dividend kings

Full list of ‘Dividend Kings’ stocks by sector – 2023

Dividend kings are stocks with an unparalleled track record of increasing their dividends over time. The minimum requirement to be considered in this elite list is 50 years of dividend increases. In this post, we will present these stocks by sector. We will also provide, for each stock, the current dividend yield, payout ratio, and dividend growth rate of the past five years.

The list below is a good start for any dividend investor to pick from the best dividend stocks. As you can see below, the list is dominated by consumer defensive stocks and some industrial heavy weights. It’s no surprise. For a company to pay and increase dividends for over 50 years, it has to operate in sectors that can weather difficult times or be dominant in its industry.

S&P 500 dividend aristocrats: full list by sector

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Investing in dividend-paying stocks

Investing in dividend paying stocks is a strategy that appeals to young and old investors. Here is a quick reminder of the main concepts to keep in mind before applying this strategy:

Investment horizon: 5 years or more minimum. The strategy of investing in dividend paying stocks is not suitable for an investor with a short term horizon (less than 5 years).

Objective: The strategy can help you build passive income or further grow your capital by reinvesting the dividends received.

Risk Tolerance: Medium (provided you restrict yourself to selecting quality securities and having a diversified portfolio across several sectors).

Why invest in Dividend Kings

If you are asking yourself, what is the typical profile of a dividend king stock? I have listed some common characteristics below:

Dividend kings tend to dominate their industry

• The vast majority are companies that are well established in their sector. They manage to generate significant profits thanks to their comfortable position against the competition. They also sometimes operate in regulated markets such as electric utilities with almost no competition;

Safe heaven during turbulent times

• “Dividend kings” are sometimes considered by the financial market as safe havens in the event of a market correction or decline. Indeed, dividend aristocrats are generally less volatile than the market, and there are less targeted by speculators;

Strong financial statements

• “Dividend kings” will tend to have a better financial situation in terms of liquidity than the rest of the market. Their levels of liquidity or debt are generally better than the rest of the market;

Limited growth but there are exceptions

• In general, dividend aristocrats are mature businesses. That is, the growth potential is quite limited. However, some companies can pay dividends and invest in their growth. Usually, the dividend payout ratio is a good indicator. If the rate is low, it means the business is saving some money to grow. Business with high dividend pay out ratio have no financial resources left to grow.

Financial Services

Number of Consecutive Years of Dividend Increases DGR Streak

TitreNomDGR*
Streak
CINFCincinnati Financial Corp.62
FMCBFarmers & Merchants Bancorp57
CBSHCommerce Bancshares, Inc.53

Dividend yield and Payout ratio

Updated daily

Industrials

number of Consecutive Years of Dividend Increases DGR Streak

TickerNameYears of
Dividend
Increases
DOVDover Corp.67
EMREmerson Electric Co.66
PHParker-Hannifin Corp.66
MMM3M Co.64
NDSNNordson Corp.59
ITWIllinois Tool Works, Inc.58
ABMABM Industries Inc.55
SWKStanley Black & Decker Inc55
MSAMSA Safety Inc52
GWWW.W. Grainger Inc.51
TNCTennant Co.51
GRCGorman-Rupp Co.50
Dividend kings – Source: Suredividends

Dividend yield and Payout ratio

Updated daily

Consumer defensive

number of Consecutive Years of Dividend Increases DGR Streak

TickerNameYears of
Dividend
Increases
CLColgate-Palmolive Co.60
HRLHormel Foods Corp.57
KMBKimberly-Clark Corp.50
KOCoca-Cola Co60
LANCLancaster Colony Corp.60
MOAltria Group Inc.53
PEPPepsiCo Inc50
PGProcter & Gamble Co.66
TGTTarget Corp54
TRTootsie Roll Industries, Inc.54
SYYSysco Corp.52
UVVUniversal Corp.52

Dividend yield and Payout ratio

Updated daily

Energy

Dividend yield and the number of Consecutive Years of Dividend Increases DGR Streak

TickerNameYears of
Dividend
Increases
NFGNational Fuel Gas Co.52
Dividend kings ; Source: Suredividends

Dividend yield and Payout ratio

Updated daily

Utilities

number of Consecutive Years of Dividend Increases DGR Streak

TickerNameYears of
Dividend
Increases
AWRAmerican States Water Co.68
NWNNorthwest Natural Holding Co67
CWTCalifornia Water Service Group54
SJWSJW Group54
BKHBlack Hills Corporation52
CDUAFCanadian Utilities Ltd.50
MSEXMiddlesex Water Co.50

Dividend yield and Payout ratio

Updated daily

Real estate (Reits)

Dividend yield and the number of Consecutive Years of Dividend Increases DGR Streak

TickerNameYears of
Dividend
Increases
FRTFederal Realty Investment Trust.55
Dividend kings ; Source: Barchart and Suredividends

Dividend yield and Payout ratio

Updated daily

Consumer cyclical

Dividend yield and the number of Consecutive Years of Dividend Increases DGR Streak

TickerNameYears of
Dividend
Increases
GPCGenuine Parts Co.66
LOWLowe`s Cos., Inc.60
LEGLeggett & Platt, Inc.51
VFCVF Corp.50

Dividend yield and Payout ratio

Updated daily

Healthcare

TickerNameYears of
Dividend
Increases
JNJJohnson & Johnson60
ABBVAbbvie Inc51
ABTAbbott Laboratories51
BDXBecton, Dickinson And Co.51

Dividend yield and Payout ratio

Updated daily

Basic materials

TickerNameYears of
Dividend
Increases
SCLStepan Co.55
FULH.B. Fuller Company53
PPGPPG Industries, Inc.51
NUENucor Corp.50

Dividend yield and Payout ratio

Updated daily

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