Dividend Champions: 169 Stocks With 25+ Years Without a Dividend Cut

These 169 companies have paid a dividend for at least 25 years without lowering it: every payment was equal to or higher than the one before. Hawaiian Electric Industries, Inc. (HE) offers the highest current yield at 11.0%. The median yield on the list is 2.28%.

169 companies

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Ticker Company Sector Dividend yield Payout ratio Market cap P/E
HE Hawaiian Electric Industries, Inc. Utilities 11.02% 0.68 1.58b 7.00
EPD Enterprise Products Partners L.P. Energy 8.06% — 80.48b 12.76
UHT Universal Health Realty Income Trust Real Estate 7.50% 2.15 537.60m 27.81
LCNB LCNB Corporation Financial 6.35% 0.45 262.43m 10.88
UVV Universal Corporation Consumer Defensive 5.95% 0.86 1.06b 55.88
NNN NNN REIT, Inc. Real Estate 5.73% 1.08 7.98b 20.25
AVA Avista Corporation Utilities 5.59% 0.93 2.94b 12.68
OKE ONEOK, Inc. Energy 5.56% 0.70 57.48b 15.31
NWN Northwest Natural Gas Company Utilities 5.49% 0.69 1.99b 15.66
AUBN Auburn National Bancorporation, Inc. Financial 5.30% 0.36 94.73m 11.30
BKH Black Hills Corporation Utilities 5.06% 0.67 5.33b 17.75
BMY Bristol Myers Squibb Company Healthcare 5.04% 0.60 125.91b 13.85
SFNC Simmons First National Corporation Financial 4.69% 0.37 3.38b 0.00
BHB Bar Harbor Bankshares, Inc. Financial 4.60% 0.34 666.12m 13.12
BOH Bank of Hawaii Corporation Financial 4.59% 0.56 2.81b 13.26
AROW Arrow Financial Corporation Financial 4.47% 0.46 691.49m 12.15
UPS United Parcel Service, Inc. Industrials 4.44% 0.54 78.73b 17.43
UVSP Univest Corporation of Pennsylvania Financial 4.38% 0.30 1.15b 12.08
UBSI United Bankshares, Inc. Financial 4.32% 0.49 6.34b 12.73
INDB Independent Bank Corp. Financial 4.27% 0.36 3.80b 14.68
LARK Landmark Bancorp Inc. Financial 4.23% 0.41 191.07m 9.69
WLY John Wiley & Sons, Inc. Communication Services 4.15% 0.80 2.46b 12.38
ESS Essex Property Trust, Inc. Real Estate 4.15% 1.10 18.05b 42.24
CBU Community Financial System, Inc. Financial 4.12% 0.62 3.20b 14.29
KMB Kimberly-Clark Corporation Consumer Defensive 4.10% 0.96 32.32b 16.74
MTB M&T Bank Corporation Financial 4.05% 0.29 31.58b 11.60
NFG National Fuel Gas Company Energy 4.01% 0.32 7.51b 10.90
ARTNA Artesian Resources Corporation Utilities 4.00% 0.64 344.27m 14.46
EMN Eastman Chemical Company Basic Materials 3.95% 0.53 7.57b 17.30
NTRS Northern Trust Corporation Financial 3.93% 0.54 31.93b 15.01
PEG Public Service Enterprise Group Incorporated Utilities 3.92% 0.40 33.15b 16.67
HPQ HP Inc. Technology 3.91% 0.45 27.98b 11.80
FCAP First Capital, Inc. Financial 3.89% 0.27 204.52m 10.90
NBTB NBT Bancorp Inc. Financial 3.86% 0.37 2.66b 12.58
WLYB John Wiley & Sons, Inc. Communication Services 3.75% 4.48 2.06b 12.44
SWK Stanley Black & Decker, Inc. Industrials 3.73% 0.86 13.62b 22.24
