Coca-Cola, Altria Group, and Home Depot each pay dividends that could supplement Social Security income for someone retiring in 2027.
Coca-Cola (NYSE: KO) has raised its dividend for 64 consecutive years and yields 2.3%, paying 53 cents per share quarterly. The Atlanta-based soft drink maker's annualized five-year dividend growth rate stands at 4.46%. On October 27, the company reported third-quarter results that beat earnings expectations for the seventh consecutive quarter.
Altria Group (NYSE: MO) has increased its payout for 57 straight years. The company yields 6.05%, paying $1.11 per share each quarter, with an annualized five-year dividend growth rate of 4.12%. Altria focuses on tobacco, nicotine, and electronic vaping products.
Home Depot (NYSE: HD) has increased its dividend annually for 17 consecutive years. The stock yields 2.93%, paying $2.33 per share quarterly, with an annualized five-year dividend growth rate of 8.92%. The company has managed year-over-year revenue growth of nearly 6% despite a weak housing market.
Both Coca-Cola and Altria belong to the Dividend Kings club, which includes only stocks that have raised dividends for 50 consecutive years.