5 Best Dividend Stocks of All Time

In this article, we discuss 5 best dividend stocks of all time. If you want to read our detailed analysis of dividend stocks and their historical performance, go directly to read 16 Best Dividend Stocks of All Time. 

5. Colgate-Palmolive Company (NYSE:CL)

Number of Hedge Fund Holders: 54
Consecutive Years of Dividend Payments: 129

Colgate-Palmolive Company (NYSE:CL) is an American multinational consumer goods company that is mainly known for its oral care, personal care, and home care products. The company has been paying regular dividends to its shareholders since 1895 and also maintains a 62-year streak of consistent dividend growth. These aspects make CL one of the best dividend stocks of all time. The company offers a quarterly dividend of $0.50 per share and has a dividend yield of 2.28%, as of April 6.

At the end of the fourth quarter of 2023, 54 hedge funds tracked by Insider Monkey reported having stakes in Colgate-Palmolive Company (NYSE:CL), up from 52 in the preceding quarter. The collective value of these stakes is more than $2.8 billion.

4. The Coca-Cola Company (NYSE:KO)

Number of Hedge Fund Holders: 62
Consecutive Years of Dividend Payments: 104

An American multinational beverage company, The Coca-Cola Company (NYSE:KO) is next on our list of the best dividend stocks of all time. On February 15, the company announced a 5.4% hike in its quarterly dividend to $0.485 per share. Through this increase, the company stretched its dividend growth streak to 62 years. Moreover, it has been making regular dividend payments to shareholders since 1920. In 2023, it returned nearly $8 billion to shareholders through dividends. The stock’s dividend yield on April 6 came in at 3.26%.

At the end of December 2023, 62 hedge funds held stakes in The Coca-Cola Company (NYSE:KO), growing from 57 in the previous quarter, as per Insider Monkey’s database. The collective value of these stakes is nearly $27 billion. With 400 million shares, Berkshire Hathaway was the company’s leading stakeholder in Q4.

3. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 71
Consecutive Years of Dividend Payments: 134

The Procter & Gamble Company (NYSE:PG) is a multinational consumer goods company that is known for producing a wide range of household, personal care, and hygiene products. The company has paid regular dividends to shareholders for the past 133 years since its inception in 1890. In addition to this, it has been rewarding shareholders with growing dividends for the past 67 years, which makes PG one of the best dividend stocks on our list. The stock has a dividend yield of 2.41%, as of April 6.

Insider Monkey’s database of Q4 2023 indicated that 71 hedge funds held stakes in The Procter & Gamble Company (NYSE:PG), compared with 75 in the previous quarter. The total value of these stakes is nearly $6 billion.

2. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 85
Consecutive Years of Dividend Payments: 142

Exxon Mobil Corporation (NYSE:XOM) is an American multinational energy corporation that specializes in the distribution of oil, natural gas, and petroleum-based products. The company has been growing its dividends for the past 41 years. It initiated its dividend policy in 1882 and has paid regular dividends to shareholders since then, which makes XOM one of the best dividend stocks of all time. The stock has a dividend yield of 3.32%, as of April 6.

The number of hedge funds in Insider Monkey’s database owning stakes in Exxon Mobil Corporation (NYSE:XOM) grew to 85 in Q4 2023, from 79 in the previous quarter. These stakes have a total value of over $4.47 billion. With over 13 million shares, First Eagle Investment Management was the company’s leading stakeholder in Q4.

1. Eli Lilly and Company (NYSE:LLY)

Number of Hedge Fund Holders: 102
Consecutive Years of Dividend Payments: 139

Eli Lilly and Company (NYSE:LLY) tops our list of the best dividend stocks of all time. The American multinational pharmaceutical company has never missed its dividend since 1885. Moreover, the company has increased its payouts for 10 consecutive years. It currently offers a quarterly dividend of $1.30 per share and has a dividend yield of 0.66%, as of April 6.

At the end of December 2023, 102 hedge funds in Insider Monkey’s database reported having stakes in Eli Lilly and Company (NYSE:LLY), the same as in the previous quarter. The collective value of these stakes is over $11.1 billion.

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