Up to date on December sixth, 2024 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 Record beneath accommodates the next for every inventory within the index amongst different essential investing metrics:
Payout ratio
Dividend yield
Value-to-earnings ratio
You possibly can see the total downloadable spreadsheet of all 54 Dividend Kings (together with essential monetary metrics comparable to dividend yields, payout ratios, and price-to-earnings ratios) by clicking on the hyperlink beneath:
We sometimes rank shares based mostly on their five-year anticipated annual returns, as acknowledged within the Positive Evaluation Analysis Database.
However for buyers primarily inquisitive about revenue, it’s also helpful to rank the Dividend Kings based on their dividend yields.
This text will rank the 20 highest-yielding Dividend Kings immediately.
Desk of Contents
Excessive Yield Dividend King #20: Real Elements Firm (GPC)
Real Elements has the world’s largest world auto components community, with greater than 10,800 places worldwide. As a significant distributor of automotive and industrial components, Real Elements generates annual income of almost $23 billion.
Supply: Investor Presentation
It operates two segments, that are automotive (contains the NAPA model) and the commercial components group which sells industrial alternative components to MRO (upkeep, restore, and operations) and OEM (unique tools producer) clients.
Prospects are derived from a variety of segments, together with meals and beverage, metals and mining, oil and fuel, and well being care.
The corporate reported its third-quarter 2024 outcomes, with gross sales reaching $6.0 billion, a 2.5% enhance from the earlier 12 months.
Web revenue fell to $227 million, or $1.62 per diluted share, down from $351 million in Q3 2023. Adjusted diluted earnings per share (EPS) additionally decreased to $1.88 in comparison with $2.49 final 12 months.
Click on right here to obtain our most up-to-date Positive Evaluation report on GPC (preview of web page 1 of three proven beneath):
Excessive Yield Dividend King #19: 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 and marketing. The biggest phase of the corporate is Exploration & Manufacturing.
Because of its vertically built-in enterprise mannequin, it enjoys important synergies.
Supply: Investor Presentation
In early November, Nationwide Gasoline Gasoline reported (11/1/23) monetary outcomes for the fourth quarter of fiscal 2023. The corporate grew its manufacturing 7% over the prior 12 months’s quarter because of the event of core acreage positions in Appalachia. Nevertheless, the typical realized worth of pure fuel fell -18%, from $2.84 to $2.33.
In consequence, adjusted earnings-per-share declined -34%, from $1.19 to $0.78, and missed the analysts’ consensus by $0.07. The corporate has crushed the analysts’ estimates in 15 of the final 18 quarters.
Click on right here to obtain our most up-to-date Positive Evaluation report on NFG (preview of web page 1 of three proven beneath):
Excessive Yield Dividend King #18: Johnson & Johnson (JNJ)
Johnson & Johnson was based in 1886 and has remodeled into one of many largest corporations on the planet. Johnson & Johnson is a mega-cap inventory. The corporate generates annual gross sales above $99 billion.
Johnson & Johnson operates a diversified enterprise mannequin, permitting it to enchantment to all kinds of shoppers inside the healthcare sector. J&J now operates two segments, prescribed drugs and medical gadgets, after spinning off its client well being franchises.
Johnson & Johnson reported third-quarter 2024 gross sales progress of 5.2%, reaching $22.5 billion, with operational progress of 6.3%.
Supply: Investor Presentation
Nevertheless, earnings per share (EPS) decreased by 34.3%, largely resulting from a one-time particular cost and bought in-process analysis and improvement (IPR&D).
Adjusted EPS fell 9.0% to $2.42, pushed by the identical IPR&D affect. The corporate made important developments, together with approvals for remedies like TREMFYA and RYBREVANT, and the submission of a brand new normal surgical procedure robotic system, OTTAVA.
