Top 20 Highest Yielding Dividend Kings Now

Up to date on June twenty sixth, 2023 by Bob Ciura

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 Checklist under incorporates the next for every inventory within the index amongst different vital investing metrics:

Payout ratio
Dividend yield
Worth-to-earnings ratio

You possibly can see the complete downloadable spreadsheet of all 50 Dividend Kings (together with vital monetary metrics reminiscent of dividend yields, payout ratios, and price-to-earnings ratios) by clicking on the hyperlink under:

We sometimes rank shares primarily based on their five-year anticipated annual returns, as acknowledged within the Positive Evaluation Analysis Database.

However for buyers primarily concerned about earnings, it’s also helpful to rank the Dividend Kings in accordance with their dividend yields.

This text will rank the 20 highest-yielding Dividend Kings right this moment.

Desk of Contents

Excessive Yield Dividend King #20: Gorman-Rupp Co. (GRC)

Gorman-Rupp is a number one provider of essential techniques that industrial purchasers depend on to run their companies. The corporate generates income of greater than $500 million yearly. The corporate’s merchandise are utilized in all kinds of finish markets, together with agriculture, air-con, building, hearth safety, heating, industrial, liquid dealing with, army, unique gear, petroleum, air flow, water, and wastewater.

The corporate’s water-related companies account for ~58% of annual income, non-water contributes 29%, and restore components account for the rest.

Associated: 7 Greatest Water Shares Buys Now

The corporate’s diversified portfolio helps to guard in opposition to declines in anyone space of its enterprise.

Supply: Investor Presentation

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

Excessive Yield Dividend King #19: Sysco Corp. (SYY)

Sysco Company is the most important wholesale meals distributor in the USA that serves 600,000 places with meals supply, together with eating places, hospitals, faculties, inns, and different amenities. In accordance with estimates, the corporate has a 16% market share of whole meals supply inside the USA.

Supply: Investor Presentation

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

Excessive Yield Dividend King #18: Hormel Meals (HRL)

Hormel Meals was based again in 1891 in Minnesota. Since that point, the corporate has grown right into a juggernaut within the meals merchandise business with practically $10 billion in annual income.

Hormel has stored with its core competency as a processor of meat merchandise for properly over 100 years, however has additionally grown into different enterprise strains by acquisitions.

Hormel has a big portfolio of category-leading manufacturers. Only a few of its prime manufacturers embrace embrace Skippy, SPAM, Applegate, Justin’s, and greater than 30 others.

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

Excessive Yield Dividend King #17: PepsiCo Inc. (PEP)

PepsiCo is a worldwide meals and beverage firm that generates $86 billion in annual gross sales. The corporate’s manufacturers embrace Pepsi, Mountain Dew, Frito–Lay chips, Gatorade, Tropicana orange juice and Quaker meals. The corporate has roughly 20 $1 billion-brands in its portfolio.

Supply: Investor Presentation

PepsiCo continues to carry out properly on a basic foundation. On April twenty fifth, 2023, PepsiCo reported first quarter outcomes for the interval ending March thirty first, 2022. Income grew 10.2% to $17.9 billion, topping analysts’ estimates by $580 million. Adjusted earnings-per-share of $1.50 in comparison with $1.29 within the prior 12 months and was $0.11 higher than anticipated.

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

Excessive Yield Dividend King #16: Johnson & Johnson (JNJ)

Johnson & Johnson is a worldwide healthcare large. The corporate at present operates three segments: Client, Pharmaceutical, and Medical Units & Diagnostics. The company consists of roughly 250 subsidiary firms with operations in 60 international locations and merchandise bought in over 175 international locations.

Johnson & Johnson’s key aggressive benefit is the scale and scale of its enterprise. The corporate is a worldwide chief in a number of healthcare classes. Johnson & Johnson’s diversification permits it to proceed to develop even when one of many segments is underperforming.

The corporate has elevated its dividend for 60 consecutive years, making it a Dividend King. The inventory is owned by many well-known cash managers. For instance, J&J is a Kevin O’Leary dividend inventory.

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

Excessive Yield Dividend King #15: The Coca-Cola Firm (KO)

Coca-Cola is the world’s largest beverage firm, because it owns or licenses greater than 500 distinctive non–alcoholic manufacturers. For the reason that firm’s founding in 1886, it has unfold to greater than 200 international locations worldwide.

Supply: Investor Presentation

The corporate additionally has an distinctive 59-year dividend enhance streak.

Coca-Cola’s aggressive benefits embrace its unparalleled suite of beverage manufacturers, in addition to its environment friendly globaldistribution community. Coca-Cola can also be extraordinarily proof against recessionary environments, having elevated its earningsper-share throughout and after the monetary disaster.

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

Excessive Yield Dividend King #14: Cincinnati Monetary (CINF)

Cincinnati Monetary is an insurance coverage firm based in 1950. It gives enterprise, residence, auto insurance coverage, and monetary merchandise, together with life insurance coverage, annuities, property, and casualty insurance coverage.

