Revealed on February thirteenth, 2025 by Bob CiuraSpreadsheet knowledge up to date day by day
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.
We’ve compiled a listing that features each Dividend King.
You’ll be able to see the complete downloadable spreadsheet of all 54 Dividend Kings (together with necessary monetary metrics equivalent to dividend yields, payout ratios, and price-to-earnings ratios) by clicking on the hyperlink under:
The Dividend Kings checklist consists of a number of mega-cap shares which have huge companies, equivalent to Walmart Inc. (WMT) and Coca-Cola (KO).
And, there are a lot of high quality dividend shares that haven’t but reached the 50-year threshold. Nonetheless, their sturdy enterprise fashions and sturdy aggressive benefits make it extraordinarily seemingly they’ll turn out to be Dividend Kings.
The next 9 shares have not less than 45 years of dividend will increase, that means it’s only a matter of time till they attain the Dividend Kings checklist.
Desk of Contents
Dividend Kings Overview
The necessities to be a Dividend King are comparatively easy: 50 consecutive years of dividend will increase. In contrast to the Dividend Aristocrats, there are not any different necessities.
There are presently 54 Dividend Kings.
The Dividend Kings are chubby within the Industrials, Client Staples, and Utilities sectors. On the similar time, the Dividend Kings checklist is underweight the know-how sector.
The next part lists 9 dividend shares that ought to attain the Dividend Kings checklist inside the subsequent 5 years.
Dividend King In The Making: Franklin Assets (BEN)
Years Of Dividend Will increase: 45
Franklin Assets, based in 1947 and headquartered in San Mateo, CA, is a world asset supervisor with an extended and profitable historical past.
The corporate provides funding administration (which makes up the majority of charges the corporate collects) and associated companies to its clients, together with gross sales, distribution, and shareholder servicing.
On November 4th, 2024, Franklin Assets reported fourth quarter 2024 outcomes for the interval ending September thirtieth, 2024.
Complete belongings beneath administration equaled $1.679 trillion, up $32 billion sequentially, because of $63.5 billion of internet market change, distributions, and different, partly offset by 31.3 billion of long-term internet outflows and $0.2 billion of money administration internet outflows.
For the quarter, working income totaled $2.211 billion, up 11% year-over-year. On an adjusted foundation, internet earnings equaled $315 million or $0.59 per share, a 30% decline from $0.84 in Q3 2023.
Throughout This fall, Franklin repurchased 4.9 million shares of inventory for $102.4 million.
Click on right here to obtain our most up-to-date Positive Evaluation report on BEN (preview of web page 1 of three proven under):
Dividend King In The Making: Sherwin-Williams Co. (SHW)
Years Of Dividend Will increase: 46
Sherwin-Williams, based in 1866, is North America’s largest producer of paints and coatings.
The corporate distributes its merchandise by means of wholesalers in addition to retail shops (together with a sequence of greater than 4,900 company-operated shops and amenities) to 120 international locations beneath the Sherwin-Williams identify.
The corporate additionally manufactures Dutch Boy, Pratt & Lambert, Minwax, Thompson’s Waterseal, Krylon, Valspar (acquired in 2017), and different manufacturers.
On October twenty second, 2024, Sherwin-Williams launched monetary outcomes for the third quarter of fiscal 2024. Gross sales edged up solely 0.7% over final yr’s quarter, primarily attributable to poor demand in Client Manufacturers Group.
Nonetheless, gross margin expanded from 47.7% to 49.1% thanks to cost hikes and adjusted earnings-per-share grew 5%, from $3.20 to $3.37.
Sherwin-Williams reiterated its steering for 2024. It expects gross sales to be up a low-single digit % and earnings-per-share of $11.10-$11.40.
Because it has crushed the analysts’ estimates in 7 of the final 9 quarters and tends to concern considerably cautious steering, we now have stored our forecast intact at $11.40 (excessive finish).
Click on right here to obtain our most up-to-date Positive Evaluation report on SHW (preview of web page 1 of three proven under):
Dividend King In The Making: Medtronic plc (MDT)
Years Of Dividend Will increase: 47
Medtronic, which has operations in additional than 150 international locations, is the world’s largest producer of biomedical units and implantable applied sciences.
