5 Dividend Stocks That Give You Consistent Raises

According to Bankrate.com, savings accounts yields average roughly 0.47% and five-year certificates of deposit (CDs) average roughly 1.71%. All individuals need to assume a little more risk if they want a higher rate of income. Looking for stocks that belong to the “dividend aristocrat” list represents a good place to start the search for higher yields. Dividend aristocrats include companies that have raised their dividends for at least 25 consecutive years, giving an indication of their financial prudence. Typically these are large, mature companies that grow revenue and earnings slowly.

Keep in mind that investing in conservatively managed companies such as these comes with a little more risk than investing in a savings account or CD, but it also provides the potential for a higher yield and small capital gains to boost your future income. Let’s take a look at five companies that consistently give their shareholders raises: AT&T Inc. (NYSE: T), Coca-Cola Co. (NYSE: KO), PepsiCo Inc. (NYSE: PEP), Genuine Parts Co. (NYSE: GPC) and Wal-Mart Stores Inc. (NYSE: WMT).

Source: 24/7 Wall St.

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