IBM International Business Machines Corporation Technology 3.70% 2.81 214.41b 19.70
GIS General Mills, Inc. Consumer Defensive 3.68% 0.54 18.69b 0.00
CFR Cullen/Frost Bankers, Inc. Financial 3.68% 0.33 9.71b 14.88
ED Consolidated Edison Inc Utilities 3.68% 0.46 37.85b 16.87
XOM ExxonMobil Holdings Corporation Energy 3.67% 0.29 661.52b 20.67
SON Sonoco Products Company Consumer Cyclical 3.56% 0.41 4.94b 7.96
ALRS Alerus Financial Financial 3.48% 0.39 802.92m 29.79
TRMK Trustmark Corporation Financial 3.45% 0.54 2.68b 11.66
WTRG Essential Utilities Inc. Utilities 3.40% 0.65 11.28b 20.17
GABC German American Bancorp, Inc. Financial 3.40% 0.31 1.85b 13.06
ADM Archer Daniels Midland Company Consumer Defensive 3.39% 0.23 39.23b 22.22
UTL Unitil Corporation Utilities 3.37% 0.59 927.15m 16.09
GEF Greif, Inc. Consumer Cyclical 3.32% 0.30 4.35b 13.56
CHRW C.H. Robinson Worldwide, Inc. Industrials 3.28% 0.53 17.08b 27.70
MATW Matthews International Corporation Industrials 3.27% 9.56 599.92m 0.00
TXN Texas Instruments Incorporated Technology 3.25% 0.58 249.33b 41.88
APD Air Products and Chemicals, Inc. Basic Materials 3.24% 0.69 63.35b 0.00
CLX The Clorox Company Consumer Defensive 3.13% 3.93 9.95b 17.39
JNJ Johnson & Johnson Healthcare 3.07% 0.93 652.82b 31.43
HNI HNI Corporation Consumer Cyclical 3.04% 0.79 3.37b 428.64
KO CocaCola Company (The) Consumer Defensive 3.02% 0.75 379.18b 26.37
LMT Lockheed Martin Corporation Industrials 2.99% 0.43 120.73b 19.07
CINF Cincinnati Financial Corporation Financial 2.99% 0.34 24.91b 7.58
BG Bunge Global SA Consumer Defensive 2.96% 0.19 21.17b 21.24
LKFN Lakeland Financial Corporation Financial 2.94% 0.47 1.46b 13.62
PII Polaris Inc. Consumer Cyclical 2.92% 0.24 2.98b 0.00
TGT Target Corporation Consumer Defensive 2.91% 0.59 72.51b 16.27
HWC Hancock Whitney Corporation Financial 2.88% 0.19 5.89b 14.37
CHCO City Holding Company Financial 2.85% 0.33 1.97b 15.52
CHMG Chemung Financial Corp Financial 2.84% 0.21 395.79m 11.78
PEP PepsiCo, Inc. Consumer Defensive 2.84% 0.83 174.47b 16.86
HRB H&R Block, Inc. Consumer Cyclical 2.83% 0.33 5.25b 7.38
EGP EastGroup Properties, Inc. Real Estate 2.80% 1.34 10.89b 35.29
RTX RTX Corporation Industrials 2.71% 0.59 253.92b 32.94
GPC Genuine Parts Company Consumer Cyclical 2.66% 0.42 17.82b 498.50
SYBT Stock Yards Bancorp, Inc. Financial 2.64% 0.30 2.43b 15.56
SSB SouthState Bank Corporation Financial 2.62% 0.28 9.88b 10.71
SXT Sensient Technologies Corporation Basic Materials 2.61% 0.52 5.46b 34.74
SNA Snap-On Incorporated Industrials 2.59% 0.35 19.02b 18.54
MRK Merck & Co., Inc. Healthcare 2.58% 2.36 365.36b 119.02
SYY Sysco Corporation Consumer Defensive 2.55% 0.57 38.46b 21.44
AFL Aflac Incorporated Financial 2.48% 0.22 57.16b 12.15
HSY Hershey Company (The) Consumer Defensive 2.47% 0.48 33.49b 18.39
CL Colgate-Palmolive Company Consumer Defensive 2.41% 1.06 68.32b 33.88
