Up to date on April twenty fifth, 2025 by Bob Ciura
It isn’t stunning that we favor shares that pay dividends, as research have proven that proudly owning revenue producing securities is a superb method to construct wealth whereas additionally defending to the draw back.
In bull markets, dividends can add to the positive factors from the inventory whereas additionally buying further shares. When costs decline, dividends can cut back the losses whereas getting used to accumulate extra shares at a now lower cost.
With this in thoughts, we created a full listing of the Dividend Kings, a gaggle of shares with over 50 consecutive years of dividend will increase.
You’ll be able to see the complete downloadable spreadsheet of all 55 Dividend Kings (together with necessary monetary metrics akin to dividend yields, payout ratios, and price-to-earnings ratios) by clicking on the hyperlink beneath:
The Dividend Kings have rewarded shareholders with rising revenue for many years.
The next 10 shares symbolize Dividend Kings that may proceed to lift their dividends for many years to come back.
The listing consists of 10 Dividend Kings with our highest Dividend Danger Rating of ‘A’ within the Certain Evaluation Analysis Database, that even have payout ratios beneath 70% to make sure a sustainable dividend payout.
The shares are sorted by dividend payout ratio, from lowest to highest.
Desk of Contents
Dividend King To Maintain Eternally: ABM Industries (ABM)
ABM Industries is a number one supplier of facility options, which incorporates janitorial, electrical & lighting, power options, amenities engineering, HVAC & mechanical, panorama & turf, and parking.
The corporate employs about 124,000 individuals in additional than 350 workplaces all through the US and varied worldwide areas, primarily in Canada.
Supply: Investor Presentation
ABM Industries reported its first quarter earnings outcomes on March 12. The corporate introduced that its revenues totaled $2.1 billion in the course of the quarter, which was up 2% versus the earlier yr’s quarter and which beat estimates.
The income efficiency was weaker than in the course of the earlier quarter, by which revenues had been up 4% on a year-over-year foundation. ABM Industries was in a position to preserve its margins on the identical degree as in the course of the earlier yr’s quarter, as its EBITDA margin remained at 5.9%.
ABM Industries was in a position to generate earnings-per-share of $0.87 in the course of the first quarter, which beat the analyst consensus by $0.09. ABM Industries’ earnings-per-share have been up barely versus the earlier yr’s quarter on an adjusted foundation.
Click on right here to obtain our most up-to-date Certain Evaluation report on ABM (preview of web page 1 of three proven beneath):
Dividend King To Maintain Eternally: MSA Security Inc. (MSA)
MSA Security Integrated, previously Mine Security Home equipment, was based in 1914. In the present day, it develops and manufactures security merchandise.
Prospects come from quite a lot of industrial markets, together with oil & gasoline, hearth service, building, mining, and the army.
MSA Security’s main merchandise embody gasoline and flame detection, air respirators, head safety, fall safety, air purifying respirators, and eye safety gear.
On February twelfth, 2025, MSA launched its This autumn and full-year outcomes for the interval ending December thirty first, 2024. For the quarter, income got here in at $499.7 million, up 0.9% in comparison with This autumn-2023. Extra particularly, the Americas section’s gross sales have been up 1%, whereas the Worldwide section’s gross sales got here in flat.
MSA’s adjusted working margin rose by simply 70 foundation factors to 24.0% in comparison with final yr. Therefore, adjusted earnings got here in at $89.0 million, 9% larger from $82.0 million final yr, regardless of the a lot softer enhance in gross sales. Adjusted EPS additionally rose by 9% to $2.25. For the yr, adjusted EPS got here in at $7.70.
MSA’s administration expects low-single digit full-year natural gross sales development in 2025.
Click on right here to obtain our most up-to-date Certain Evaluation report on MSA (preview of web page 1 of three proven beneath):
Dividend King To Maintain Eternally: Parker-Hannifin Corp. (PH)
Parker-Hannifin is a diversified industrial producer specializing in movement and management applied sciences. The corporate generates annual revenues of $16 billion.
Parker-Hannifin has paid a dividend for 72 years and has elevated the dividend for 67 consecutive years.
Supply: Investor Presentation
In late January, Parker-Hannifin reported (1/30/25) outcomes for the second quarter of 2025. Natural gross sales grew 1% over the prior yr’s quarter, as 14% development in aerospace was nearly offset by declines in North American Enterprise and Worldwide Enterprise.
Adjusted earnings-per-share grew 6%, from $6.16 to $6.53, due to robust gross sales and a wider revenue margin in aerospace.
