Dividend growth stocks can generate long-term wealth because of the compounding effect and price appreciation. At the start of spring 2026, we discuss three that typically benefit from the warming weather.

We highlight three equities that are market leaders in their categories and have solid long-term growth prospects. We discuss The Coca-Cola Company (KO), EPR Properties (EPR), and Molson Coors Beverage Company (TAP) for a dividend portfolio.

Dividend Growth Stocks for Spring 2026

The Coca-Cola Company (KO)

Coca-Cola is the world’s largest beverage company, as it owns or licenses more than 500 unique non-alcoholic brands. Since the company’s founding in 1886, it has spread to more than 200 countries worldwide. Its brands account for about 2 billion servings of beverages worldwide every day, producing about $48 billion in annual revenue. The company also has an exceptional 63-year dividend increase streak, making it a Dividend King. 

Coca-Cola posted fourth-quarter and full-year earnings on February 10th, 2026, and results were mixed. The company saw adjusted earnings per share of 58 cents, which was two cents ahead of estimates. Revenue was up 2.6% year-over-year to $11.8 billion. Organic revenue was up 5%, driven by a 4% gain in concentrate sales and 1% in price and mix. Concentrate sales were 3% better than unit case volume, which was driven by the timing of shipments and one additional selling day. 

Comparable operating margin expanded from 24% of revenue a year ago to 24.4%, which met consensus estimates. Gross margin rose by a similar amount. Free cash flow, adjusted for the Fairlife contingent payout, was $11.4 billion for the full year, which was about $600 million higher than in 2024.

The dividend payout ratio has been in the mid-70% range for the past few years, but is below that now with rising earnings. Dividend growth will remain a priority for management, and we see the payout as safe, with room to grow, particularly with generally improving free cash flow generation.

Related Articles Aboout Coca-Cola on Dividend Power

EPR Properties (EPR)

EPR Properties is a specialty real estate investment trust, or REIT, that invests in properties in specific market segments that require industry knowledge to operate effectively. It selects properties it believes have strong return potential in Entertainment, Recreation, and Education. Many of its properties benefit greatly from the start of spring and the warmer weather.

The portfolio includes about $7 billion in investments across 300+ locations in 44 states, including over 250 tenants. Total revenue should be in excess of $750 million this year. 

EPR posted fourth-quarter and full-year earnings on February 26th, 2026, and the results were good. FFO-per-share came to $1.30, which was as expected. Revenue was up 3.2% year-over-year to $183 million, beating estimates by $1 million. Rental revenue was up $8 million year-over-year. 

For the year, FFO came to $5.12 per share, up from $4.87 a year ago. Disposition proceeds were $35 million for the quarter and $168 million a year ago. The company also announced, separate from the earnings report, that it is acquiring seven regional amusement parks from Six Flags Entertainment (FUN) for a gross amount of $342 million. This would be the largest acquisition since 2017. 

EPR boosted its dividend by 5% to a new payout of $3.72 annually, its 5th consecutive year of increases, making it a Dividend Challenger. EPR currently yields 7.1%.

Molson Coors Beverage Company (TAP)

Molson Coors Beverage Company, previously Molson Coors Brewing Company, was founded in 1873. Since then, it has grown into one of the largest U.S. brewers, with a variety of brands including Coors Light, Molson Canadian, Carling, Blue Moon, Hop Valley, Leinenkugel’s, Crispin Cider, and Miller Lite through a joint venture called MillerCoors. As the warmer weather hits, TAP will benefit from higher consumption of its beverages.

The company has a significant presence outside the U.S. Its international markets include Canada, Europe, Latin America, Asia, and Africa. It is the fourth-largest beer company in the world. In January 2025, Molson purchased an 8.5% stake in Fevertree Drinks plc, which made it the 2nd largest shareholder, advancing its Beyond Beer and premiumization strategy by expanding into non-alcoholic drinks. 

On February 18th, 2026, the company announced a 2% increase to the quarterly dividend to $0.48 per share. After October 20th, 2025, Molson Coors eliminated 400 salaried positions through its restructuring program in its Americas business by the end of 2025, which accounted for roughly 9% of its Americas business workforce. 

Molson Coors reported fourth-quarter 2025 results for the period ending December 31st, 2025. For the quarter, the company generated net sales of $2.66 billion, a 2.7% decrease compared to Q4 2024. Net sales declined 5.0% in the Americas, but rose 6.1% in Europe, the Middle East and Africa, and Asia-Pacific. Adjusted EPS fell 6.9% year-over-year to $1.21. The company repurchased $648 million of its shares in 2025.

With several top brands, Molson Coors can pass higher costs on to consumers. The company is also aggressively cutting its headcount in its Americas business and costs in other parts of the business to offset raw material inflation. In addition, Molson Coors is investing in new product categories to generate growth.

TAP currently yields 3.9%.

Related Articles About Molson Coors on Dividend Power

Related Articles on Dividend Power