Generous dividend stocks that reliably raise their payouts year after year can be an important piece of an income portfolio. A smart way to identify attractive dividend stocks is to focus on the Dividend Aristocrats, 50 companies in Standard & Poor’s 500-index that have raised dividends for at least 25 years in a row.
Big Dividend Aristocrats with yields of more than 3% are well known to income investors and feature prominently in many retirement portfolios. (Think AT&T (T), Exxon Mobil (XOM), Procter & Gamble (PG), Coca-Cola (KO) and the like.) But there are many smaller Dividend Aristocrats with above-average yields that can go unnoticed. Take a look at five surprising dividend stocks with 3%-plus yields whose dividends have increased annually for 25 years or more.