2024 Dividend Kings List (50 Years Straight of Dividends)
“If you don't find a way to make money while you sleep, you will work until you die.”
Are you on the hunt for stable investments that provide passive income? Are you looking to get your money working for you and bring back even more money? Then you are going to like the idea of Dividend Kings.
What is a dividend king?
A Dividend King is a stock that has increased its dividend for 50 or more years in a row.
Companies that offer steady dividends are often well-established and profitable. No companies exhibit this better than dividend kings. This list of exclusive stocks have raised dividends for at least 50 straight years.
That's no small feat, given that these companies have raised and paid dividends through seven recessions, an oil embargo (1973-74), double-digit interest rates (the 1980s), Black Monday (1987), 9/11, the dot-com bubble (1999-2000), the 2008 financial crisis, the Coronavirus Crash of 2020, and other events over the last five decades.
Out of more than 4,000 U.S stocks, only 56 make the cut in 2024.
Altria Group Inc. (MO)- Sector: Consumer Defensive
- Dividend Yield: 9.59%
- Streak: 54 years
- 1 Year Div Growth: 4.26%
- 5 Year Div Growth: 4.14%
- Payout Ratio: 81.3%
- Market Cap: $72.1B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Leggett & Platt, Inc. (LEG)- Sector: Consumer Cyclical
- Dividend Yield: 8.92%
- Streak: 52 years
- 1 Year Div Growth: 4.55%
- 5 Year Div Growth: 3.9%
- Payout Ratio: NA%
- Market Cap: $2.76B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Universal Corp. (UVV)- Sector: Consumer Defensive
- Dividend Yield: 6.64%
- Streak: 53 years
- 1 Year Div Growth: 1.27%
- 5 Year Div Growth: 1.03%
- Payout Ratio: 58.57%
- Market Cap: $1.18B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
3M Co. (MMM)- Sector: Industrials
- Dividend Yield: 6.58%
- Streak: 66 years
- 1 Year Div Growth: 0.67%
- 5 Year Div Growth: 0.95%
- Payout Ratio: NA%
- Market Cap: $50.8B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Canadian Utilities Ltd. (CDUAF)- Sector: Utilities
- Dividend Yield: 5.66%
- Streak: 51 years
- 1 Year Div Growth: 1.0%
- 5 Year Div Growth: 1.4%
- Payout Ratio: NA%
- Market Cap: $4.66B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Northwest Natural Holding Co (NWN)- Sector: Utilities
- Dividend Yield: 5.28%
- Streak: 68 years
- 1 Year Div Growth: 0.52%
- 5 Year Div Growth: 0.52%
- Payout Ratio: 73.7%
- Market Cap: $1.39B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Black Hills Corporation (BKH)- Sector: Utilities
- Dividend Yield: 5.06%
- Streak: 54 years
- 1 Year Div Growth: 4.0%
- 5 Year Div Growth: 5.18%
- Payout Ratio: 63.42%
- Market Cap: $3.51B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Telephone And Data Systems, Inc. (TDS)- Sector: Communication Services
- Dividend Yield: 4.93%
- Streak: 50 years
- 1 Year Div Growth: 2.78%
- 5 Year Div Growth: 2.31%
- Payout Ratio: NA%
- Market Cap: $1.63B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Fortis Inc. (FTS)- Sector: Utilities
- Dividend Yield: 4.54%
- Streak: 50 years
- 1 Year Div Growth: 40.04%
- 5 Year Div Growth: 5.57%
- Payout Ratio: NA%
- Market Cap: $18.9B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Federal Realty Investment Trust. (FRT)- Sector: Real Estate
- Dividend Yield: 4.36%
- Streak: 56 years
- 1 Year Div Growth: 0.93%
- 5 Year Div Growth: 1.34%
- Payout Ratio: NA%
- Market Cap: $8.29B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
United Bankshares, Inc. (UBSI)- Sector: Financial Services
- Dividend Yield: 4.33%
- Streak: 50 years
- 1 Year Div Growth: 2.78%
- 5 Year Div Growth: 1.71%
- Payout Ratio: 51.56%
- Market Cap: $4.61B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Kenvue Inc (KVUE)- Sector: N/A
- Dividend Yield: 4.25%
- Streak: 61 years
- 1 Year Div Growth: NA%
- 5 Year Div Growth: NA%
- Payout Ratio: 35.53%
- Market Cap: $36B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
National Fuel Gas Co. (NFG)- Sector: Energy
- Dividend Yield: 4.06%
- Streak: 53 years
- 1 Year Div Growth: 4.21%
