Top 10 Dividend Kings in US Stock Market
John D. Rockefeller once said, "Do you know the only thing that gives me pleasure? It's to see my dividends coming in." Rockefeller's excitement over his dividends is justified, as they are a powerful tool for long-term wealth compounding.
What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.
Although a possible economic downturn could pose a threat to the continuity of these dividend streaks, it is uncommon for companies included in this list to lose their status. The pressure on companies that have consistently raised dividends for over 50 years is immense, as they strive to maintain their track record.
$American States Water(AWR.US)$ has raised its dividend for 68 consecutive years, earning it the longest dividend growth streak in the stock market. The company grows its earnings per share at an 8.6% average annual rate over the last decade, which is one of the highest growth rates in the utility sector.
With over 118,000 existing patents and approximately 4,000 new patents each year, $3M(MMM.US)$'s innovation and product portfolio have enabled the company to increase its dividend annually.
$Coca-Cola(KO.US)$'s powerful brand and global reach distribution network have contributed to its market dominance. These competitive advantages have generated high profitability, leading to 60 consecutive years of increased dividends.
Here are the top 10 Dividend Kings.
Source: Sure Dividend, The Motley Fool
This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. Read more