Dividend Kings

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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.[1][2][3]

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.

Investing[edit]

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).[4]

Dividend King companies (updated Sept 4th, 2020)[edit]

Ticker Symbol Company GICS Economic Sector
AWR American States Water Company Utilities
DOV Dover Corp Industrials
NWN Northwest Natural Holding Company Utilities
GPC Genuine Parts Company Consumer Discretionary
EMR Emerson Electric Industrials
PH Parker-Hannifin Corporation Industrials
PG Procter & Gamble Company Consumer Staples
MMM 3M Company Industrials
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
NDSN Nordson Corporation Industrials
CL Colgate-Palmolive Company Consumer Staples
FMCB Farmers & Merchants Bancorp Financials
HRL Hormel Foods Corporation Consumer Staples
TR Tootsie Roll Industries Consumer Staples
CBSH Commerce Bancshares Financials
ABM ABM Industries Incorporated Industrials
SWK Stanley Black & Decker Industrials
SCL Stepan Company Materials
FRT Federal Realty Investment Trust Real Estate
CWT California Water Service Group Utilities
SJW SJW 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

See also.[5]

History[edit]

Since 2017, the Dividend Kings list has evolved as follows:

2019: H.B. Fuller Company (FUL) and Altria Group (MO).[6] Due to a merger in 2019 Vectren Corporation (VVC) is no longer a King.[7]

2018: Commerce Bancshares (CBSH) reached the “King status”

2017: Stepan Company (SCL), Stanley Black & Decker (SWK), SJW Group (SJW), California Water Service (CWT), and Federal Realty Investment Trust (FRT) were added[8]

2019: Sysco (SYY) reached the “King status”

2020: Universal Corporation (UVV)and National Fuel Gas (NFG) reached the “King status”

See also[edit]

  • S&P 500
  • S&P_500_Dividend_Aristocrats

References[edit]

  1. Bouchoux, Deborah E. (2018). Fundamentals of Business Organizations for Paralegals. Wolters Kluwer. p. 185. ISBN 9781543802870. Retrieved 8 December 2020. Search this book on Amazon.com Logo.png
  2. "15 Dividend Kings for Decades of Dividend Growth". finance.yahoo.com.
  3. "Dividend Kings: 5 Top Dividend Stocks For 2020". Forbes.
  4. "15 Dividend Kings for Decades of Dividend Growth". kiplinger.com. 25 March 2020.
  5. "Dividend Kings 2020 - MoneyInvestExpert.com". Moneyinvestexpert.com. 20 February 2020.
  6. "Dividend Kings Update". moneyinvestexpert.com. 22 February 2020.
  7. "CenterPoint Energy and Vectren complete merger". prnewswire.com.
  8. "Dividend Kings". simplysafedividends.com. 22 February 2020.


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