Click on right here to obtain our most up-to-date Positive Evaluation report on JNJ (preview of web page 1 of three proven beneath):
Excessive Yield Dividend King #17: PepsiCo Inc. (PEP)
PepsiCo is a world meals and beverage firm that generates $89 billion in annual gross sales. The corporate’s merchandise embody Pepsi, Mountain Dew, Frito-Lay chips, Gatorade, Tropicana orange juice and Quaker meals.
Its enterprise is break up roughly 60-40 by way of 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 12 months and was $0.02 forward of expectations. Foreign money alternate diminished 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):
Excessive Yield Dividend King #16: Consolidated Edison (ED)
Consolidated Edison is a large-cap utility inventory. The corporate generates almost $15 billion in annual income and has a market capitalization of roughly $36 billion.
The corporate serves 3.7 million electrical clients, and one other 1.1 million fuel clients, in New York.
Supply: Investor Presentation
It operates electrical, fuel, and steam transmission companies, with a steam system that’s the largest within the U.S.
On November seventh, 2024, Consolidated Edison reported third quarter outcomes. For the quarter, income improved 5.7% to $4.1 billion, which topped estimates by $26 million.
Adjusted earnings of $583 million, or $1.68 per share, in comparison with adjusted earnings of $561 million, or $1.62 per share, within the earlier 12 months. Adjusted earnings-per-share have been $0.10 greater than anticipated.
As with prior durations, increased fee bases for fuel and electrical clients have been the first contributors to ends in the CECONY enterprise, which accounts for the overwhelming majority of the corporate’s property.
Common fee base balances are nonetheless anticipated to develop by 6.4% yearly for the 2024 to 2028 interval.
Click on right here to obtain our most up-to-date Positive Evaluation report on Consolidated Edison (preview of web page 1 of three proven beneath):
Excessive Yield Dividend King #15: Goal Company (TGT)
Goal was based in 1902 and now operates about 1,850 huge field shops, which provide normal merchandise and meals, in addition to serving as distribution factors for the corporate’s e-commerce enterprise.
Goal posted second quarter earnings on August twenty first, 2024, and outcomes have been fairly robust, sending the inventory leaping after the report. Adjusted earnings-per-share got here to $2.57, which was 39 cents forward of estimates. Income was up 2.7% year-over-year to $25.45 billion, which beat by $240 million.
Comparable gross sales have been up 2% year-over-year, making up a lot of the complete gross sales acquire. Consensus was for a acquire of 1.1%. Site visitors was up 3% year-over-year with all six core merchandising classes seeing optimistic progress. Digital comparable gross sales have been up 8.7%, as soon as once more driving progress.
Goal has grown its dividend for greater than 5 a long time, making it a Dividend King. The corporate is investing closely in its enterprise with a purpose to navigate via the altering panorama within the retail sector. The payout is now 47% of earnings for this 12 months,
Click on right here to obtain our most up-to-date Positive Evaluation report on TGT (preview of web page 1 of three proven beneath):
Excessive Yield Dividend King #14: 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 almost $10 billion in annual income.
Hormel has saved with its core competency as a processor of meat merchandise for properly over 100 years, however has additionally grown into different enterprise strains via acquisitions.
Hormel has a big portfolio of category-leading manufacturers. Only a few of its high manufacturers embody embody Skippy, SPAM, Applegate, Justin’s, and greater than 30 others.
It has additionally pursued acquisitions to drive progress. For instance, in 2021, Hormel acquired the Planters snack nuts enterprise from Kraft-Heinz (KHC) for $3.35 billion, which has boosted Hormel’s progress.
Supply: Investor Presentation
Hormel Meals Company reported robust Q3 fiscal 2024 outcomes, with web gross sales of $2.9 billion and adjusted working revenue of $267 million, exceeding expectations.
Key drivers included robust performances in retail manufacturers and worldwide markets, supported by ongoing enhancements from the corporate’s modernization initiatives.
The corporate posted diluted earnings per share of $0.32 ($0.37 adjusted) and a money stream from operations of $218 million.
