15 Dividend Kings for Decades of Dividend Growth
You might start to hear more about the "Dividend Kings" over the next few months. Small wonder: Stocks that have boasted uninterrupted dividend growth for a half-century or more might be an ideal place to hide out amid increased economic uncertainty.
Sluggish global growth, rising recession risks and a stock market that hasn't gone anywhere over the past 52 weeks has some market strategists banging the drum for quality stocks.
"A focus on quality stocks can allow investors to stay in the market to benefit from potential upturns, but with a measure of prudence built in to buffer downturns," says Tony DeSpirito, head of BlackRock's U.S. Income and Value team.
And nothing says quality more than stocks that haven't missed a dividend hike in decades. "When a company is reliably able to boost its dividend for years or even decades, this may suggest it has a certain amount of financial strength and discipline," says Tianyin Cheng, director of Strategy and Volatility Indices at S&P Dow Jones Indices.
Investors can find such dividend machines within the ranks of the Dividend Kings. You've surely heard of the Dividend Aristocrats -- companies in Standard & Poor's 500-stock index that have raised their payouts every year for a minimum of 25 consecutive years. The Dividend Kings are Aristocrats that have done it for at least 50.
Here, then, are the current 15 Dividend Kings. These have been among the best of the best dividend stocks for income growth since at least the late 1960s. Any company with that kind of track record clearly makes its dividend a top priority -- and one that investors can count on through thick and thin.
Cincinnati Financial
Market value: $18.7 billion
Dividend yield: 1.9%
Consecutive annual dividend increases: 59
Analysts' opinion: 2 strong buy, 1 buy, 5 hold, 0 sell, 1 strong sell
As Cincinnati Financial (, $114.20) likes to point out, insurance companies are generally regarded as conservative, long-term investments. That certainly has been the case with CINF, which has one of the longest dividend-growth streaks among the Dividend
You’re reading a preview, subscribe to read more.
Start your free 30 days