On February sixth, 2023, Cincinnati Monetary reported the fourth quarter and full 12 months outcomes for Fiscal Yr (FY) 2022. Complete revenues had been $3.1 billion for the quarter in comparison with $3.3 billion in 4Q 2021. Revenues had been down (6)% 12 months over 12 months.

Nevertheless, Earned premiums had been up 12% 12 months over 12 months from $1.7 billion in 4Q2021 to $1.9 billion in premiums in 4Q2022. Earned premiums development was pushed by 10% development web written premiums, together with value will increase, premium development initiatives and the next stage of insured exposures.

For the complete 12 months, whole income had been down (32)% in comparison with FY2021. Nevertheless, earned premiums elevated 11% 12 months over 12 months.

Additionally, the corporate had a web lack of $486 million, or $(3.06) per share, in contrast with web earnings of $2.946 billion, or $18.10 per share, in 2021. Total, Non-GAAP was $4.24 per share in comparison with $6.41 per share in 2021, a lower of (34)% 12 months over 12 months. The corporate additionally introduced its 63 12 months in a row dividend enhance of 8.7%.

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

Excessive Yield Dividend King #13: Goal Company (TGT)

Goal is a big low cost retailer. Its enterprise consists of about 1,850 large field shops, which supply common merchandise and meals, in addition to serving as distribution factors for the corporate’s burgeoning e-commerce enterprise. Goal ought to produce about $110 billion in whole income this 12 months.

We see continued comparable gross sales development as driving outcomes, together with sizable margin enlargement from low ranges in 2022 and 2023, and a tailwind from the buyback. Goal’s digital efforts are additionally working extraordinarily properly, as we noticed once more in 2021 outcomes, and the corporate’s small-format shops are performing very properly, opening a brand new avenue of development for the corporate within the coming years.

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

Excessive Yield Dividend King #12: Kimberly-Clark (KMB)

Kimberly-Clark is a worldwide shopper merchandise firm that operates in 175 international locations and sells disposable shopper items, together with paper towels, diapers, and tissues.

It operates by two segments that every home many well-liked manufacturers: Private Care Phase (Huggies, Pull-Ups, Kotex, Rely, Poise) and the Client Tissue phase (Kleenex, Scott, Cottonelle, and Viva), producing practically $20 billion in annual income.

The corporate just lately reported fourth-quarter and full-year 2022 outcomes.

Supply: Investor Presentation

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

Excessive Yield Dividend King #11: Stanley Black & Decker (SWK)

Stanley Black & Decker is a world chief in energy instruments, hand instruments, and associated objects. The corporate holds the highest world place in instruments and storage gross sales. Stanley Black & Decker is second on the earth within the areas of business digital safety and engineered fastening.

Supply: Investor Presentation

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

Excessive Yield Dividend King #10: Nationwide Gasoline Gasoline Co. (NFG)

Nationwide Gasoline Gasoline Co. is a diversified power firm that operates in 5 enterprise segments: Exploration & Manufacturing, Pipeline & Storage, Gathering, Utility, and Power Advertising. The corporate’s largest phase is Exploration & Manufacturing.

Supply: Investor Presentation

In early February, Nationwide Gasoline Gasoline reported (2/2/23) monetary outcomes for the primary quarter of fiscal 2023. The corporate grew its manufacturing 11% over the prior 12 months’s quarter because of the event of core acreage positions in Appalachia. As well as, its realized value of pure gasoline grew 20% because of tight provide.

Because of this, adjusted earnings per-share grew 24%, from $1.48 to $1.84, and exceeded the analysts’ consensus by $0.15. Nationwide Gasoline Gasoline has exceeded the analysts’ consensus in 14 of the final 15 quarters.

Alternatively, the value of pure gasoline has plunged to a 2-year low these days, primarily on account of comparatively heat climate. As well as, the worldwide gasoline market has considerably absorbed the affect of the sanctions of western international locations on Russia for its invasion in Ukraine. Because of this, Nationwide Gasoline Gasoline lowered its steering for its earnings-per-share in fiscal 2023 from $6.40-$6.90 to $5.35-$5.75.

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

Excessive Yield Dividend King #9: Black Hills Company (BKH)

Black Hills Company is an electrical utility that gives electrical energy and pure gasoline to prospects in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. Black Hills was based in 1941, and the firm is headquartered in Fast Metropolis, South Dakota.

Supply: Investor Presentation

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

Excessive Yield Dividend King #8: AbbVie Inc. (ABBV)

AbbVie is a pharmaceutical firm spun off by Abbott Laboratories (ABT) in 2013. Its most vital product is Humira, which is now dealing with biosimilar competitors in Europe, which has had a noticeable affect on the corporate. Humira will lose patent safety within the U.S. in 2023.

Even so, AbbVie stays a large within the healthcare sector, with a big and diversified product portfolio.

Supply: Investor Presentation

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

Excessive Yield Dividend King #7: Northwest Pure Holding Co. (NWN)

NW Pure was based in 1859 and has grown from only a handful of shoppers to serving greater than 760,000 right this moment. The utility’s mission is to ship pure gasoline to its prospects within the Pacific Northwest and it has performed that properly, affording it the flexibility to boost its dividend for 66 consecutive years.