Click on right here to obtain our most up-to-date Positive Evaluation report on Hormel (preview of web page 1 of three proven beneath):
Excessive Yield Dividend King #13: Kimberly-Clark (KMB)
Kimberly-Clark is a world client merchandise firm that operates in 175 nations and sells disposable client items, together with paper towels, diapers, and tissues.
It operates segments that every home many in style manufacturers: the Private Care Section (Huggies, Pull-Ups, Kotex, Rely, Poise), the Shopper Tissue phase (Kleenex, Scott, Cottonelle, and Viva), and an expert phase. In all, KMB generates ~$21 billion in annual income.
Supply: Investor Presentation
Kimberly-Clark posted third quarter earnings on October twenty second, 2024, and outcomes have been combined. The corporate noticed the highest line fall 4% year-on-year to $5 billion, and that missed estimates by $50 million. Adjusted earnings-per-share fared higher, beating expectations by 12 cents at $1.83.
The corporate famous increased costs for private care merchandise. Whereas that boosted revenue margins on these merchandise, it additionally drove customers to lower-priced options, which is why gross sales fell.
Administration famous pricing will increase have been required in hyper-inflationary economies comparable to Argentina to assist offset enter and working prices. Adjusted revenue margins rose 90 foundation factors to 36.7%.
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 beneath):
Excessive Yield Dividend King #12: Kenvue Inc. (KVUE)
Kenvue has three segments, together with Self Care, Pores and skin Well being and Magnificence, and Important Well being. Self Care’s product portfolio contains cough, chilly, allergy, smoking cessation, and ache care merchandise amongst others. Pores and skin Well being and Magnificence holds merchandise comparable to face, physique, hair, and solar care. Important Well being accommodates merchandise for girls’s well being, wound care, oral care, and child care.
Properly-known manufacturers in Kenvue’s product line up embody Tylenol, Listerine, Band-Support, Neutrogena, Nicorette, and Zyrtec. These companies contributed roughly 17% of Johnson & Johnson’s annual income.
On November seventh, 2024, Kenvue reported third quarter earnings outcomes for the interval ending September thirtieth, 2024. Income decreased 0.5% to $3.9 billion, which was $20 million lower than anticipated.
Adjusted earnings-per-share of $0.28 in contrast unfavorably to $0.31 final 12 months, however this was $0.01 above estimates.
Natural gross sales have been up 0.9% for the quarter, which follows a 3.6% enchancment final 12 months. For the quarter, pricing and blend profit of two.5% was offset by a 1.6% decline in quantity.
As soon as once more, quantity progress in Important Well being was offset by weak point in Pores and skin Well being and Magnificence and Self Care. Gross revenue margin expanded 100 foundation factors to 58.5%.
Click on right here to obtain our most up-to-date Positive Evaluation report on KVUE (preview of web page 1 of three proven beneath):
Excessive Yield Dividend King #11: United Bankshares (UBSI)
United Bankshares was shaped in 1982 and since that point, has acquired greater than 30 separate banking establishments. This give attention to acquisitions, along with natural progress, has allowed United to broaden within the Mid-Atlantic with a $3.7 billion market capitalization, about $30 billion in complete property, and annual income of about $1 billion.
United posted third quarter earnings on October twenty fourth, 2024. Earnings-per-share got here to 70 cents, whereas income beat estimates by $2.3 million at $262.2 million.
Web curiosity revenue was $230 million, up about 2% from Q2. The rise was resulting from increased common short-term investments, increased yields on loans, and partially being offset by increased deposit prices.
The yield on common web loans rose six foundation factors to six.20%, whereas common interest-bearing deposits rose 10 foundation factors to three.28%. Web curiosity margin got here to three.50%, up two foundation factors from Q2.
Provisions for credit score losses have been $6.9 million, up from $5.8 million in Q2. Noninterest revenue was $31.9 million, up 6% from Q2, which was pushed by increased mortgage banking revenue.
