The US market has a plethora of interesting companies with long track records.
Some of these companies are renowned for paying dividends for decades and are market leaders in their respective industries.
These giants are also growing their profits along the way, thus netting investors healthy capital appreciation from a rising share price.
There’s nothing better than enjoying the best of both worlds when investing, and these five US dividend stalwarts could be the next to feature in your buy watchlist of growth stocks.
3M (NYSE: MMM)
3M is an industrial conglomerate with operations in various industries such as safety, transportation, electronics, and consumer goods.
The company is a recognised leader in innovation, inventing useful items such as Post-it pads, and has paid uninterrupted dividends to its shareholders for more than 100 years.
For the first quarter of 2025 (1Q 2025), 3M saw revenue dip 1% year on year to US$5.9 billion.
However, operating profit rose 8.4% year on year to US$1.2 billion while net profit climbed 20.3% year on year to US$1.1 billion.
The conglomerate paid out a quarterly dividend of US$0.73, up from US$0.70 a year ago.
The company has returned a total of US$1.7 billion to shareholders including US$1.3 billion of share repurchases.
The board has increased 2025’s full-year share repurchase commitment to around US$2 billion.
For 2025, 3M expects organic sales growth of between 2% to 3%.
Earnings per share are expected to be in the range of US$7.60 to US$7.90 after a better-than-expected start to the year.
At the midpoint of this guidance, it will represent a year-on-year growth of 6.7% for the company’s earnings per share.
Coca-Cola (NYSE: KO)
Coca-Cola is a beverage company with around 200 brands that are sold across 200 countries, serving around 2.2 billion drinks per day.
Its portfolio includes its famous cola, Coca-Cola, along with Fanta, Sprite, Dasani (mineral water), and Minute Maid fruit juices.
The beverage giant recently approved a 5.2% year-on-year increase in its quarterly dividend to US$0.51 per share.
This increase marks Coca-Cola’s 63rd consecutive dividend increase, putting the company in the ranks of dividend kings.
The business reported a mixed result for 1Q 2025.
Net revenue dipped slightly by 2% year on year to US$11.1 billion.
However, net profit increased by 5% year on year to US$3.3 billion.
Colgate-Palmolive (NYSE: CL)
Colgate-Palmolive is a consumer goods company focusing on oral care, personal care, and home care products.
The company sells products under popular brands such as Colgate, Palmolive, Meridol, and Sanex.
Colgate-Palmolive’s latest dividend stood at US$0.52, up slightly from US$0.50 a year ago.
The company has paid higher dividends for 62 consecutive years and has also paid uninterrupted dividends since 1895.
Like 3M and Coca-Cola, Colgate-Palmolive also announced a mixed set of earnings but maintained strong free cash flow generation.
Revenue for 1Q 2025 slipped 3% year on year to US$4.9 billion, but operating profit increased by 2.8% year on year to US$1.1 billion.
Net profit inched up 1% year on year to US$690 million.
The business churned out a positive free cash flow of US$476 million for the quarter.
For 2025, the company expects net sales to increase by low single digits, with organic sales growth coming in between 2% to 4%.
Lancaster Colony (NASDAQ: LANC)
Lancaster Colony is a manufacturer and retailer of speciality food products for the retail and foodservice channels.
The company is another solid dividend stalwart, having increased its quarterly dividend without fail for 62 consecutive years.
Its latest quarterly dividend stood at US$0.95, up 5.6% year on year from US$0.90.
The business reported a strong set of earnings for the first nine months of fiscal 2025 (9M FY2025) ending 31 March 2025.
Revenue inched up 1% year on year to US$1.4 billion.
Operating profit after adjusting for impairment charges rose 6.8% year on year to US$181.4 million.
Excluding one-off items, Lancaster Colony’s net profit climbed 9.5% year on year to US$148.8 million.
The company also generated a positive free cash flow of US$129.6 million for 9M FY2025.
The acquisition of an Atlanta-based sauce and dressing manufacturing facility back in February 2025 will increase Lancaster Colony’s manufacturing capacity and represent a boost to its manufacturing network.
Gorman-Rupp (NYSE: GRC)
Gorman-Rupp is a designer and manufacturer of pumps and pump systems.
The company has a reputation for quality products and serves diversified sectors such as industrial, agriculture, construction, and petroleum.
Gorman-Rupp announced a 2.8% year-on-year increase in its quarterly dividend to US$0.185, making this the 52nd consecutive year that the company has upped its dividend.
For 1Q 2025, revenue crept up 2.9% year on year to US$164 million.
Operating profit improved by 8.3% year on year to US$22.1 million while net profit soared 53.8% year on year to US$12.1 million.
Free cash flow more than doubled year on year to US$18.1 million.
Management sees opportunities for further growth through market share expansion, industry growth, and new product development.
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Disclosure: Royston Yang does not own shares in any of the companies mentioned.
