2025 Dividend Kings Listing | Up to date Each day

Up to date on January third, 2025 by Bob CiuraSpreadsheet knowledge up to date each day

The Dividend Kings are the best-of-the-best in dividend longevity.

What’s a Dividend King? A inventory with 50 or extra consecutive years of dividend will increase.

The downloadable Dividend Kings Spreadsheet Listing beneath comprises the next for every inventory within the index amongst different essential investing metrics:

Payout ratio
Dividend yield
Value-to-earnings ratio

You may see the total downloadable spreadsheet of all 54 Dividend Kings (together with essential monetary metrics resembling dividend yields, payout ratios, and price-to-earnings ratios) by clicking on the hyperlink beneath:

The Dividend Kings record contains latest additions resembling Computerized Knowledge Processing (ADP), Consolidated Edison (ED), and Kenvue (KVUE).

Every Dividend King satisfies the first requirement to be a Dividend Aristocrat (25 years of consecutive dividend will increase) twice over.

Not all Dividend Kings are Dividend Aristocrats.

This surprising result’s as a result of the ‘solely’ requirement to be a Dividend Kings is 50+ years of rising dividends.

However, Dividend Aristocrats should have 25+ years of rising dividends, be a member of the S&P 500 Index, and meet sure minimal measurement and liquidity necessities.

Desk of Contents

How To Use The Dividend Kings Listing to Discover Dividend Inventory Concepts

The Dividend Kings record is a superb place to search out dividend inventory concepts. Nevertheless, not all of the shares within the Dividend Kings record make an incredible funding at any given time.

Some shares is perhaps overvalued. Conversely, some is perhaps undervalued – making nice long-term holdings for dividend development buyers.

For these unfamiliar with Microsoft Excel, the next walk-through reveals learn how to filter the Dividend Kings record for the shares with probably the most engaging valuation primarily based on the price-to-earnings ratio.

Step 1: Obtain the Dividend Kings Excel Spreadsheet.

Step 2: Observe the steps within the tutorial video beneath. Observe that we display screen for price-to-earnings ratios of 15 or beneath within the video. You may select any threshold that greatest defines ‘worth’ for you.

Alternatively, following the directions above and filtering for increased dividend yield Dividend Kings (yields of two% or 3% or increased) will present shares with 50+ years of rising dividends and above-average dividend yields.

On the lookout for companies which have an extended historical past of dividend will increase isn’t an ideal solution to determine shares that may enhance their dividends yearly sooner or later, however there’s appreciable consistency within the Dividend Kings.

The 5 Greatest Dividend Kings At present

The next 5 shares are our top-ranked Dividend Kings as we speak, primarily based on anticipated annual returns over the following 5 years. Shares are ranked so as of lowest to highest anticipated annual returns.

Complete returns embrace a mixture of future earnings-per-share development, dividends, and any modifications within the P/E a number of.

Dividend King #5: PepsiCo Inc. (PEP)

5-Yr Annual Anticipated Returns: 14.6%

PepsiCo is a worldwide meals and beverage firm that generates $89 billion in annual gross sales. The corporate’s merchandise embrace Pepsi, Mountain Dew, Frito-Lay chips, Gatorade, Tropicana orange juice and Quaker meals.

Its enterprise is cut up roughly 60-40 when it comes to meals and beverage income. It is usually balanced geographically between the U.S. and the remainder of the world.

Supply: Investor Presentation

On October eighth, 2024, PepsiCo reported third quarter outcomes for the interval ending September thirtieth, 2024. For the quarter, income fell 0.5% to $23.3 billion, which was $460 million beneath estimates.

Adjusted earnings-per-share of $2.31 in contrast favorably to $1.97 the prior yr and was $0.02 forward of expectations. Foreign money trade lowered income and earnings-per-share by ~2%.

Natural gross sales improved 1.3% for the second quarter and 1.9% year-to-date. Volumes for each meals and beverage have been down 2%.

PepsiCo Drinks North America’s income as soon as once more grew 1% organically as increased costs greater than offset a 3% decline in quantity.