Click on right here to obtain our most up-to-date Positive Evaluation report on UBSI (preview of web page 1 of three proven beneath):
Excessive Yield Dividend King #10: AbbVie Inc. (ABBV)
AbbVie is a pharmaceutical firm spun off by Abbott Laboratories (ABT) in 2013. Its most essential product is Humira, now going through biosimilar competitors in Europe and the U.S., which has had a noticeable affect on the corporate.
Even so, AbbVie stays a large within the healthcare sector, with a big and diversified product portfolio.
Supply: Investor Presentation
AbbVie reported its third quarter earnings outcomes on October 30. The corporate was capable of generate revenues of $14.5 billion through the quarter, which was 4% greater than AbbVie’s revenues through the earlier 12 months’s quarter.
Revenues have been positively impacted by compelling progress from a few of its newer medication, together with Skyrizi and Rinvoq, whereas Humira gross sales declined by 37% resulting from rising competitors from biosimilars and market share losses.
AbbVie earned $3.00 per share through the third quarter, which was 2% greater than the corporate’s earnings-per-share through the earlier 12 months’s quarter. AbbVie’s earnings-per-share beat the consensus analyst estimate by $0.08.
AbbVie’s steerage for 2024’s adjusted earnings-per-share was up to date through the earnings name; the corporate expects to earn $10.90 – $10.94 on a per-share foundation this 12 months.
Click on right here to obtain our most up-to-date Positive Evaluation report on AbbVie (preview of web page 1 of three proven beneath):
Excessive Yield Dividend King #9: Archer Daniels Midland (ADM)
Archer-Daniels-Midland is the biggest publicly traded farmland product firm in the USA. Archer-Daniels-Midland’s companies embody processing cereal grains, oilseeds, and agricultural storage and transportation.
Archer-Daniels-Midland reported its third-quarter outcomes for Fiscal Yr (FY) 2024 on November 18th, 2024. The corporate reported adjusted web earnings of $530 million and adjusted EPS of $1.09, each down from the prior 12 months resulting from a $461 million non-cash cost associated to its Wilmar fairness funding.
Consolidated money flows year-to-date reached $2.34 billion, reflecting robust operations regardless of market challenges.
Click on right here to obtain our most up-to-date Positive Evaluation report on ADM (preview of web page 1 of three proven beneath):
Excessive Yield Dividend King #8: Stanley Black & Decker (SWK)
Stanley Black & Decker is a world chief in energy instruments, hand instruments, and associated gadgets. The corporate holds the highest world place in instruments and storage gross sales. Stanley Black & Decker is second on the planet within the areas of economic digital safety and engineered fastening.
Stanley Works and Black & Decker merged in 2010 to kind the present firm, thought the corporate can hint its historical past again to 1843. Black & Decker was based in Baltimore, MD in 1910 and manufactured the world’s first moveable energy software.
The corporate consists of three segments: instruments & out of doors, and industrial.
Supply: Investor Presentation
On October twenty ninth, 2024, Stanley Black & Decker reported third quarter outcomes. For the quarter, income declined 5.1% to $3.75 billion, which was $50 million beneath estimates. Adjusted earnings-per-share of $1.22 in contrast favorably to $1.05 within the prior 12 months and was $0.17 higher than anticipated.
Firm-wide natural progress decreased 2% following a slight enchancment in Q2 2024. Natural gross sales for Instruments & Outside, the biggest phase inside the firm, was down 2% as positive factors in Europe and the Remainder of the World have been offset by weaker North American outcomes.
Click on right here to obtain our most up-to-date Positive Evaluation report on SWK (preview of web page 1 of three proven beneath):
Excessive Yield Dividend King #7: 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 hire out actual property properties.
It makes use of a good portion of its rental revenue, in addition to exterior financing, to amass new properties.
