Dover Corporation’s 60-Year Streak of Paying Dividends
Among the good things in life, including driving to work without hitting any stoplights, a stock with a 60-year streak of dividend increases certainly makes the cut. Founded in 1955, Dover Corporation (DOV) became just the second active company with 60 straight years of dividend hikes. This record is second only to California-based water and electricity provider American States Water’s (AWR) 61-year record.
Genuine Parts Company (GPC) and Northwest Natural Gas (NWN), respective players in the automotive (FSAVX) and utilities (XLU) markets, trail close behind with 59 years in this exclusive club. Parker-Hannifin (PH) is next with a 58-year record.
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Source: Market Realist