dividend stocks have raised their payments for over 60 consecutive years

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S&P’s Howard Silverblatt shares the companies that have been raising their dividends for more than 60 years.

Through recessions and economic booms, over decades of market volatility, only eight companies in the S & P 500 have hiked their annual dividends year-in and year-out for at least 60 years. Given the recent turmoil across the banking sector and increased fears of a broader economic downturn, investors seeking to pocket steady income can turn to these companies, which are the most reliable of a group known as "dividend aristocrats.

Meanwhile, Dover has increased its dividend for 67 years — nearly every year since its inception in 1955. The Illinois-based company offers has a dividend yield of 1.48%. Over the years, it has completed numerous acquisitions into highly consolidated end markets , including in retail refrigeration equipment, industrial printing and clean energy. As of Friday's close, Dover's stock is up nearly 1% this year.

 

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