Supply: Investor Presentation

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

Excessive Yield Dividend King #6: Federal Realty Funding Belief (FRT)

Federal Realty was based in 1962. As a Actual Property Funding Belief, Federal Realty’s enterprise mannequin is to personal and lease out actual property properties. It makes use of a good portion of its rental earnings, in addition to exterior financing, to amass new properties. This helps create a “snow-ball” impact of rising earnings over time.

Federal Realty primarily owns procuring facilities. Nevertheless, it additionally operates in redevelopment of multi-purpose properties together with retail, residences, and condominiums. The portfolio is very diversified by way of tenant base.

Supply: Investor Presentation

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

Excessive Yield Dividend King #5: Canadian Utilities (CDUAF)

Canadian Utilities is an $8 billion firm with roughly 5,000 workers. ATCO owns 53% of Canadian Utilities. Primarily based in Alberta, Canadian Utilities is a diversified world power infrastructure company delivering options in Electrical energy, Pipelines & Liquid, and Retail Power.

Supply: Investor Presentation

The corporate prides itself on having Canada’s longest consecutive years of dividend will increase, with a 50-year streak. Except in any other case famous, US {dollars} are used on this analysis report.

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

Excessive Yield Dividend King #4: 3M Firm (MMM)

3M sells greater than 60,000 merchandise which might be used day-after-day in houses, hospitals, workplace buildings and faculties across the world. It has about 95,000 workers and serves prospects in additional than 200 international locations.

3M is now composed of 4 separate divisions: Security & Industrial, Healthcare, Transportation & Electronics, and Client. The corporate additionally introduced that it could be spinning off its Well being Care phase right into a standalone entity, which might have had $8.6 billion of income in 2021. The transaction is anticipated to shut by the top of 2023.

Supply: Investor Presentation

On April twenty fifth, 2023, 3M reported introduced earnings outcomes for the 2023 first quarter. For the quarter, income of $7.7 billion beat analyst estimates by $190 million. Adjusted EPS of $1.97 additionally beat estimates by $0.37.

Click on right here to obtain our most up-to-date Positive Evaluation report on 3M (preview of web page 1 of three proven under):

Excessive Yield Dividend King #3: Common Company (UVV)

Common Company is a tobacco inventory. It’s the world’s largest leaf tobacco exporter and importer. The corporate is the wholesale purchaser and processor of tobacco that operates as an middleman between tobacco farms and the businesses that manufacture cigarettes, pipe tobacco, and cigars. Common additionally has an elements enterprise that’s separate from the core leaf phase.

Because the chief in a declining business, we don’t anticipate the corporate to ship sturdy development sooner or later. The corporate’s earnings-per-share might nonetheless rise over the following couple of years, nonetheless. Common’s shares commerce at a reasonable valuation primarily based on the earnings and money flows that the corporate generates.

Common additionally doesn’t want to speculate massive quantities of cash into its enterprise, which provides it the flexibility to make the most of a considerable quantity of its free money flows for share repurchases and dividends.

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

Excessive Yield Dividend King #2: Leggett & Platt (LEG)

Leggett & Platt is an engineered merchandise producer. The corporate’s merchandise embrace furnishings, bedding parts, retailer fixtures, die castings, and industrial merchandise. Leggett & Platt has 14 enterprise models and greater than 20,000 workers.

Leggett & Platt reported its first quarter earnings outcomes on Could 1. The corporate reported revenues of $1.21 billion for the quarter, which represents an 8% decline in comparison with the prior 12 months’s quarter. Revenues had been barely larger than the consensus estimate. The corporate’s income efficiency was stronger than the one recorded through the earlier quarter, when Leggett & Platt had recorded an even bigger income decline.

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

Excessive Yield Dividend King #1: Altria Group (MO)

Altria Group was based by Philip Morris in 1847 and right this moment has grown right into a shopper staples large. Whereas it’s primarily recognized for its tobacco merchandise, it’s considerably concerned within the beer enterprise on account of its 10% stake in world beer large Anheuser-Busch InBev.

Associated: The Greatest Tobacco Shares Now, Ranked In Order

The Marlboro model holds over 42% retail market share within the U.S.

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

Remaining Ideas

Excessive yield dividend shares have apparent enchantment to earnings buyers. The S&P 500 Index yields simply ~1.7% proper now on common, making excessive yield shares much more enticing by comparability.

In fact, buyers ought to at all times do their analysis earlier than shopping for particular person shares.

That mentioned, the 20 shares on this record have yields not less than double the S&P 500 Index common, going all the best way as much as 8%. And, every of those shares has elevated their dividends for 50 consecutive years. They’re all a part of the unique Dividend Kings record.

Because of this, earnings buyers might discover these 20 dividend shares enticing.

Additional Studying

If you’re concerned about discovering high-quality dividend development shares and/or different high-yield securities and earnings securities, the next Positive Dividend assets might be helpful:

Excessive-Yield Particular person Safety Analysis

Different Positive Dividend Assets