Core Insights - Three companies, Realty Income, Verizon, and Pfizer, have consistently raised their dividend payouts for over 16 years while offering attractive yields above 5% [2] Group 1: Realty Income - Realty Income has been providing monthly dividend payments for over 50 years, but its stock price has declined about 22% from its peak three years ago [4] - The company employs net leases, which ensure predictable cash flows, and has raised its dividend 131 times since going public in 1994 [5] - Realty Income's stock currently offers a yield of 5.5%, with total distributions in Q2 increasing by 3.7% year over year [6] - As of June, 98.6% of Realty Income's 15,606 properties were occupied, with an average lease term of nine years, ensuring steady cash flow growth [7] Group 2: Verizon - Verizon's stock is down about 28% from its all-time high in late 2019, yet it has raised its dividend for 18 consecutive years, currently offering a yield of 6.1% [8][9] - The company's wireless service revenue rose 2.2% year over year to $20.9 billion in Q2, contributing to a total revenue increase of 5.2% [9] - Verizon has raised its free cash flow forecast for 2025 to between $19.5 billion and $20.5 billion, indicating the ability to maintain dividends while reducing debt [10] Group 3: Pfizer - Pfizer's stock has decreased by about 59% from its 2021 peak, primarily due to concerns over expiring drug patents, but it has raised its dividend every year since 2009, currently offering a yield of 6.8% [11] - The company anticipates a revenue decline of $17 billion to $18 billion due to patent expirations starting in 2026, but it has prepared for this by acquiring Seagen for $43 billion [12] - By 2030, assets from Seagen and other acquisitions are expected to generate over $20 billion in annual sales, potentially allowing Pfizer to continue its dividend-raising streak [13]