FFIN First Financial Bankshares, Inc. Financial 2.39% 0.45 4.61b 17.26
HD The Home Depot, Inc. Consumer Cyclical 2.29% 0.50 292.16b 20.47
R Ryder System, Inc. Industrials 2.28% 0.22 9.06b 19.17
ABM ABM Industries Incorporated Industrials 2.28% 0.24 2.90b 17.91
YORW The York Water Company Utilities 2.27% 0.55 498.95m 19.24
MSEX Middlesex Water Company Utilities 2.25% 0.59 997.03m 20.57
CPK Chesapeake Utilities Corporation Utilities 2.25% 0.44 3.09b 20.44
CBSH Commerce Bancshares, Inc. Financial 2.24% 0.27 8.00b 13.66
AWR American States Water Company Utilities 2.21% 0.50 3.27b 22.62
NSC Norfolk Southern Corporation Industrials 2.19% 0.47 70.34b 26.73
RGA Reinsurance Group of America, Incorporated Financial 2.10% 0.28 16.03b 10.80
EMR Emerson Electric Co. Industrials 2.08% 0.37 87.37b 34.62
GD General Dynamics Corporation Industrials 2.08% 0.42 91.18b 20.27
CBT Cabot Corporation Basic Materials 2.07% 0.29 4.06b 22.12
SMBC Southern Missouri Bancorp, Inc. Financial 2.06% 0.22 795.27m 11.20
EG Everest Group, Ltd. Financial 2.02% 0.48 14.26b 7.83
LOW Lowe's Companies, Inc. Consumer Cyclical 1.99% 0.41 105.68b 15.99
CAH Cardinal Health, Inc. Healthcare 1.98% 1.99 51.55b 30.34
ADP Automatic Data Processing, Inc. Technology 1.96% 0.58 104.23b 24.04
PPG PPG Industries, Inc. Basic Materials 1.92% 0.45 23.63b 15.32
OTTR Otter Tail Corporation Industrials 1.83% 0.26 3.71b 19.17
ROK Rockwell Automation, Inc. Industrials 1.82% 0.38 48.14b 40.69
APOG Apogee Enterprises, Inc. Industrials 1.79% 0.21 757.73m 11.52
NOC Northrop Grumman Corporation Industrials 1.73% 0.23 72.35b 16.19
CAT Caterpillar Inc. Industrials 1.69% 0.33 373.15b 35.17
OLN Olin Corporation Basic Materials 1.63% 0.13 1.91b 0.00
BDX Becton, Dickinson and Company Healthcare 1.56% 0.65 48.82b 55.37
XRAY DENTSPLY SIRONA Inc. Healthcare 1.54% 0.27 1.90b 0.00
UNH UnitedHealth Group Incorporated Healthcare 1.53% 0.31 336.83b 24.23
BRC Brady Corporation Industrials 1.53% 0.26 3.88b 19.31
WSFS WSFS Financial Corporation Financial 1.48% 0.13 3.95b 13.04
SIGI Selective Insurance Group, Inc. Financial 1.47% 0.27 5.11b 10.68
RPM RPM International Inc. Basic Materials 1.47% 0.42 12.59b 19.39
HUBB Hubbell Inc Industrials 1.46% 0.36 25.77b 27.53
TTC Toro Company (The) Industrials 1.44% 0.37 9.17b 25.91
DE Deere & Company Industrials 1.43% 0.14 187.72b 38.25
LIN Linde PLC Basic Materials 1.33% 0.43 214.90b 30.20
DOV Dover Corporation Industrials 1.31% 0.28 25.31b 22.93
RS Reliance, Inc. Basic Materials 1.31% 0.15 19.70b 22.38
EXPD Expeditors International of Washington, Inc. Industrials 1.25% 0.20 25.26b 27.17
BCO Brink's Company (The) Industrials 1.25% 0.34 4.36b 24.81
JKHY Jack Henry & Associates, Inc. Technology 1.21% 0.40 10.36b 21.20
CWCO Consolidated Water Co. Ltd. Utilities 1.20% 0.36 446.92m 27.03
PH Parker-Hannifin Corporation Industrials 1.16% 0.34 122.96b 33.85
IEX IDEX Corporation Industrials 1.15% 0.40 16.84b 33.01
