5 Stocks That Raise Dividends Year In, Year Out

investing.com:

The allure of dividends has always been a compelling factor for investors. In this article, we'll take a look at companies that not only offer an attractive dividend yield but also consistently and progressively increase their payouts in recent years.

In this context, let's delve into five stocks that stand out for their impressive dividends, guided by insights from InvestingPro.

Phillips 66 (NYSE:PSX) works with oil and gas, specifically transports, stores, and delivers it. It was founded in 1875 and is headquartered in Houston.

On December 1 it will distribute a dividend of $1.05 per share and to get it you have to own shares before November 16. The annual dividend yield is +3.70%. It has increased the dividend for 12 consecutive years.

Source: InvestingPro

On January 26, it will present its quarterly results.

Its shares are up +7% in the last year. Investors are attentive to the movements of oil prices, as a rise in crude oil benefits the company.

The market sees potential at $130.64, while InvestingPro models see it at $149.40.

Source: InvestingPro

Marathon Petroleum (NYSE:MPC) is a leading oil transportation, marketing and refining company.

It was a subsidiary of Marathon Oil (NYSE:MRO) until its corporate spin-off in 2011. It was founded in 1887 and is headquartered in Findlay, Ohio.

It will distribute a dividend of $0.825 per share on December 11, and to get it you must own shares by November 15. The annual dividend yield is +2.27%. It has increased the dividend for 11 consecutive years.

Source: InvestingPro

It presents its quarterly accounts on January 31 and is expected to increase actual revenue by +14.57% and earnings per share (EPS) by +18.59%.

Source: InvestingPro

Its shares are up +23.33% over the past