Printed on February thirteenth, 2025 by Bob Ciura
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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.
We’ve compiled a listing that features each Dividend King.
You may see the complete downloadable spreadsheet of all 54 Dividend Kings (together with vital monetary metrics equivalent to dividend yields, payout ratios, and price-to-earnings ratios) by clicking on the hyperlink beneath:
The Dividend Kings record consists of a number of mega-cap shares which have monumental companies, equivalent to Walmart Inc. (WMT) and Coca-Cola (KO).
And, there are a lot of high quality dividend shares that haven’t but reached the 50-year threshold. Nonetheless, their sturdy enterprise fashions and sturdy aggressive benefits make it extraordinarily probably they’ll turn into Dividend Kings.
The next 9 shares have not less than 45 years of dividend will increase, that means it’s only a matter of time till they attain the Dividend Kings record.
Desk of Contents
Dividend Kings Overview
The necessities to be a Dividend King are comparatively easy: 50 consecutive years of dividend will increase. In contrast to the Dividend Aristocrats, there are not any different necessities.
There are at the moment 54 Dividend Kings.
The Dividend Kings are chubby within the Industrials, Client Staples, and Utilities sectors. On the similar time, the Dividend Kings record is underweight the expertise sector.
The next part lists 9 dividend shares that ought to attain the Dividend Kings record inside the subsequent 5 years.
Dividend King In The Making: Franklin Sources (BEN)
- Years Of Dividend Will increase: 45
Franklin Sources, based in 1947 and headquartered in San Mateo, CA, is a world asset supervisor with a protracted and profitable historical past.
The corporate presents funding administration (which makes up the majority of charges the corporate collects) and associated companies to its clients, together with gross sales, distribution, and shareholder servicing.
On November 4th, 2024, Franklin Sources reported fourth quarter 2024 outcomes for the interval ending September thirtieth, 2024.
Complete belongings underneath administration equaled $1.679 trillion, up $32 billion sequentially, because of $63.5 billion of internet market change, distributions, and different, partly offset by 31.3 billion of long-term internet outflows and $0.2 billion of money administration internet outflows.
For the quarter, working income totaled $2.211 billion, up 11% year-over-year. On an adjusted foundation, internet revenue equaled $315 million or $0.59 per share, a 30% decline from $0.84 in Q3 2023.
Throughout This autumn, Franklin repurchased 4.9 million shares of inventory for $102.4 million.
Click on right here to obtain our most up-to-date Positive Evaluation report on BEN (preview of web page 1 of three proven beneath):
Dividend King In The Making: Sherwin-Williams Co. (SHW)
- Years Of Dividend Will increase: 46
Sherwin-Williams, based in 1866, is North America’s largest producer of paints and coatings.
The corporate distributes its merchandise by means of wholesalers in addition to retail shops (together with a series of greater than 4,900 company-operated shops and services) to 120 nations underneath the Sherwin-Williams identify.
The corporate additionally manufactures Dutch Boy, Pratt & Lambert, Minwax, Thompson’s Waterseal, Krylon, Valspar (acquired in 2017), and different manufacturers.
On October twenty second, 2024, Sherwin-Williams launched monetary outcomes for the third quarter of fiscal 2024. Gross sales edged up solely 0.7% over final yr’s quarter, primarily attributable to poor demand in Client Manufacturers Group.
Nonetheless, gross margin expanded from 47.7% to 49.1% thanks to cost hikes and adjusted earnings-per-share grew 5%, from $3.20 to $3.37.
Sherwin-Williams reiterated its steering for 2024. It expects gross sales to be up a low-single digit % and earnings-per-share of $11.10-$11.40.
Because it has overwhelmed the analysts’ estimates in 7 of the final 9 quarters and tends to subject considerably cautious steering, now we have saved our forecast intact at $11.40 (excessive finish).
Click on right here to obtain our most up-to-date Positive Evaluation report on SHW (preview of web page 1 of three proven beneath):
Dividend King In The Making: Medtronic plc (MDT)
- Years Of Dividend Will increase: 47
Medtronic, which has operations in additional than 150 nations, is the world’s largest producer of biomedical units and implantable applied sciences.
The corporate consists of segments, together with Cardiovascular, Medical Surgical, Neuroscience, and Diabetes.