Supply: Investor Presentation
On October 30, 2024, Federal Realty Funding Belief introduced its monetary outcomes for the third quarter ended September 30, 2024.
The corporate reported web revenue obtainable for widespread shareholders of $0.70 per diluted share, up from $0.67 per diluted share in the identical quarter final 12 months. Working revenue additionally noticed a rise, reaching $105.8 million in comparison with $100.1 million in Q3 2023.
Funds from Operations (FFO) obtainable to widespread shareholders improved to $1.71 per diluted share, up from $1.65 per diluted share within the third quarter of 2023.
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 beneath):
Excessive Yield Dividend King #6: Fortis (FTS)
Fortis is Canada’s largest investor-owned utility enterprise with operations in Canada, the USA, and the Caribbean.
Fortis presently has 99% regulated property: 82% regulated electrical and 17% regulated fuel. Roughly 64% are within the U.S., 33% in Canada, and three% within the Caribbean.
Supply: Investor Presentation
Fortis reported Q3 2024 outcomes on 11/05/24. For the quarter, it reported adjusted web earnings of CAD$420 million, up 2.2% versus Q3 2023, whereas adjusted earnings-per-share (EPS) got here in at C$0.85, up 1.2%.
The year-to-date outcomes present a much bigger image. Throughout the interval, Fortis witnessed adjusted earnings progress of 5.0% to C$1.2 billion, whereas the adjusted EPS got here in at C$2.45, up 3.4%.
Fortis now expects capital investments to be C$5.2 billion this 12 months.
Click on right here to obtain our most up-to-date Positive Evaluation report on FTS (preview of web page 1 of three proven beneath):
Excessive Yield Dividend King #5: Black Hills Company (BKH)
Black Hills Company is an electrical utility that gives electrical energy and pure fuel to clients in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming.
The corporate has 1.33 million utility clients in eight states. Its pure fuel property embody 47,000 miles of pure fuel strains. Individually, it has ~9,000 miles of electrical strains and 1.4 gigawatts of electrical era capability.
Supply: Investor Presentation
Black Hills Company reported its second quarter earnings outcomes on July 31. The corporate generated revenues of $403 million through the quarter, down 2% year-over-year.
The decline within the firm’s revenues was considerably smaller in comparison with the earlier quarter, when Black Hills’ revenues have been down by greater than 20%.
Black Hills Company generated earnings-per-share of $0.33 through the second quarter, which was according to the consensus analyst estimate. Earnings-per-share have been down by 5% versus the earlier 12 months’s quarter.
Click on right here to obtain our most up-to-date Positive Evaluation report on BKH (preview of web page 1 of three proven beneath):
Excessive Yield Dividend King #4: Northwest Pure Holding Co. (NWN)
Northwest was based over 160 years in the past as a pure fuel utility in Portland, Oregon.
It has grown from a really small, native utility that supplied fuel service to a handful of shoppers to a really profitable regional utility with pursuits that now embody water and wastewater, which have been bought in current acquisitions.
The corporate’s places served are proven within the picture beneath.
Supply: Investor Presentation
Northwest gives fuel service to 2.5 million clients in ~140 communities in Oregon and Washington, serving greater than 795,000 connections. It additionally owns and operates ~35 billion cubic ft of underground fuel storage capability.
Northwest Pure Holding Firm reported a third-quarter 2024 web lack of $27.2 million, or $0.71 per share, in comparison with a web lack of $23.7 million, or $0.65 per share, in the identical interval in 2023. Income was $136.93 million, a 3.21% year-over-year lower, however exceeded expectations by $4.47 million.
For the primary 9 months of 2024, web revenue was $33.9 million, or $0.88 per share, down from $49.2 million, or $1.37 per share, for a similar interval in 2023.
Click on right here to obtain our most up-to-date Positive Evaluation report on NWN (preview of web page 1 of three proven beneath):
Excessive Yield Dividend King #3: 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.
The corporate has a protracted historical past of producing regular progress and constant income via the financial cycle.
