The Dividend Kings are companies that have increased their dividend payouts for 50 consecutive years or more. While the S&P Dividend Aristocrats Index consists of over 60 stocks, which includes companies in the S&P 500 Index that have raised their dividend for at least 25 consecutive years, there are only 28 dividend kings in 2020.
The two oldest Kings are American States Water Company (AWR), Northwest Natural Holding Company (NWN), and Dover Corporation (DOV)with an uninterrupted dividend streak of respectively 65 and 64 years.
Unlike the S&P 500 Dividend Aristocrats which is maintained by S&P, there are no other specific requirements (e.g. market cap) to be crowned as king. There is also no Dividend King ETF, unlike the ProShares S&P 500 Dividend Aristocrats ETF (NOBL) which is tracking the S&P 500 Dividend Aristocrats Index since 2013.
From 1991 through 2017, the S&P 500 Index has compounded at a 10.2% annual rate. The dividend king's generated a 13.8% annual return. This means that an initial capital of $100,000 in 1991 would have reached a value of $3.2 million at the end of 2017.
In 2020, Universal Corporation (UVV) and National Fuel Gas (NFG) did increase their dividend for the 50th consecutive year and became a member of this exclusive list of dividend growth stocks. The "oldest" dividend king is American States Water (AWR) with 66 years of consecutive dividend increases followed by Dover(DOV), Northwest Nat. (NWN), Genuine Parts (GPC), and Procter & Gamble (PG) all with 64 years (2020).
Dividend King companies (updated Sept 4th, 2020)
|Ticker Symbol||Company||GICS Economic Sector|
|AWR||American States Water Company||Utilities|
|NWN||Northwest Natural Holding Company||Utilities|
|GPC||Genuine Parts Company||Consumer Discretionary|
|PG||Procter & Gamble Company||Consumer Staples|
|CINF||Cincinnati Financial Corporation||Financials|
|LOW||Lowe's Companies||Consumer Discretionary|
|KO||Coca-Cola Company||Consumer Staples|
|LANC||Lancaster Colony Corporation||Consumer Staples|
|JNJ||Johnson & Johnson||Health Care|
|CL||Colgate-Palmolive Company||Consumer Staples|
|FMCB||Farmers & Merchants Bancorp||Financials|
|HRL||Hormel Foods Corporation||Consumer Staples|
|TR||Tootsie Roll Industries||Consumer Staples|
|ABM||ABM Industries Incorporated||Industrials|
|SWK||Stanley Black & Decker||Industrials|
|FRT||Federal Realty Investment Trust||Real Estate|
|CWT||California Water Service Group||Utilities|
|SYY||Sysco Corporation||Consumer Staples|
|MO||Altria Group||Consumer Staples|
|UVV||Universal Corporation||Consumer Staples|
|NFG||National Fuel Gas||Energy|
|FUL||H.B. Fuller Company||Materials|
Since 2017, the Dividend Kings list has evolved as follows:
2018: Commerce Bancshares (CBSH) reached the “King status”
2019: Sysco (SYY) reached the “King status”
- S&P 500
- Bouchoux, Deborah E. (2018). Fundamentals of Business Organizations for Paralegals. Wolters Kluwer. p. 185. ISBN 9781543802870. Retrieved 8 December 2020. Search this book on
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- "Dividend Kings: 5 Top Dividend Stocks For 2020". Forbes.
- "15 Dividend Kings for Decades of Dividend Growth". kiplinger.com. 25 March 2020.
- "Dividend Kings 2020 - MoneyInvestExpert.com". Moneyinvestexpert.com. 20 February 2020.
- "Dividend Kings Update". moneyinvestexpert.com. 22 February 2020.
- "CenterPoint Energy and Vectren complete merger". prnewswire.com.
- "Dividend Kings". simplysafedividends.com. 22 February 2020.
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