Ageing worldwide demographics ought to present a tailwind to the corporate’s enterprise as elevated entry to healthcare services turns into extra essential.
There are almost 70 million Child Boomers within the U.S. alone that may want growing quantities of medical care as they age.
In mid-November, Medtronic reported (11/19/24) outcomes for the second quarter of fiscal 2025.
Supply: Investor Presentation
Natural income grew 5% over the prior yr’s quarter due to broad-based progress in all of the 4 segments. Earnings-per-share grew 1%, from $1.25 to $1.26, and exceeded the analysts’ consensus by $0.01.
As Medtronic carried out barely higher than anticipated within the second quarter, it marginally raised its steering for fiscal 2025.
Click on right here to obtain our most up-to-date Positive Evaluation report on Medtronic plc (MDT) (preview of web page 1 of three proven beneath):
Dividend King In The Making: Clorox Firm (CLX)
- Years Of Dividend Will increase: 47
Clorox is a producer and marketer of shopper {and professional} merchandise, spanning a big selection of classes from charcoal to cleansing provides to salad dressing.
Greater than 80% of its income comes from merchandise which might be #1 or #2 of their classes throughout the globe, serving to Clorox produce greater than $7 billion in annual income.
Supply: Investor Presentation
Clorox posted fourth quarter and full-year earnings on February third, 2025, and outcomes have been higher than anticipated on each the highest and backside strains. Adjusted earnings-per-share got here to $1.55, which was 15 cents forward of expectations.
Income was off 15% year-over-year to $1.69 billion, however did not less than beat estimates by $60 million. Gross margin was up 30 foundation factors to 43.8% of income from the year-ago quarter. This was primarily pushed by price financial savings and the advantages from the divestitures of the VMS and Argentina companies.
The corporate expects gross sales for this fiscal yr (which has two quarters remaining) to be between -1% and +2%. Natural gross sales are anticipated to be up 4% to 7%, excluding about 2% of destructive influence from the Argentina enterprise divestiture, and an extra 3% from the VMS divestiture.
Click on right here to obtain our most up-to-date Positive Evaluation report on CLX (preview of web page 1 of three proven beneath):
Dividend King In The Making: Sonoco Merchandise (SON)
- Years Of Dividend Will increase: 48
Sonoco Merchandise supplies packaging, industrial merchandise and provide chain companies to its clients. The markets that use the corporate’s merchandise embrace these within the home equipment, electronics, beverage, development and meals industries.
The corporate generates almost $7 billion in annual gross sales. Sonoco Merchandise is now composed of two main segments, Client Packaging, and Industrial Packaging, with all different companies listed as “All Different”.
Supply: Investor Presentation
On October thirty first, 2024, Sonoco Merchandise reported third quarter outcomes for the interval ending September thirtieth, 2024. For the quarter, income decreased 1.8% to $1.68 billion, which was $40 million beneath estimates. Adjusted earnings-per share of $1.49 in contrast favorably to $1.46 within the prior yr and was $0.03 higher than anticipated.
As with the prior quarter, outcomes impacted by a divestiture and a closure of a number of crops. Costs have been decrease, however quantity was up. For the quarter, Client Packaging revenues of $984 million was largely unchanged from the prior yr.
Quantity for steel aerosol cans and versatile packaging have been offset by the closure of a thermoformed meals packaging plant and decrease costs. Industrial Paper Packing gross sales grew 1% to $585 million as this section benefited from greater costs.
Click on right here to obtain our most up-to-date Positive Evaluation report on Sonoco (SON) (preview of web page 1 of three proven beneath):
Dividend King In The Making: Carlisle Corporations Inc. (CSL)
- Years Of Dividend Will increase: 48
Carlisle Corporations is a diversified firm that’s energetic in a big selection of area of interest markets.
The segments through which the corporate produces and sells merchandise embrace development supplies (roofing, waterproofing, and so on.), interconnecting applied sciences (wires, cables, and so on.), fluid applied sciences, and brake & friction.
Carlisle Corporations reported its third quarter earnings outcomes on October 24. The corporate reported revenues of $1.3 billion for the quarter, which was up 6% year-over-year. A weaker housing market was a little bit of a headwind throughout the interval.
