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By David Braverman As long-term investors in good-quality dividend-paying stocks know, time is your ally. That's especially true when it comes to companies that hike their dividend each year.
Case in point: The following 10 companies have a long-term record of raising their dividends. Each company has had an increase in each of the last 19 years.
Here's the really good part. For each of these issues, the current dividend represents at least 60% of the stock price 18 years ago!
Compass Bancshares (CBSS)Conagra (CAG)Fifth Third Bancorp (FITB)Franklin Resources (BEN)National Commerce Financial (NCBCE)Philip Morris (MO
)Synovus Financial (SNV
)U.S. Bancorp (USB
)Wilmington Trust (WL
) Braverman is a senior investment strategist for Standard & Poor's