The corporate consists of segments, together with Cardiovascular, Medical Surgical, Neuroscience, and Diabetes.
Ageing worldwide demographics ought to present a tailwind to the corporate’s enterprise as elevated entry to healthcare services turns into extra mandatory.
There are practically 70 million Child Boomers within the U.S. alone that may want growing quantities of medical care as they age.
In mid-November, Medtronic reported (11/19/24) outcomes for the second quarter of fiscal 2025.
Supply: Investor Presentation
Natural income grew 5% over the prior yr’s quarter due to broad-based development in all of the 4 segments. Earnings-per-share grew 1%, from $1.25 to $1.26, and exceeded the analysts’ consensus by $0.01.
As Medtronic carried out barely higher than anticipated within the second quarter, it marginally raised its steering for fiscal 2025.
Click on right here to obtain our most up-to-date Positive Evaluation report on Medtronic plc (MDT) (preview of web page 1 of three proven under):
Dividend King In The Making: Clorox Firm (CLX)
Years Of Dividend Will increase: 47
Clorox is a producer and marketer of shopper {and professional} merchandise, spanning a big selection of classes from charcoal to cleansing provides to salad dressing.
Greater than 80% of its income comes from merchandise which are #1 or #2 of their classes throughout the globe, serving to Clorox produce greater than $7 billion in annual income.
Supply: Investor Presentation
Clorox posted fourth quarter and full-year earnings on February third, 2025, and outcomes had been higher than anticipated on each the highest and backside strains. Adjusted earnings-per-share got here to $1.55, which was 15 cents forward of expectations.
Income was off 15% year-over-year to $1.69 billion, however did not less than beat estimates by $60 million. Gross margin was up 30 foundation factors to 43.8% of income from the year-ago quarter. This was primarily pushed by price financial savings and the advantages from the divestitures of the VMS and Argentina companies.
The corporate expects gross sales for this fiscal yr (which has two quarters remaining) to be between -1% and +2%. Natural gross sales are anticipated to be up 4% to 7%, excluding about 2% of detrimental affect from the Argentina enterprise divestiture, and an extra 3% from the VMS divestiture.
Click on right here to obtain our most up-to-date Positive Evaluation report on CLX (preview of web page 1 of three proven under):
Dividend King In The Making: Sonoco Merchandise (SON)
Years Of Dividend Will increase: 48
Sonoco Merchandise gives packaging, industrial merchandise and provide chain companies to its clients. The markets that use the corporate’s merchandise embody these within the home equipment, electronics, beverage, development and meals industries.
The corporate generates practically $7 billion in annual gross sales. Sonoco Merchandise is now composed of two main segments, Client Packaging, and Industrial Packaging, with all different companies listed as “All Different”.
Supply: Investor Presentation
On October thirty first, 2024, Sonoco Merchandise reported third quarter outcomes for the interval ending September thirtieth, 2024. For the quarter, income decreased 1.8% to $1.68 billion, which was $40 million under estimates. Adjusted earnings-per share of $1.49 in contrast favorably to $1.46 within the prior yr and was $0.03 higher than anticipated.
As with the prior quarter, outcomes impacted by a divestiture and a closure of a number of crops. Costs had been decrease, however quantity was up. For the quarter, Client Packaging revenues of $984 million was largely unchanged from the prior yr.
Quantity for steel aerosol cans and versatile packaging had been offset by the closure of a thermoformed meals packaging plant and decrease costs. Industrial Paper Packing gross sales grew 1% to $585 million as this section benefited from greater costs.
Click on right here to obtain our most up-to-date Positive Evaluation report on Sonoco (SON) (preview of web page 1 of three proven under):
Dividend King In The Making: Carlisle Corporations Inc. (CSL)
Years Of Dividend Will increase: 48
Carlisle Corporations is a diversified firm that’s lively in a big selection of area of interest markets.
The segments by which the corporate produces and sells merchandise embody development supplies (roofing, waterproofing, and many others.), interconnecting applied sciences (wires, cables, and many others.), fluid applied sciences, and brake & friction.