Supply: Investor Presentation
On November 14th, 2024, Canadian Utilities posted its Q3 outcomes for the interval ending September thirtieth, 2024. For the quarter, revenues amounted to $599.0 million, comparatively flat year-over-year (in fixed foreign money), whereas adjusted EPS got here in at $0.28, about 19% increased year-over-year.
Flat revenues have been primarily as a result of decreased income contribution from ATCOenergy with its sale to ATCO Ltd. within the quarter, being offset by progress in fee base and a rise in return on fairness (ROE) in ATCO Power Programs.
Increased adjusted earnings in Q3 have been primarily pushed by progress in fee base and a rise in ROE inside ATCO Power Programs’ companies, increased demand and stronger seasonal spreads in pure fuel storage providers at ATCO EnPower, and elevated curiosity revenue.
Click on right here to obtain our most up-to-date Positive Evaluation report on CDUAF (preview of web page 1 of three proven beneath):
Excessive Yield Dividend King #2: Common Company (UVV)
Common Company is a market chief in supplying leaf tobacco and different plant-based inputs to client product producers.
The Tobacco Operations phase buys and sells tobacco used to make cigarettes, cigars, pipe tobacco, and smokeless merchandise.
Common buys tobacco from its suppliers, processes it, and sells it to massive tobacco corporations within the US and internationally.
Supply: Investor Presentation
The Ingredient Operations deal primarily with greens and fruits however is considerably smaller than the tobacco operations. Common has been rising this enterprise via acquisitions beginning in 2020.
Common Company reported its second quarter earnings outcomes on November 7. The corporate generated revenues of $710 million through the quarter.
Moreover, Common Company bought carryover crops through the interval, which added to the corporate’s income efficiency.
Click on right here to obtain our most up-to-date Positive Evaluation report on Common (preview of web page 1 of three proven beneath):
Excessive Yield Dividend King #1: Altria Group (MO)
Altria is a tobacco inventory that sells cigarettes, chewing tobacco, cigars, e-cigarettes, and extra underneath quite a lot of manufacturers, together with Marlboro, Skoal, and Copenhagen, amongst others.
The corporate additionally has a 35% funding stake in e-cigarette maker JUUL, and a forty five% stake within the hashish firm Cronos Group (CRON).
Altria reported stable third-quarter outcomes, pushed by the resilience of its smokeable merchandise and the continued market momentum of the on! nicotine pouch model.
Supply: Investor Presentation
The corporate’s Q3 income was $5.34 billion, a 1.3% year-over-year enhance, with adjusted earnings per share (EPS) reaching $1.38, exceeding expectations by $0.03.
Altria additionally reaffirmed its full-year EPS steerage vary of $5.07 to $5.15, indicating progress of two.5% to 4% over 2023.
Throughout the quarter, Altria repurchased 13.5 million shares, spending $680 million, and declared dividends of $1.7 billion. The corporate has $310 million remaining underneath its repurchase program, anticipated to finish by year-end.
Click on right here to obtain our most up-to-date Positive Evaluation report on Altria (preview of web page 1 of three proven beneath):
Remaining Ideas
Excessive yield dividend shares have apparent enchantment to revenue buyers. The S&P 500 Index yields simply ~1.3% proper now on common, making excessive yield shares much more enticing by comparability.
After all, buyers ought to all the time do their analysis earlier than shopping for particular person shares.
That stated, the 20 shares on this record have yields at the very least double the S&P 500 Index common. And, every of those shares has elevated their dividends for 50 consecutive years.
They’re all a part of the unique Dividend Kings record. In consequence, revenue buyers might discover these 20 dividend shares enticing.
Additional Studying
If you’re inquisitive about discovering high-quality dividend progress shares and/or different high-yield securities and revenue securities, the next Positive Dividend assets can be helpful:
Excessive-Yield Particular person Safety Analysis
Different Positive Dividend Sources
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