Dividend Stocks That Can Help You Become a Millionaire

Ironically, the most likely path to getting rich in the stock market is usually pretty boring. It takes consistency, patience, and picking the right stocks that can deliver over decades.

But what does the right stock look like? It’s worth considering dividend stocks, and more specifically companies that consistently increase their dividends. Historical data shows that dividend growers and initiates have outperformed other types of stocks over the long term.

Companies that increase their dividends tend to:

1. Sustained profits from competitive advantage.
2. Prudent management that maintains a sound financial condition of the company.
3. This is a growth opportunity that can lead to higher sales and profits over time.

Introducing five blue chip dividend stocks that have maintained consistent dividend growth for a long time. Owning it as part of a diversified portfolio and reinvesting the dividends can help anyone become a millionaire over time.

1. Microsoft

The technology sector isn’t generally known for its dividends. microsoft (MSFT 1.45%) This is a notable exception. The company has raised its dividend for 23 consecutive years. This is an impressive achievement considering our continued investments in innovation, including artificial intelligence (AI) and cloud computing. Microsoft operates a diverse range of businesses, with a strong presence across consumer and enterprise software, infrastructure, and gaming.

today’s change

(-1.45%) $-7.62

current price

$518.14

Key data points

market capitalization

$384.9 billion

work range

$515.10 – $529.23

52 week range

$344.79 – $555.45

volume

1.5 million

average volume

21M

gross profit

68.76%

dividend yield

0.01%

Having such a wide range of products and services means there is no shortage of growth opportunities. Technology has become increasingly important to society over the past few decades, and this trend will continue as AI advances. While the stock’s 0.6% dividend yield is unremarkable, the company’s long-term growth prospects should translate into significant dividend increases in the near future.

2. McDonald’s

Everyone eats, McDonald’s Corporation (MCD 1.32%) Transforming basic needs into a global empire with a little innovation and an American flair. The company revolutionized the restaurant industry with franchising decades ago and is now a real estate giant with locations spanning more than 44,000 locations in 100 countries.

McDonald’s generates consistent revenue from royalties and fees, making the stock a fantastic dividend grower. Management has raised its dividend for 49 consecutive years, putting it on the brink of a fairly luxurious club. McDonald’s should continue to grow steadily as the world’s population grows, which could make investors quite wealthy over 20 to 30 years.

3. Automatic data processing

Human resource management is a very important task, but one that few companies can accomplish without help. Automatic data processing (ADP 0.47%)ADP, for short, sells a variety of cloud-based products and services that help businesses manage their employees. These services cover a variety of complex services such as payroll, training, taxes, legal and compliance. ADP is a trusted name in the corporate world and has a global presence.

Automatic data processing

today’s change

(-0.47%) $-1.23

current price

$260.30

Key data points

market capitalization

$105 billion

work range

$258.19 – $262.07

52 week range

$258.19 – $329.93

volume

2.6M

average volume

1.8 million

gross profit

50.41%

dividend yield

0.02%

A company’s sensitivity to the labor market can affect its business performance, but the stock’s 50 consecutive years of dividend growth are ample evidence that ADP management can weather difficult times. People are so important to almost every company that ADP will not go away even if robots one day take over some of the tasks of human workers. If you want to get the job done again and again, look to this proven all-in-one.

4. Sherwin-Williams

Paints and coatings are great products to sell because people repaint their homes and other objects voluntarily or as previous coatings wear out over time. Sherwin-Williams (SHW 0.85%) is a renowned industry leader with a strong store presence serving DIY homeowners and an outstanding brand reputation among professional contractors who rely on the company’s products to reflect their work.

Sherwin-Williams is also technologically proven. People will still be painting and coating 100 years from now. Surprisingly, the company still maintains a modest dividend payout ratio (28% of 2025 earnings estimates) despite having raised its dividend for 46 consecutive years. So don’t ignore the stock’s 0.9% dividend yield, as Sherwin-Williams will likely continue to increase its dividend each year.

5. Walmart

Consumer spending is the largest contributor to the U.S. economy. walmart (WMT 0.96%) It has firmly established itself as the largest distributor in the country. Approximately 90% of Americans live within driving distance of a Walmart store. People go to Walmart to buy groceries, clothes, toys, and just about anything else they want. The company has also embraced e-commerce and successfully leveraged its supply chain to become a leading online retailer.

today’s change

(-0.96%) $-0.98

current price

$101.25

Key data points

market capitalization

$807 billion

work range

$100.18 -$102.10

52 week range

$79.81 -$109.58

volume

959K

average volume

17M

gross profit

24.39%

dividend yield

0.01%

People tend to pull back on discretionary spending when the economy slows, but Walmart’s reputation for low prices continues to attract shoppers through good times and bad. Walmart has accumulated more than 50 years of consecutive annual growth, and its dividend payout ratio is still less than 40% of its 2025 earnings estimates. This is what makes Walmart a legendary dividend stock worth buying and owning.