Carlisle Corporations reported its third quarter earnings outcomes on October 24. The corporate reported revenues of $1.3 billion for the quarter, which was up 6% year-over-year. A weaker housing market was a little bit of a headwind through the interval.
Carlisle Corporations generated earnings-per-share of $5.78 through the third quarter, lacking the consensus analyst estimate barely, by $0.04. Earnings-per-share rose 24% year-over-year, as margin enhancements and better revenues made income rise considerably.
Price-saving measures had been a optimistic issue, and share repurchases additionally had a optimistic affect on the corporate’s earnings-per-share development price through the interval.
Click on right here to obtain our most up-to-date Positive Evaluation report on CSL (preview of web page 1 of three proven under):
Dividend King In The Making: Pentair plc (PNR)
Years Of Dividend Will increase: 48
Pentair is a water options firm that operates in 3 segments: Aquatic Programs, Filtration Options, and Move Applied sciences. It was based in 1966.
The corporate has elevated its dividend for greater than 4 a long time in a row, when adjusted for spin-offs. Pentair is without doubt one of the prime water shares.
Pentair reported its third quarter earnings outcomes on October 22. The corporate was capable of generate revenues of $990 million through the quarter, down 2% year-over-year.
Supply: Investor Presentation
Core gross sales, which exclude the affect of forex price actions, acquisitions, and dispossessions, had been down 1% yr over yr.
Pentair recorded earnings-per-share of $1.09 for the third quarter, which was up 16% year-over-year. Pentair’s earnings-per-share beat the analyst consensus by $0.02.
Click on right here to obtain our most up-to-date Positive Evaluation report on Pentair (preview of web page 1 of three proven under):
Dividend King In The Making: MGE Power (MGEE)
Years Of Dividend Will increase: 49
MGE Power has grown from a small energy station in Wisconsin inbuilt 1902 to an built-in power firm. The corporate has paid consecutive dividends for greater than 100 years.
MGE principally operates gasoline and electrical utilities, along with transmission and development companies.
MGE Power, Inc. (MGEE) reported stable Q3 outcomes because it continues to spend money on rising its pure gasoline and electrical energy technology companies whereas transitioning away from coal-powered energy technology in direction of renewable energy technology.
It grew its diluted earnings per share from $1.05 to $1.13 year-over-year for the quarter due to improved earnings from each its electrical and gasoline utilities together with slight development in its non-regulated power and transmission companies.
Yr-to-date, the corporate has additionally grown its diluted earnings per share, albeit solely barely, from $2.70 in 2023 to $2.72 this yr.
The efficiency in its electrical utility has been flat and its gasoline utility earnings have declined year-over-year, however its non-regulated power and transmission companies have proven stable development.
The corporate’s electrical utility income combine is 53% business, 36% residential, 3% industrial, and eight% different. Its gasoline utility income combine is 58% residential, 38% business/industrial, and 4% different.
Click on right here to obtain our most up-to-date Positive Evaluation report on MGEE (preview of web page 1 of three proven under):
Dividend King In The Making: RLI Corp. (RLI)
Years Of Dividend Will increase: 49
RLI Corp. is an insurance coverage firm that operates the next enterprise items: Casualty (healthcare & transportation insurance coverage), Property (fireplace, earthquake, distinction in circumstances, marine, and many others.) 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. Web earned premiums rose by 15% year-over-year.
Realized good points had been greater than through the earlier yr’s interval, which had a optimistic affect on the corporate’s reported revenues, however internet unrealized good points had been decrease in comparison with the earlier yr’s quarter, offset a few of the income tailwinds.
Larger internet funding earnings, which was up 19% yr over yr, was a tailwind for RLI’s profitability through the quarter.
RLI Company earned $0.41 per share on a non-GAAP, or adjusted, foundation through the quarter.
Click on right here to obtain our most up-to-date Positive Evaluation report on RLI (preview of web page 1 of three proven under):
Extra Studying
Screening to seek out the most effective Dividend Kings isn’t the one technique to discover high-quality dividend development inventory concepts.
Positive Dividend maintains comparable databases on the next helpful universes of shares:
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