Parker-Hannifin exceeded the analysts’ consensus by $0.30. Notably, Parker-Hannifin has exceeded the analysts’ EPS estimates for 38 consecutive quarters.
Click on right here to obtain our most up-to-date Certain Evaluation report on Parker-Hannifin (preview of web page 1 of three proven beneath):
Dividend King To Maintain Eternally: H.B. Fuller Firm (FUL)
H.B. Fuller is a number one world producer of adhesives, sealants, and different specialty chemical merchandise.
It has prospects throughout greater than 30 market segments in additional than 140 international locations. The class of commercial adhesives is the core product providing.
In mid-January, H.B. Fuller reported (1/15/25) monetary outcomes for the fourth quarter of fiscal 2024. Income grew 2% and natural income was primarily flat year-over-year, as value reductions offset quantity development.
Highlights for the complete yr might be seen within the picture beneath:
Supply: Investor Presentation
It was the third quarter of income development after 5 consecutive quarters of declining gross sales amid de-stocking actions of shoppers and lackluster industrial demand.
Nonetheless, gross margin shrank from 31.3% to 29.6% and earnings-per-share fell -30%, from $1.32 to $0.92, largely resulting from excessive uncooked materials prices, and missed the analysts’ consensus by $0.01.
As a result of slowing demand in some rising markets, H.B. Fuller offered modest steerage for fiscal 2025. It expects to develop natural income by 0%-2% and publish earnings-per-share of $3.90-$4.20.
Click on right here to obtain our most up-to-date Certain Evaluation report on FUL (preview of web page 1 of three proven beneath):
Dividend King To Maintain Eternally: S&P International Inc. (SPGI)
S&P International is a worldwide supplier of monetary companies and enterprise data and income of over $13 billion.
By its varied segments, it supplies credit score scores, benchmarks and indices, analytics, and different knowledge to commodity market contributors, capital markets, and automotive markets.
S&P International has paid dividends repeatedly since 1937 and has elevated its payout for 51 consecutive years.
S&P posted fourth quarter and full-year earnings on February eleventh, 2025, and outcomes have been a lot better than anticipated on each the highest and backside traces.
Adjusted earnings-per-share got here to $3.77, which was a staggering 30 cents forward of estimates. Earnings rose from $3.13 a yr in the past.
Income was up 14% year-over-year to $3.59 billion, beating estimates by $90 million. The corporate posted income development in all of its working segments, along with robust working margin enlargement.
Working bills rose barely from $2.26 billion to $2.33 billion year-over-year. That led to working revenue of $1.68 billion, sharply larger from $1.39 billion a yr in the past.
With dividend development above 10%, SPGI is likely one of the rock stable dividend shares.
Click on right here to obtain our most up-to-date Certain Evaluation report on SPGI (preview of web page 1 of three proven beneath):
Dividend King To Maintain Eternally: Dover Corp. (DOV)
Dover Company is a diversified world industrial producer with annual revenues approaching $8 billion.
Dover consists of 5 reporting segments: Engineered Methods, Clear Power & Fueling, Pumps & Course of Options, Imaging & Identification, and Local weather & Sustainability Applied sciences.
On January thirtieth, 2025, Dover introduced fourth quarter and full yr outcomes the interval ending December thirty first, 2024. For the quarter, income grew 1% to $1.93 billion, although this was $20 million lower than anticipated.
Adjusted earnings-per-share of $2.20 in contrast unfavorably to $2.45 within the prior yr, however was $0.12 forward of estimates.
For the yr, income was larger by 1% to $7.75 billion whereas adjusted earnings-per-share of $8.29 in comparison with $8.80 in 2023.
For the quarter, natural income grew 0.3% year-over-year whereas bookings grew 7%. Engineered Merchandise had natural development of two% as positive factors in automobile aftermarket and fluid dishing out have been offset by cargo timings in aerospace and protection.
Click on right here to obtain our most up-to-date Certain Evaluation report on DOV (preview of web page 1 of three proven beneath):
Dividend King To Maintain Eternally: Tennant Co. (TNC)
Tennant Firm is a equipment firm that produces cleansing merchandise and that gives cleansing options to its prospects.
Within the US, the corporate holds the market management place in its trade, however the firm additionally sells its merchandise in additional than 100 further international locations across the globe.
Supply: Investor Presentation
Tennant Firm reported its fourth quarter earnings outcomes on February 19. Revenues of $328 million in the course of the quarter elevated 6% year-over-year.