- 5 Year Div Growth: 3.1%
- Payout Ratio: 40.5%
- Market Cap: $4.49B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Kimberly-Clark Corp. (KMB)- Sector: Consumer Defensive
- Dividend Yield: 3.97%
- Streak: 52 years
- 1 Year Div Growth: 1.72%
- 5 Year Div Growth: 2.76%
- Payout Ratio: 89.33%
- Market Cap: $41.4B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Consolidated Edison, Inc. (ED)- Sector: Utilities
- Dividend Yield: 3.82%
- Streak: 50 years
- 1 Year Div Growth: 2.47%
- 5 Year Div Growth: 2.32%
- Payout Ratio: 44.6%
- Market Cap: $30.1B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Archer Daniels Midland Co. (ADM)- Sector: Consumer Defensive
- Dividend Yield: 3.69%
- Streak: 51 years
- 1 Year Div Growth: 11.11%
- 5 Year Div Growth: 7.39%
- Payout Ratio: 25.45%
- Market Cap: $28.9B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Stanley Black & Decker Inc (SWK)- Sector: Industrials
- Dividend Yield: 3.62%
- Streak: 56 years
- 1 Year Div Growth: 1.25%
- 5 Year Div Growth: 4.18%
- Payout Ratio: NA%
- Market Cap: $13.8B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Abbvie Inc (ABBV)- Sector: Healthcare
- Dividend Yield: 3.47%
- Streak: 52 years
- 1 Year Div Growth: 4.73%
- 5 Year Div Growth: 7.69%
- Payout Ratio: 217.02%
- Market Cap: $316B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Hormel Foods Corp. (HRL)- Sector: Consumer Defensive
- Dividend Yield: 3.39%
- Streak: 58 years
- 1 Year Div Growth: 2.73%
- 5 Year Div Growth: 6.11%
- Payout Ratio: 75.43%
- Market Cap: $18.3B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
PepsiCo Inc (PEP)- Sector: Consumer Defensive
- Dividend Yield: 3.29%
- Streak: 52 years
- 1 Year Div Growth: 10.0%
- 5 Year Div Growth: 5.78%
- Payout Ratio: 75.43%
- Market Cap: $226B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Coca-Cola Co (KO)- Sector: Consumer Defensive
- Dividend Yield: 3.26%
- Streak: 62 years
- 1 Year Div Growth: 4.55%
- 5 Year Div Growth: 2.83%
- Payout Ratio: 73.62%
- Market Cap: $257B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Johnson & Johnson (JNJ)- Sector: Healthcare
- Dividend Yield: 2.94%
- Streak: 61 years
- 1 Year Div Growth: 5.31%
- 5 Year Div Growth: 4.61%
- Payout Ratio: 34.27%
- Market Cap: $391B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Cincinnati Financial Corp. (CINF)- Sector: Financial Services
- Dividend Yield: 2.84%
- Streak: 64 years
- 1 Year Div Growth: 8.7%
- 5 Year Div Growth: 6.02%
- Payout Ratio: 25.18%
- Market Cap: $17.8B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
SJW Group (SJW)- Sector: Utilities
- Dividend Yield: 2.84%
- Streak: 56 years
- 1 Year Div Growth: 5.26%
- 5 Year Div Growth: 5.92%
- Payout Ratio: 56.94%
- Market Cap: $1.81B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Target Corp (TGT)- Sector: Consumer Defensive
- Dividend Yield: 2.83%
- Streak: 55 years
- 1 Year Div Growth: 1.85%
- 5 Year Div Growth: 10.76%
- Payout Ratio: 55.16%
- Market Cap: $71.7B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Genuine Parts Co. (GPC)- Sector: Consumer Cyclical
- Dividend Yield: 2.68%
- Streak: 68 years
- 1 Year Div Growth: 5.26%
- 5 Year Div Growth: 5.57%
- Payout Ratio: 40.86%
- Market Cap: $20.8B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Middlesex Water Co. (MSEX)- Sector: Utilities
- Dividend Yield: 2.53%
- Streak: 51 years
- 1 Year Div Growth: 4.0%
- 5 Year Div Growth: 6.25%
- Payout Ratio: 68.22%
- Market Cap: $913M
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Sysco Corp. (SYY)- Sector: Consumer Defensive
- Dividend Yield: 2.53%
- Streak: 53 years
- 1 Year Div Growth: 2.04%
- 5 Year Div Growth: 5.09%
- Payout Ratio: 48.03%
- Market Cap: $39.8B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
California Water Service Group (CWT)- Sector: Utilities
- Dividend Yield: 2.46%
- Streak: 56 years
- 1 Year Div Growth: 7.69%
- 5 Year Div Growth: 7.23%
- Payout Ratio: 115.41%
- Market Cap: $2.63B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
American States Water Co. (AWR)- Sector: Utilities
- Dividend Yield: 2.4%
