Dividend King Stock List – Oct. 2020

dividend king list

After more than 20 years of investing, one of my favorite stocks are the dividend kings. They rise above a majority of dividend stocks that in the history of paying dividends.

A dividend is a payment or distribution from a company’s earnings. Typically it is associated with a class of shares. The rate and schedule are determined by the company’s board of directors. Shareholders are usually eligible for dividends as long as they own the stock.

Companies that pay dividends are typically more mature companies that are paying out a dividend as a source of earnings. Growth companies don’t usually pay out dividends because they try to invest all their earnings and increase the share price. Amazon is a great example of a growth company that does not pay a dividend.

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So what are the dividend kings stocks?  The short answer is that the dividend kings are a list of S&P 500 companies that have increased their dividends for 50 plus years. Yes, I said 50 years.

Currently, there are 31 companies on the Dividend King List. These companies not only survived all the stock market booms and crashes, but found a way to be profitable and pay a dividend.

Does this mean they will always pay a dividend? No, it doesn’t.  Advisors and investors should not just buy all the stocks in the dividend king list. They need to research each one to make sure it.

ABS REPORT

Dividend King Stock List – Oct. 2020

Company NameTickerIndustryNo. YearsDividend Yield (%)
American States WaterAWRWater Utilities661.79
Dover Corp.DOVMachinery651.79
Northwest Natural GasNWNGas Utilities654.32
Genuine Parts Co.GPCDistributors643.49
Procter & Gamble Co.PGHousehold Products642.31
Emerson ElectricEMRElectrical Equipment633.09
Parker-Hannifin Corp.PHMachinery631.69
3M CompanyMMMIndustrial Conglomerates623.68
Cincinnati FinancialCINFInsurance603.39
Johnson & JohnsonJNJPharmaceuticals582.95
Coca-Cola CompanyKOBeverages583.41
Lowe’s CompaniesLOWSpecialty Retail581.52
Colgate-Palmolive Co.CLHousehold Products572.23
Farmers & Merchants BancorpFMCBBanks572.06
Lancaster Colony Corp.LANCFood Products571.69
Nordson Corp.NDSNMachinery570.81
ABM Industries Inc.ABMCommercial Services & Supplies532.13
California Water ServiceCWTWater Utilities531.91
Federal Realty Inv. TrustFRTEquity Real Estate Investment Trusts (REITs)536.16
Hormel Foods Corp.HRLFood Products531.91
Stepan CompanySCLChemicals531.05
SJW Corp.SJWWater Utilities532.11
Stanley Black & DeckerSWKMachinery531.68
Target Corp.TGTMultiline Retail531.79
Commerce BancsharesCBSHBanks521.73
Tootsie Roll IndustriesTRFood Products521.20
H.B. Fuller CompanyFULChemicals511.44
Altria Group Inc.MOTobacco519.53
Black Hills Corp.BKHMulti-Utilities503.99
National Fuel GasNFGGas Utilities504.45
Sysco Corp.SYYFood & Staples Retailing503.25

 

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