Carlisle Corporations generated earnings-per-share of $5.78 throughout the third quarter, lacking the consensus analyst estimate barely, by $0.04. Earnings-per-share rose 24% year-over-year, as margin enhancements and better revenues made income rise considerably.
Price-saving measures have been a constructive issue, and share repurchases additionally had a constructive influence on the corporate’s earnings-per-share progress fee throughout the interval.
Click on right here to obtain our most up-to-date Positive Evaluation report on CSL (preview of web page 1 of three proven beneath):
Dividend King In The Making: Pentair plc (PNR)
- Years Of Dividend Will increase: 48
Pentair is a water options firm that operates in 3 segments: Aquatic Methods, Filtration Options, and Move Applied sciences. It was based in 1966.
The corporate has elevated its dividend for greater than 4 many years in a row, when adjusted for spin-offs. Pentair is among the prime water shares.
Pentair reported its third quarter earnings outcomes on October 22. The corporate was capable of generate revenues of $990 million throughout the quarter, down 2% year-over-year.
Supply: Investor Presentation
Core gross sales, which exclude the influence of foreign money fee actions, acquisitions, and dispossessions, have been down 1% yr over yr.
Pentair recorded earnings-per-share of $1.09 for the third quarter, which was up 16% year-over-year. Pentair’s earnings-per-share beat the analyst consensus by $0.02.
Click on right here to obtain our most up-to-date Positive Evaluation report on Pentair (preview of web page 1 of three proven beneath):
Dividend King In The Making: MGE Power (MGEE)
- Years Of Dividend Will increase: 49
MGE Power has grown from a small energy station in Wisconsin inbuilt 1902 to an built-in power firm. The corporate has paid consecutive dividends for greater than 100 years.
MGE principally operates fuel and electrical utilities, along with transmission and development companies.
MGE Power, Inc. (MGEE) reported strong Q3 outcomes because it continues to spend money on rising its pure fuel and electrical energy technology companies whereas transitioning away from coal-powered energy technology in direction of renewable energy technology.
It grew its diluted earnings per share from $1.05 to $1.13 year-over-year for the quarter due to improved earnings from each its electrical and fuel utilities together with slight progress in its non-regulated power and transmission companies.
Yr-to-date, the corporate has additionally grown its diluted earnings per share, albeit solely barely, from $2.70 in 2023 to $2.72 this yr.
The efficiency in its electrical utility has been flat and its fuel utility earnings have declined year-over-year, however its non-regulated power and transmission companies have proven strong progress.
The corporate’s electrical utility income combine is 53% industrial, 36% residential, 3% industrial, and eight% different. Its fuel utility income combine is 58% residential, 38% industrial/industrial, and 4% different.
Click on right here to obtain our most up-to-date Positive Evaluation report on MGEE (preview of web page 1 of three proven beneath):
Dividend King In The Making: RLI Corp. (RLI)
- Years Of Dividend Will increase: 49
RLI Corp. is an insurance coverage firm that operates the next enterprise items: Casualty (healthcare & transportation insurance coverage), Property (fireplace, earthquake, distinction in circumstances, marine, and so on.) and Surety (contract surety protection, licenses, and bonds).
Supply: Investor Presentation
RLI Company reported its fourth quarter earnings outcomes on January 22. The corporate reported revenues of $440 million for the quarter, which was up 1% year-over-year. Web earned premiums rose by 15% year-over-year.
Realized positive factors have been greater than throughout the earlier yr’s interval, which had a constructive influence on the corporate’s reported revenues, however internet unrealized positive factors have been decrease in comparison with the earlier yr’s quarter, offset a number of the income tailwinds.
Increased internet funding revenue, which was up 19% yr over yr, was a tailwind for RLI’s profitability throughout the quarter.
RLI Company earned $0.41 per share on a non-GAAP, or adjusted, foundation throughout the quarter.
Click on right here to obtain our most up-to-date Positive Evaluation report on RLI (preview of web page 1 of three proven beneath):
Further Studying
Screening to seek out the most effective Dividend Kings shouldn’t be the one option to discover high-quality dividend progress inventory concepts.
Positive Dividend maintains related databases on the next helpful universes of shares:
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