- Streak: 69 years
- 1 Year Div Growth: 8.18%
- 5 Year Div Growth: 9.35%
- Payout Ratio: 49.82%
- Market Cap: $2.65B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Procter & Gamble Co. (PG)- Sector: Consumer Defensive
- Dividend Yield: 2.37%
- Streak: 67 years
- 1 Year Div Growth: 3.0%
- 5 Year Div Growth: 4.75%
- Payout Ratio: 63.61%
- Market Cap: $374B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Colgate-Palmolive Co. (CL)- Sector: Consumer Defensive
- Dividend Yield: 2.22%
- Streak: 61 years
- 1 Year Div Growth: 2.13%
- 5 Year Div Growth: 2.22%
- Payout Ratio: 68.67%
- Market Cap: $71.2B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
ABM Industries Inc. (ABM)- Sector: Industrials
- Dividend Yield: 2.18%
- Streak: 56 years
- 1 Year Div Growth: 2.27%
- 5 Year Div Growth: 4.56%
- Payout Ratio: 23.17%
- Market Cap: $2.61B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Illinois Tool Works, Inc. (ITW)- Sector: Industrials
- Dividend Yield: 2.15%
- Streak: 60 years
- 1 Year Div Growth: 6.87%
- 5 Year Div Growth: 6.96%
- Payout Ratio: 55.41%
- Market Cap: $77.7B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Commerce Bancshares, Inc. (CBSH)- Sector: Financial Services
- Dividend Yield: 2.08%
- Streak: 54 years
- 1 Year Div Growth: 1.89%
- 5 Year Div Growth: 0.76%
- Payout Ratio: 27.17%
- Market Cap: $6.74B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Emerson Electric Co. (EMR)- Sector: Industrials
- Dividend Yield: 1.94%
- Streak: 67 years
- 1 Year Div Growth: 0.96%
- 5 Year Div Growth: 1.39%
- Payout Ratio: 10.79%
- Market Cap: $61.9B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Gorman-Rupp Co. (GRC)- Sector: Industrials
- Dividend Yield: 1.93%
- Streak: 51 years
- 1 Year Div Growth: 2.86%
- 5 Year Div Growth: 5.92%
- Payout Ratio: 52.56%
- Market Cap: $978M
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
PPG Industries, Inc. (PPG)- Sector: Basic Materials
- Dividend Yield: 1.86%
- Streak: 52 years
- 1 Year Div Growth: 4.84%
- 5 Year Div Growth: 6.25%
- Payout Ratio: 47.7%
- Market Cap: $32.8B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Abbott Laboratories (ABT)- Sector: Healthcare
- Dividend Yield: 1.85%
- Streak: 52 years
- 1 Year Div Growth: 7.84%
- 5 Year Div Growth: 11.44%
- Payout Ratio: 63.14%
- Market Cap: $206B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Farmers & Merchants Bancorp (FMCB)- Sector: Financial Services
- Dividend Yield: 1.81%
- Streak: 58 years
- 1 Year Div Growth: NA%
- 5 Year Div Growth: NA%
- Payout Ratio: NA%
- Market Cap: $724M
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Lowe`s Cos., Inc. (LOW)- Sector: Consumer Cyclical
- Dividend Yield: 1.8%
- Streak: 60 years
- 1 Year Div Growth: 4.76%
- 5 Year Div Growth: 18.04%
- Payout Ratio: 33.33%
- Market Cap: $141B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Lancaster Colony Corp. (LANC)- Sector: Consumer Defensive
- Dividend Yield: 1.75%
- Streak: 61 years
- 1 Year Div Growth: 5.88%
- 5 Year Div Growth: 6.72%
- Payout Ratio: 72.45%
- Market Cap: $5.68B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Stepan Co. (SCL)- Sector: Basic Materials
- Dividend Yield: 1.71%
- Streak: 56 years
- 1 Year Div Growth: 2.74%
- 5 Year Div Growth: 8.45%
- Payout Ratio: 84.03%
- Market Cap: $1.97B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Becton Dickinson & Co. (BDX)- Sector: Healthcare
- Dividend Yield: 1.61%
- Streak: 52 years
- 1 Year Div Growth: 4.4%
- 5 Year Div Growth: 4.29%
- Payout Ratio: 87.13%
- Market Cap: $68B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
RPM International, Inc. (RPM)- Sector: Basic Materials
- Dividend Yield: 1.6%
- Streak: 50 years
- 1 Year Div Growth: 9.52%
- 5 Year Div Growth: 5.62%
- Payout Ratio: 43.07%
- Market Cap: $14.8B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Walmart Inc (WMT)- Sector: Consumer Defensive
- Dividend Yield: 1.41%
- Streak: 51 years
- 1 Year Div Growth: 1.79%
- 5 Year Div Growth: 1.47%
- Payout Ratio: 12.56%
- Market Cap: $158B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Dover Corp. (DOV)- Sector: Industrials
