Dividend Champions have a track record of at least 25 years of annual dividend increases, not limited to S&P 500 membership. Companies like Chevron and Consolidated Edison are among these top dividend stocks, offering steadily growing payouts to investors. Chevron, for example, with a strong balance sheet, expects to boost its dividend with $12.5 billion in additional annual free cash flow.

Chevron has increased its dividend for 38 consecutive years, outperforming peers during oil market downturns. The recent merger with Hess is set to enhance its future cash flow and production growth. Similarly, Consolidated Edison’s focus on the NYC area and planned $38 billion investment in utility operations will support its nearly 3.5% dividend yield.

Enterprise Products Partners, a master limited partnership, boasts a nearly 7% yield with 27 years of distribution growth. With $6 billion in upcoming projects, its cash flow is set to increase significantly. Enbridge, with 30 years of dividend growth, plans to invest CA$32 billion in projects to maintain its 6% yield and grow cash flow per share.

Genuine Parts, a provider of automotive parts, has raised its dividend for 69 consecutive years, backed by durable demand and strategic acquisitions. The company’s focus on growth and steady cash flow should sustain its 3% dividend yield. NNN REIT, specializing in single-tenant retail properties, has raised its dividend for 36 years, offering investors a more than 5.5% yield and a conservative financial profile for future growth.

PepsiCo, a global beverage and snack company, has a 53-year streak of dividend increases, driven by consistent cash flow and strategic investments. The company’s focus on innovation and portfolio transformation should support its nearly 4% yield. These companies offer investors a strong, reliable source of passive income through their consistent dividend growth over the years.

Read more at Yahoo Finance: 7 Best Dividend Champions to Buy Now