The earlier someone invests for retirement, the better off they will be as their money will have the benefit of growing for a long period of time. Allowing invested dollars to compound over the long haul will likely lead to sizeable amounts.

Many high-quality stocks offer investors ways to buy dollar amounts instead of share amounts, called dividend reinvestment plans, or DRIPs.

With time, regular purchases and dividend reinvestment into high-quality stocks can help the investor achieve their financial goals.

This article will look at three of our favorite stocks that offer dividend reinvestment plans that also have long histories of raising their dividends each year, making them ideal DRIP stocks.

Nordson Corporation (NDSN)

Nordson has operations in over 35 countries and engineers, manufactures, and markets products used for dispensing adhesives, coatings, sealants, biomaterials, plastics, and other materials, with applications ranging from diapers and straws to cell phones and aerospace. The company generated $2.7 billion in sales last fiscal year.

On August 20th, 2025, Nordson reported third quarter results for the period ending July 31, 2025. For the quarter, the company reported sales of $742 million, 12% higher compared to $662 million in Q3 2024, driven by an 8% positive acquisition impact, 2% organic sales increase, and 2% favorable forex translation.

The Industrial Precision, Advanced Technology, and Medical and Fluid Solutions segments saw sales increase by 1% 17%, and 32%, respectively.

The company generated adjusted earnings per share of $2.73, a 13% increase compared to the same prior year period. The backlog declined 5% sequentially due to strong shipments.

On August 28th, 2025, Nordson increased its dividend by 5% to $0.82 per share quarterly, marking 62 years of increases.

Nordson’s results to date are still in line with its initial FY 2025 outlook, which expected sales of $2.75 billion to $2.87 billion and adjusted EPS of $9.70 to $10.50.

NDSN has increased its dividend for 62 consecutive years.

California Water Service (CWT)

California Water Service is the 3rd largest publicly-owned water utility in the United States. The company has six subsidiaries that provide water to about two million people, mainly in California, with some additional operations in Washington, New Mexico, and Hawaii.

California Water Service reported its second quarter earnings results in early August. The company reported that its operating revenues totaled $265 million during the quarter, which was 9% more than the revenues that California Water Service generated during the previous year’s quarter.

This represents a better performance compared to what the analyst community had forecast. The revenue increase was caused by a combination of higher rates and higher customer water usage, which was up 5%. California Water Service generated earnings-per-share of $0.71 during the second quarter.

Earnings growth in the long run should be achievable thanks to the rate hikes that are regularly approved by regulators. Regulators need to continuously encourage the company to keep investing in the expansion and maintenance of its network, as its customers are dependent on high-quality infrastructure that will remain reliable in the future, which is why future rate increases are more or less a given.

CWT has increased its dividend for 58 consecutive years.

S&P Global (SPGI)

S&P Global is a worldwide provider of financial services and business information with revenue of over $15 billion. Through its various segments, it provides credit ratings, benchmarks and indices, analytics, and other data to commodity market participants, capital markets, and automotive markets. S&P Global has paid dividends continuously since 1937 and has increased its payout for 52 consecutive years.

S&P posted second quarter earnings on July 31st, 2025, and results were better than expected on both the top and bottom lines. Adjusted earnings-per-share came to $4.43, which beat expectations by 21 cents. Revenue was up 6% year-over-year to $3.76 billion, beating estimates by $80 million.

Guidance was boosted to $17.00 to $17.25 in adjusted earnings-per-share, up slightly from prior. Revenue is also expected to rise about 6% this year, up from 5% prior. Cash from operating activities less capex should be about $5.5 billion this year, which is unchanged. Expenses were $2.22 billion, up fractionally from Q1 and up from $2.11 billion a year ago.

S&P Global’s business has benefited from a series of favorable secular trends. Since the Great Recession in 2009, total corporate debt has been on a steady rise, which means more ratings are needed. Lower global interest rates have continued to lead to more and more issuances of debt. However, this tailwind could unwind as rates in the US especially have risen quite a lot in 2025.

In addition, the company has three other strong segments that aren’t as dependent upon rates remaining low, should they rise again in the future. The company saw higher revenue in all of its operating segments once again in the most recent quarter, a sign this diversification is working nicely.

Disclosure: No positions in any stocks mentioned

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Bob Ciura has worked at Sure Dividend since October 2016. He oversees all content for Sure Dividend and its partner sites. Bob received a Bachelor’s degree in Finance from DePaul.