Click on right here to obtain our most up-to-date Positive Evaluation report on PEP (preview of web page 1 of three proven beneath):

Dividend King #4: Nordson Company (NDSN)

5-Yr Annual Anticipated Returns: 14.7%

Nordson was based in 1954 in Amherst, Ohio by brothers Eric and Evan Nord, however the firm can hint its roots again to 1909 with the U.S. Computerized Firm.

At present the corporate has operations in over 35 nations and engineers, manufactures, and markets merchandise used for allotting adhesives, coatings, sealants, biomaterials, plastics, and different supplies.

Supply: Investor Presentation

On August 14th, 2024, Nordson elevated its dividend by 15% to $0.78 per share quarterly, marking 61 years of will increase.

On December eleventh, 2024, Nordson reported fourth quarter outcomes for the interval ending October thirty first, 2024. For the quarter, the corporate reported gross sales of $744 million, 4% increased in comparison with $719 million in This fall 2023, which was pushed by a optimistic acquisition affect, and offset by natural lower of three%.

Industrial Precision noticed gross sales lower by 3%, whereas the Medical and Fluid Options and Superior Expertise Options segments had gross sales will increase of 19% and 5%, respectively.

The corporate generated adjusted earnings per share of $2.78, a 3% enhance in comparison with the identical quarter final yr. For FY 2024, Nordson generated adjusted EPS of $9.73 in comparison with $9.85 in 2023.

Click on right here to obtain our most up-to-date Positive Evaluation report on NDSN (preview of web page 1 of three proven beneath):

Dividend King #3: California Water Service (CWT)

5-Yr Annual Anticipated Returns: 15.2%

California Water Service is a water inventory and is the third-largest publicly-owned water utility in the US.

It was based in 1926 and has six subsidiaries that present water to roughly 2 million individuals in 100 communities, primarily in California but in addition in Washington, New Mexico and Hawaii.

Supply: Investor Presentation

California Water Service reported its third quarter earnings outcomes on October thirty first. Working revenues totaled $300 million in the course of the quarter, which was 18% increased than the identical quarter final yr. This represents a stronger efficiency in comparison with what the analyst group had forecasted.

The working income enhance was pushed by fee will increase during the last yr in addition to by increased accrued unbilled income in comparison with the earlier yr’s quarter.

Click on right here to obtain our most up-to-date Positive Evaluation report on CWT (preview of web page 1 of three proven beneath):

Dividend King #2: PPG Industries (PPG)

5-Yr Annual Anticipated Returns: 16.4%

PPG Industries is the world’s largest paints and coatings firm. Its solely rivals of comparable measurement are Sherwin-Williams and Dutch paint firm Akzo Nobel.

PPG Industries was based in 1883 as a producer and distributor of glass (its title stands for Pittsburgh Plate Glass) and as we speak has roughly 3,500 technical staff positioned in additional than 70 nations at 100 areas.

On October sixteenth, 2024, PPG Industries reported third quarter outcomes for the interval ending September thirtieth, 2024. For the quarter, income fell 1.5% to $4.57 billion, which was $90 million lower than anticipated.

The corporate generates annual income of about $18.2 billion.

Supply: Investor Presentation

Adjusted web earnings of $500 million, or $2.13 per share, in contrast favorably to adjusted web earnings of $493 million, or $2.07 per share, within the prior yr. Adjusted earnings-per-share was $0.02 beneath estimates.

Third quarter natural income development was as soon as once more flat in comparison with the prior yr. Efficiency Coatings income of $2.921 billion was up 1% from the identical interval of 2023. Larger volumes (+2%) and promoting costs (+1%) have been partially offset by divestitures (-1%) and a headwind from overseas foreign money trade (-1%).

Click on right here to obtain our most up-to-date Positive Evaluation report on PPG (preview of web page 1 of three proven beneath):

Dividend King #1: SJW Group (SJW)

5-Yr Annual Anticipated Returns: 18.5%

SJW Group is a water utility firm that produces, purchases, shops, purifies and distributes water to shoppers and companies within the Silicon Valley space of California, the world north of San Antonio, Texas, Connecticut, and Maine.

SJW Group has a small actual property division that owns and develops properties for residential and warehouse clients in California and Tennessee. The corporate generates about $670 million in annual revenues.