Tennant Firm generated adjusted earnings-per-share of $1.52 in the course of the fourth quarter, which was lower than what the analyst group had forecasted, and which was down in comparison with the earlier yr.
Administration is forecasting that adjusted earnings-per-share will fall into a variety of $5.70 to $6.20 in 2025.
Click on right here to obtain our most up-to-date Certain Evaluation report on TNC (preview of web page 1 of three proven beneath):
Dividend King To Maintain Eternally: W.W. Grainger Inc. (GWW)
W.W. Grainger, headquartered in Lake Forest, IL, is likely one of the world’s largest business-to-business distributors of upkeep, restore, and operations (“MRO”) provides.
Grainger has greater than 4.5 million energetic prospects, with greater than 30 million merchandise provided globally.
On January thirty first, 2025, W.W. Grainger posted its This autumn and full-year outcomes. For the quarter, revenues have been $4.23 billion, up 5.9% on a reported foundation and up 4.7% on a day by day, fixed foreign money foundation in comparison with final yr.
Outcomes have been pushed by stable efficiency throughout the board. The Excessive-Contact Options section achieved gross sales development of 4.0% resulting from quantity development in all geographies.
Supply: Investor Presentation
Within the Countless Assortment section, gross sales have been up 15.1%. Income development for the section was pushed by core B2B prospects throughout the section in addition to enterprise buyer development at MonotaRO.
Internet revenue equaled $475 million, up 20.2% in comparison with This autumn-2023. Internet revenue was boosted by a 110 foundation level enlargement within the working margin to fifteen.0%.
Earnings-per-share got here in at $9.74, 22.8% larger year-over-year, and have been additional aided by inventory buybacks. For the yr, EPS reached a document $38.71.
Click on right here to obtain our most up-to-date Certain Evaluation report on GWW (preview of web page 1 of three proven beneath):
Dividend King To Maintain Eternally: RLI Corp. (RLI)
RLI Corp. is an insurance coverage firm that operates the next enterprise items: Casualty (healthcare & transportation insurance coverage), Property (hearth, earthquake, distinction in circumstances, marine, and so forth.) 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. Internet earned premiums rose by 15% year-over-year.
Realized positive factors have been larger than in the course of the earlier yr’s interval, which had a constructive impression on the corporate’s reported revenues, however internet unrealized positive factors have been decrease in comparison with the earlier yr’s quarter, offset a few of the income tailwinds.
Greater internet funding revenue, which was up 19% yr over yr, was a tailwind for RLI’s profitability in the course of the quarter.
RLI Company earned $0.41 per share on a non-GAAP, or adjusted, foundation in the course of the quarter.
Click on right here to obtain our most up-to-date Certain Evaluation report on RLI (preview of web page 1 of three proven beneath):
Dividend King To Maintain Eternally: Farmers & Retailers Bancorp (FMCB)
Farmers & Retailers Bancorp is a regionally owned and operated group financial institution with 32 areas in California. As a result of its small market cap and its low liquidity, it passes below the radar of most traders.
F&M Financial institution has paid uninterrupted dividends for 88 consecutive years and has raised its dividend for 59 consecutive years.
In late January, F&M Financial institution reported (1/23/25) monetary outcomes for the fourth quarter of fiscal 2024. The financial institution grew its earnings-per-share 9% over the prior yr’s quarter, from $28.55 to a brand new all-time excessive of $31.11. Loans and deposits grew 1% every.
Internet curiosity revenue dipped -3% resulting from a contraction of internet curiosity margin from 4.30% to 4.05% amid larger deposit prices. Administration stays optimistic for the foreseeable future, because the financial institution enjoys one of many widest internet curiosity margins in its sector.
We reiterate that F&M Financial institution is likely one of the most resilient banks throughout downturns, such because the pandemic, a possible recession or the monetary turmoil attributable to the collapse of Silicon Valley Financial institution, Credit score Suisse and First Republic.
Click on right here to obtain our most up-to-date Certain Evaluation report on FMCB (preview of web page 1 of three proven beneath):
Ultimate Ideas
Screening to seek out the very best Dividend Kings just isn’t the one method to discover high-quality dividend development shares to carry eternally.
Certain Dividend maintains comparable databases on the next helpful universes of shares:
There’s nothing magical about investing within the Dividend Kings. They’re merely a gaggle of high-quality companies with shareholder-friendly administration groups which have robust aggressive benefits.
Buying companies with these traits–at truthful or higher costs–and holding them eternally, will probably end in robust long-term funding efficiency.
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