- Dividend Yield: 1.22%
- Streak: 68 years
- 1 Year Div Growth: 0.99%
- 5 Year Div Growth: 1.22%
- Payout Ratio: 26.93%
- Market Cap: $23.4B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Nucor Corp. (NUE)- Sector: Basic Materials
- Dividend Yield: 1.13%
- Streak: 51 years
- 1 Year Div Growth: 5.88%
- 5 Year Div Growth: 6.19%
- Payout Ratio: 11.45%
- Market Cap: $45.9B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Tootsie Roll Industries, Inc. (TR)- Sector: Consumer Defensive
- Dividend Yield: 1.11%
- Streak: 58 years
- 1 Year Div Growth: NA%
- 5 Year Div Growth: NA%
- Payout Ratio: 20.4%
- Market Cap: $1.3B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Parker-Hannifin Corp. (PH)- Sector: Industrials
- Dividend Yield: 1.1%
- Streak: 67 years
- 1 Year Div Growth: 11.28%
- 5 Year Div Growth: 10.96%
- Payout Ratio: 29.09%
- Market Cap: $69.1B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
H.B. Fuller Company (FUL)- Sector: Basic Materials
- Dividend Yield: 1.03%
- Streak: 54 years
- 1 Year Div Growth: NA%
- 5 Year Div Growth: NA%
- Payout Ratio: 31.53%
- Market Cap: $4.31B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
MSA Safety Inc (MSA)- Sector: Industrials
- Dividend Yield: 1.03%
- Streak: 53 years
- 1 Year Div Growth: 2.17%
- 5 Year Div Growth: 2.28%
- Payout Ratio: 126.51%
- Market Cap: $7.2B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Nordson Corp. (NDSN)- Sector: Industrials
- Dividend Yield: 1.02%
- Streak: 60 years
- 1 Year Div Growth: 4.62%
- 5 Year Div Growth: 14.21%
- Payout Ratio: 31.18%
- Market Cap: $15.2B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Tennant Co. (TNC)- Sector: Industrials
- Dividend Yield: 1.01%
- Streak: 53 years
- 1 Year Div Growth: 5.66%
- 5 Year Div Growth: 4.94%
- Payout Ratio: 18.62%
- Market Cap: $2.06B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
S&P Global Inc (SPGI)- Sector: Financial Services
- Dividend Yield: 0.85%
- Streak: 51 years
- 1 Year Div Growth: 1.11%
- 5 Year Div Growth: 9.81%
- Payout Ratio: 43.72%
- Market Cap: $143B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
W.W. Grainger Inc. (GWW)- Sector: Industrials
- Dividend Yield: 0.76%
- Streak: 52 years
- 1 Year Div Growth: 8.14%
- 5 Year Div Growth: 5.25%
- Payout Ratio: 20.31%
- Market Cap: $48.2B
- Rating: See the research
- Dividend Risk: See the research
- Retirement Suitability: See the research
Sector and Market capitalization Breakdown
The sectors and market cap's of the Dividend Kings are different from the broader stock market. Here is the Dividend Kings sector breakdown:
- Consumer Staples: 25.5%
- Industrials: 21.8%
- Utilities: 16.4%
- Health Care: 9.1%
- Financials: 9.1%
- Materials: 9.1%
- Consumer Discretionary: 5.5%
- Real Estate: 1.8%
- Energy: 1.8%
Dividend Kings are heavy in the Industrials, Consumer Staples, and Utilities sectors. Interestingly, There are zero stocks from the tech Sector, Which makes up a huge percentage of the S&P 500.
Dividend Kings come in all different sizes. Here is the breakdown:
- Mega caps ($200 billion+ market cap): 11%
- Large caps ($10 billion to $200 billion market cap): 47%
- Mid caps ($2 billion to $10 billion): 27%
- Small caps ($300 million to $2 billion): 15%
Whats interesting is: 42% of the Dividend Kings have a market cap below $10 billion. This shows that consistent, growing payouts to shareholders over decades doesn't always come with gigantic size.
What is a Dividend Stock?
Dividend stocks are publicly traded companies that payout part of their profits to shareholders in the form of quarterly dividends. Dividend-paying stocks is great for investors looking for an income stream (even during a bad market) or as part of a long-term wealth-building plan focused on collecting cold hard cash every year.
Analysis Reports On All 56 Dividend Kings
Want in-depth analysis on all 56 Dividend Kings?
Get detailed reports on all the Dividend Kings to help you find the best income securities for your retirement and financial freedom portfolios, while avoiding mediocre or worse investments.