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Though it often goes by without a large party, 16 years can be an important milestone for dividend paying companies. The culture of dividend growth has been solidified in management, and 15 years is enough time to see some new faces, who enter into an organization that quickly imparts on them the importance of increasing dividends each year.

Not many companies can make it to this milestone, which is why those that do should be celebrated. In honor of their upcoming 16th birthday, here are 6 companies that have raised dividends for the past 15 years.

The TJX Companies (NYSE:TJX)

  • Current Price - $59.54
  • Current Yield - 1.28%

The TJX Companies, Inc. is an off-price apparel and home fashions retailer in the United States and worldwide. The company operates multiple off-price retail chains in the United States, Canada and Europe.

The 15th yearly dividend increase was on April 5, 2011, of 27% to $0.19 a share, or $0.76 annually.

Canadian National Railway (NYSE:CNI)

  • Current Price - $77.83
  • Current Yield - 1.6%

Canadian National Railway Company is engaged in the rail and related transportation business. The company manages its rail operations in Canada and the United States.

The 15th dividend raise came in the beginning of this year, when the quarterly rate was increased 20% to $0.325 per share, or $1.30 per year.

Church and Dwight Co (NYSE:CHD)

  • Current Price - $43.51
  • Current Yield - 1.6%

Church & Dwight & Co., Inc. develops, manufactures and markets a range of household, personal care and specialty products. The company operates in three business segments: consumer domestic, consumer international and specialty products.

The most recent raise was in February of this year, with a 100% bump from $0.17 to $0.34. Although soon after in May there was a 2-1 stock split, which brought the dividend per share back down to $0.17.

HCC Insurance Holdings (NYSE:HCC)

  • Current Price - $26.31
  • Current Yield - 2.4%

HCC Insurance Holdings, Inc. is a specialty insurer with offices in the United States, the United Kingdom, Spain and Ireland. The company underwrites a variety of relatively non-correlated specialty lines of business in approximately 180 countries, including property and casualty, accident and health, surety, credit and aviation.

The last raise was in August of this year, when the dividend was increased 6.8% from $0.145 to $0.155 per share quarterly, for an annual payout of $0.62.

Kinder Morgan Partners LP (NYSE:KMP)

  • Current Price - $76.94
  • Current Yield - 6%

Kinder Morgan Energy Partners, L.P. is a pipeline transportation and energy storage company in North America. KMP owns an interest in approximately 28,000 miles of pipelines and 180 terminals

The last raise was a 5% increase in distributions on October 19, 2011, from $1.11 to $1.16.

Murphy Oil Corporation (NYSE:MUR)

  • Current Price - $52.61
  • Current Yield - 2.1%

Murphy Oil Corporation is an oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom.

The company raised it's dividend for the 15th consecutive year with a 10% increase this past August from $0.25 to $0.275 per share, or $1.10 per year.

Disclaimer: This list provides general information, not individually targeted personalized advice. Investors should assess for themselves whether the advice is appropriate to their individual investment objectives, financial situation and particular needs before making any investment decision.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Sweet Sixteen: 6 Companies Nearing 16 Years of Growth