Dividend investing is a popular strategy for building a passive income stream, and two ASX stocks stand out for their consistent dividend payments over the past decade: Washington H. Soul Pattinson and Company Ltd (SOL) and Charter Hall Group (CHC). These companies have not only paid dividends every year but have also raised their dividend payments annually, showcasing their commitment to returning value to shareholders. In this article, I'll delve into the details of these stocks, their dividend history, and the factors contributing to their success in dividend investing.
Soul Patts: Dividend Royalty
Washington H. Soul Pattinson, affectionately known as Soul Patts, is a diversified Australian investment house with a rich history dating back to its listing on the ASX in 1903. What sets Soul Patts apart is its remarkable streak of 28 years of continually raising dividend payments since 1998. This consistent performance has earned it the reputation of being an Australian dividend royalty. The company's dividend policy is straightforward: it pays fully-franked dividends twice a year in May and a final dividend in December, with the occasional special dividend to keep shareholders happy. In the 2025 financial year, Soul Patts paid a total of $1.03 per share, fully franked, and for the first half of 2026, it increased the interim dividend to 48 cents per share, a 9.1% increase year-over-year. This growth in dividends is a testament to the company's financial strength and its ability to consistently generate profits.
The ASX stock currently boasts a grossed-up dividend yield of around 2.5%, including franking credits, which is quite attractive for investors seeking regular income. Soul Patts' diversified business model, spanning various sectors, contributes to its stability and ability to consistently raise dividends. This stability is further reinforced by the company's strong balance sheet and prudent financial management.
Charter Hall: A 16-Year Dividend Success Story
Charter Hall, a property investment and funds management business, has been a consistent dividend payer since 2006, with its dividend payments raised annually since 2010. This 16-year streak of dividend growth is a remarkable achievement in the highly competitive property sector. Charter Hall's dividend policy involves paying partially or fully-franked dividends twice a year, ensuring that shareholders receive a significant portion of the company's profits. In the 2025 financial year, the company paid 48 cents per share, partially franked, and for the first half of 2026, it increased the interim dividend to 24.8 cents per share. The company forecasts a total dividend of around 50 cents for the full financial year, translating to a forward dividend yield of approximately 2.3%.
Charter Hall's success in dividend investing can be attributed to its strong capital inflows and recent earnings upgrades. The company's guidance update highlights the ongoing demand for commercial property, driven by rising institutional allocations, attractive yields, and changes in residential property tax rules. This positive outlook bodes well for shareholders, as it indicates continued dividend growth and potential capital appreciation.
Conclusion
Washington H. Soul Pattinson and Company Ltd and Charter Hall Group are exceptional examples of ASX stocks that have consistently raised dividends for over a decade. Their success in dividend investing can be attributed to their financial stability, strong balance sheets, and prudent financial management. These companies have demonstrated a commitment to returning value to shareholders, making them attractive investments for those seeking a reliable passive income stream. As investors, it's essential to recognize and appreciate the significance of such consistent dividend growth, as it often reflects a company's ability to navigate economic cycles and maintain its financial health.
In my opinion, these two stocks are prime examples of how dividend investing can be a powerful strategy for building long-term wealth. While the market may be volatile, companies like Soul Patts and Charter Hall have proven their resilience and ability to consistently generate returns for shareholders. As an investor, I find it fascinating to see how these companies have navigated the challenges of the past decade while maintaining their commitment to dividend growth. It's a testament to the power of long-term investing and the importance of choosing quality companies that prioritize shareholder value.
