According to Yahoo Finance analysis, Coca-Cola (KO), Johnson & Johnson (JNJ), and Procter & Gamble (PG) have consistently increased dividends through every U.S. recession since 1970, making them reliable choices for retirees. Coca-Cola has raised dividends for over 60 consecutive years, Johnson & Johnson for 64 years, and Procter & Gamble for 70 years, with a dividend payment streak of 136 years. All three companies are noted for strong free cash flow generation, which significantly covers their dividend obligations.