John D. Rockefeller once said, "Do you know the only thing that gives me pleasure? It's to see my dividends coming in." Rockefeller's excitement over his dividends is justified, as they are a powerful tool for long-term wealth compounding.
What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.
Although a possible economic downturn could pose a threat to the continuity of these dividend streaks, it is uncommon for companies included in this list to lose their status. The pressure on companies that have consistently raised dividends for over 50 years is immense, as they strive to maintain their track record.
$American States Water (AWR.US)$has raised its dividend for 68 consecutive years, earning it the longest dividend growth streak in the stock market.The company grow its earnings per share at an 8.6% average annual rate over the last decade, which is one of the highest growth rates in the utility sector.
With over 118,000 existing patents and approximately 4,000 new patents each year,$3M (MMM.US)$'s innovation and product portfolio have enabled the company to increase its dividend annually.
$Coca-Cola (KO.US)$'s powerful brand and global reach distribution network have contributed to its market dominance.These competitive advantages have generated high profitability, leading to 60 consecutive years of increased dividends.
Here are the top 10 Dividend Kings.
Source: Sure Dividend, The Motley Fool
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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lightfoot
:
I must be stupid but why do they reduce the price by the dividend after x day. That kills the incentive to buy in the first. place. So I take the appreciation and not the dividends.
73713343 : Microsoft $Microsoft (MSFT.US)$ is yet another dividend king along with massive potential growth story in stock
SharonH6 : There are only 4 of these that I own KO, WMT, PEP & 3M. Sold P&G and JNJ.
23KC40 : Does a great dividend excuse the terrible treatment of their work force ?
73757141 : so please indulge me with ur definition of terrible!?
73757141 : no one should judge another .
lightfoot : I must be stupid but why do they reduce the price by the dividend after x day. That kills the incentive to buy in the first. place. So I take the appreciation and not the dividends.
ScottEBro 23KC40 :
n & y ![moneybag 💰](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f4b0.png)
71451774 23KC40 : how terrible? it's a business not a charity
71366576 : They are in the business of maximizing their shareholders benefits. It is called Capitalism!
73563340 : It is free and law protected country, unlike dictatorship country without rules. The worker have right to walkout choose another company.
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