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Consumer spending increased in February by 1.1% compared with January, showing that the consumer is ready to spend and is not being held back by rising gas prices. Retail sales also rose in February, which makes for a good setup for all retail dividend stocks. We have also noticed that analysts are starting to favor stocks in the consumer goods sector.

Rising revenue will certainly be a driving force that pushes consumer stocks higher. When we consider which consumer goods companies to invest in we browse the sector looking for companies with strong dividend growth because dividend growth drives ROI. We found seven consumer goods stocks that have a dividend yield over 2% and have increased their dividend for 35 years or more. Of course these consecutive dividend increases cannot be found using a stock screener.

Kimberly-Clark Corp (NYSE:KMB)

Kimberly-Clark is a consumer-focused global company that manufactures and sells products in the Personal Care, Consumer Tissue and Healthcare sectors. KMB has a dividend yield of 3.9% compared with its five-year yield average of 4.2%. The company has increased its dividend for 37 consecutive years and has a five-year dividend growth rate of 7.2%. It has a payout ratio of 59%.

Colgate-Palmolive (NYSE:CL)

Colgate-Palmolive is a consumer products company that sells personal care, home care and pet nutrition products in over 200 countries. CL has a dividend yield of 2.5% and a five-year dividend growth rate of 12.7%. The company has increased its dividend for 49 consecutive years and has a payout ratio of 47%.

Procter & Gamble (NYSE:PG)

Procter & Gamble is in the consumer packaged goods business. Their products are sold in over 180 countries and can be found in grocery and wholesale stores. PG has a dividend yield of 3.1% compared with its five-year yield average of 2.9%. The company has increased its dividend for 58 consecutive years and has a five-year dividend growth rate of 11.1%. PG has a payout ratio of 62%

The Coca-Cola Company (NYSE:KO)

The Coca-Cola Company is a global beverage company that has over 500 brands sold worldwide. KO has a dividend yield of 2.7% compared to its five-year yield average of 2.9%. The company started paying dividends in 1893 and has increased its dividend for 49 consecutive years. It has a five-year dividend growth rate of 8.7% and a three-year dividend growth rate of 6.5%. KO has a payout ratio of 51%.

PepsiCo (NYSE:PEP)

PepsiCo is a global food and beverage company that sells its snacks and drinks globally. Pepsi has a dividend yield of 3.2%, which is higher than its five-year yield average of 2.9%. The company started paying dividends in 1952 and has raised its dividend for 40 consecutive years. It has a five-year dividend growth rate of 11.6% and a payout ratio of 52%.

Universal Corp (NYSE:UVV)

Universal is a global tobacco merchant that processes and sells tobacco products around the world. Universal has a dividend yield of 4.2%, which is very close to its five-year yield average of 4.3%. The company started paying dividends in 1927 and has increased its dividend for 41 consecutive years. It has a five-year dividend growth rate of 2.2% and a payout ratio of 64%.

The Hershey Company (NYSE:HSY)

Hershey is a North American chocolate and sugar confectionery products. It has over 80 brands, which include baking ingredients, gum and beverages. Its products are sold in over 70 countries. HSY has a dividend yield of 2.3%, which and a payout ratio of 52%, far below its five-year payout ratio average of 78%. The company started paying dividends in 1930 and has increased its dividend for 37 consecutive years. Hershey has a five-year dividend growth rate of 6.1%.

Source: 7 Consumer Goods Stocks With 35 Years Of Dividend Increases