LECO Lincoln Electric Holdings, Inc. Industrials 1.12% 0.30 14.52b 26.90
FUL H. B. Fuller Company Basic Materials 1.11% 0.30 2.61b 14.66
TNC Tennant Company Industrials 1.10% 0.21 1.13b 65.13
GVA Granite Construction Incorporated Industrials 1.10% 0.54 4.85b 0.00
LNN Lindsay Corporation Industrials 1.09% 0.21 1.14b 21.80
NDSN Nordson Corporation Industrials 1.07% 0.30 18.01b 32.81
ECL Ecolab Inc. Basic Materials 1.06% 0.51 77.19b 37.27
ITT ITT Inc. Industrials 1.02% 0.22 19.13b 40.29
AIN Albany International Corporation Consumer Cyclical 1.01% 0.36 1.72b 0.00
VMI Valmont Industries, Inc. Industrials 1.01% 0.18 8.98b 18.03
AJG Arthur J. Gallagher & Co. Financial 1.00% 0.41 58.21b 37.82
LII Lennox International, Inc. Industrials 0.96% 0.28 12.71b 16.83
FELE Franklin Electric Co., Inc. Industrials 0.91% 0.20 4.28b 27.73
SHW The Sherwin-Williams Company Basic Materials 0.90% 0.27 78.05b 30.03
CSL Carlisle Companies Incorporated Industrials 0.88% 0.20 12.48b 18.61
FDS FactSet Research Systems Inc. Financial 0.86% 0.31 9.65b 17.90
GWW W.W. Grainger, Inc. Industrials 0.83% 0.20 60.08b 31.65
CAL Caleres, Inc. Consumer Cyclical 0.83% 0.07 430.97m 8.29
AIT Applied Industrial Technologies, Inc. Industrials 0.78% 0.16 12.20b 30.08
LLY Eli Lilly and Company Healthcare 0.72% 0.59 1.11t 39.71
RNR RenaissanceRe Holdings Ltd. Financial 0.70% 0.19 13.73b 5.57
BRO Brown & Brown, Inc. Financial 0.67% 0.17 20.19b 16.95
WTS Watts Water Technologies, Inc. Industrials 0.65% 0.16 12.04b 31.30
EFX Equifax, Inc. Industrials 0.64% 0.37 17.48b 25.85
AME AMETEK, Inc. Industrials 0.64% 0.18 66.03b 36.50
CASY Casey's General Stores, Inc. Consumer Cyclical 0.62% 0.13 22.17b 28.68
VSEC VSE Corporation Industrials 0.59% 0.15 5.06b 57.59
MTX Minerals Technologies Inc. Basic Materials 0.57% 0.07 2.07b 0.00
MLM Martin Marietta Materials, Inc. Basic Materials 0.54% 0.17 34.10b 11.88
TFX Teleflex Incorporated Healthcare 0.54% 0.17 5.09b 0.00
WAB Wabtec Industrials 0.50% 0.17 49.02b 38.64
KWR Quaker Houghton Basic Materials 0.48% 3.66 2.74b 29.06
MCK McKesson Corporation Healthcare 0.47% 0.08 101.76b 23.09
ALG Alamo Group, Inc. Industrials 0.41% 0.08 1.94b 19.00
CASH Pathward Financial, Inc. Financial 0.40% 0.03 1.53b 9.21
BELFB Bel Fuse Inc. Technology 0.40% 0.05 3.52b 61.04
CTS CTS Corporation Technology 0.36% 0.09 1.70b 24.63
FCNCA First Citizens BancShares, Inc. Financial 0.35% 0.00 22.89b 11.18
CHDN Churchill Downs, Incorporated Consumer Cyclical 0.30% 0.08 5.53b 13.65
RVTY Revvity Inc. Healthcare 0.27% 0.05 16.81b 71.96
CHE Chemed Corporation Healthcare 0.26% 0.10 6.54b 25.70
BA The Boeing Company Industrials 0.16% 0.00 156.38b 74.18
WST West Pharmaceutical Services, Inc. Healthcare 0.14% 0.11 26.29b 47.07
COHU Cohu, Inc. Technology — 0.00 3.03b 0.00

Updated 26 September 2026

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