When 3M (NYSE: MMM) raised its March quarterly dividend from $1.44 to $1.47, that made it 62 straight years that the board of directors has instituted an increase. This means it has increased its dividend through all kinds of conditions, including wars, recessions, hyperinflation, stagflation, and, most recently, the COVID-19 pandemic. It's no wonder that the company has built up an impressive dividend track record with its stable of trusted everyday household products that have steady demand even in economic downturns.