Supply: Investor Presentation

On October twenty eighth, 2024, SJW Group reported third quarter outcomes for the interval ending June thirtieth, 2024. For the quarter, income grew 9.9% to $225.1 million, beating estimates by $11.6 million. Earnings-per-share of $1.18 in contrast favorably to earnings-per-share of $1.13 within the prior yr and was $0.04 greater than anticipated.

As with prior durations, the development in income was largely resulting from SJW Group’s California and Connecticut companies, which benefited from increased water charges, whereas development in clients aided the Texas enterprise.

Larger charges general added $40 million to outcomes for the quarter, increased buyer utilization added $4.8 million, and development in clients contributed $2.4 million. Working manufacturing bills totaled $166.7 million, which was a 12% enhance from the prior yr.

Click on right here to obtain our most up-to-date Positive Evaluation report on SJW (preview of web page 1 of three proven beneath):

Efficiency Of The Dividend Kings

The Dividend Kings under-performed the S&P 500 ETF (SPY) in December 2024. Return knowledge for the month is proven beneath:

Dividend Kings December 2024 complete return: -7.6%
SPY December 2024 complete return: -7.7%

Steady dividend growers just like the Dividend Kings are likely to underperform in bull markets and outperform on a relative foundation throughout bear markets.

The Dividend Kings should not formally regulated and monitored by anyone firm. There’s no Dividend King ETF. Because of this monitoring the historic efficiency of the Dividend Kings will be tough.

Extra particularly, efficiency monitoring of the Dividend Kings typically introduces vital survivorship bias.

Survivorship bias happens when one seems to be at solely the businesses that ‘survived’ the time interval in query. Within the case of Dividend Kings, which means the efficiency research doesn’t embrace ex-Kings that lowered their dividend, have been acquired, and many others.

However with that mentioned, there’s something to be gained from investigating the historic efficiency of the Dividend Kings. Particularly, the efficiency of the Dividend Kings reveals that ‘boring’ established blue-chip shares that enhance their dividend year-after-year can considerably outperform over lengthy durations of time.

Notes: S&P 500 efficiency is measured utilizing the S&P 500 ETF (SPY). The Dividend Kings efficiency is calculated utilizing an equal weighted portfolio of as we speak’s Dividend Kings, rebalanced yearly. Attributable to inadequate knowledge, Farmers & Retailers Bancorp (FMCB) returns are from 2000 onward. Efficiency excludes earlier Dividend Kings that ended their streak of dividend will increase which creates notable lookback/survivorship bias. The info for this research is from Ycharts.

Within the subsequent part of this text, we’ll present an summary of the sector and market capitalization traits of the Dividend Kings.

Sector & Market Capitalization Overview

The sector and market capitalization traits of the Dividend Kings are very totally different from the traits of the broader inventory market.

The next bullet factors present the variety of Dividend Kings in every sector of the inventory market.

Shopper Staples: 14
Industrials: 12
Utilities: 9
Shopper Discretionary: 2
Well being Care: 5
Financials: 5
Supplies: 5
Actual Property: 1
Vitality: 1
Communication Companies: 0

The Dividend Kings are chubby within the Industrials, Shopper Staples, and Utilities sectors. Curiously, The Dividend Kings have zero shares from the Data Expertise sector, which is the biggest element of the S&P 500 index.

The Dividend Kings even have some fascinating traits with respect to market capitalization. These traits are illustrated beneath.

6 Mega caps ($200 billion+ market cap; ABBV, JNJ, PEP, PG, KO, WMT)
26 Giant caps ($10 billion to $200 billion market cap)
14 Mid caps ($2 billion to $10 billion)
8 Small caps ($300 million to $2 billion)

Curiously, 23 out of the 54 Dividend Kings have market capitalizations beneath $10 billion. This reveals that company longevity doesn’t must be accompanied by huge measurement.

Remaining Ideas

Screening to search out the most effective Dividend Kings isn’t the one solution to discover high-quality dividend development inventory concepts.

Positive Dividend maintains comparable databases on the next helpful universes of shares:

There may be nothing magical about investing within the Dividend Kings. They’re merely a gaggle of high-quality companies with shareholder-friendly administration groups which have sturdy aggressive benefits.

Buying companies with these traits at truthful or higher costs and holding them for lengthy durations of time will doubtless end in sturdy long-term funding efficiency.