Revealed on February thirteenth, 2025 by Bob CiuraSpreadsheet information up to date each 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 an inventory that features each Dividend King.
You may see the total downloadable spreadsheet of all 54 Dividend Kings (together with vital monetary metrics similar to dividend yields, payout ratios, and price-to-earnings ratios) by clicking on the hyperlink beneath:
The Dividend Kings listing consists of a number of mega-cap shares which have monumental companies, similar to Walmart Inc. (WMT) and Coca-Cola (KO).
And, there are numerous high quality dividend shares that haven’t but reached the 50-year threshold. Nevertheless, their sturdy enterprise fashions and sturdy aggressive benefits make it extraordinarily probably they are going to develop into Dividend Kings.
The next 9 shares have at the very least 45 years of dividend will increase, that means it’s only a matter of time till they attain the Dividend Kings listing.
Desk of Contents
Dividend Kings Overview
The necessities to be a Dividend King are comparatively easy: 50 consecutive years of dividend will increase. Not like 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 identical time, the Dividend Kings listing is underweight the know-how sector.
The next part lists 9 dividend shares that ought to attain the Dividend Kings listing 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 worldwide asset supervisor with an extended and profitable historical past.
The corporate presents funding administration (which makes up the majority of charges the corporate collects) and associated providers 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.
Whole belongings underneath 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 revenue equaled $315 million or $0.59 per share, a 30% decline from $0.84 in Q3 2023.
Throughout This autumn, 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 beneath):
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 services) to 120 international locations underneath the Sherwin-Williams title.
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 12 months’s quarter, primarily attributable to poor demand in Client Manufacturers Group.
Nevertheless, 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 difficulty considerably cautious steering, we’ve saved 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 beneath):
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.
Growing older worldwide demographics ought to present a tailwind to the corporate’s enterprise as elevated entry to healthcare services turns into extra essential.
There are almost 70 million Child Boomers within the U.S. alone that can want rising 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 12 months’s quarter because of 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 beneath):
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 wide selection of classes from charcoal to cleansing provides to salad dressing.
Greater than 80% of its income comes from merchandise which might be #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 have 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 at the very least 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 value financial savings and the advantages from the divestitures of the VMS and Argentina companies.
The corporate expects gross sales for this fiscal 12 months (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 adverse impression from the Argentina enterprise divestiture, and an additional 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 beneath):
Dividend King In The Making: Sonoco Merchandise (SON)
Years Of Dividend Will increase: 48
Sonoco Merchandise supplies packaging, industrial merchandise and provide chain providers to its clients. The markets that use the corporate’s merchandise embody these within the home equipment, electronics, beverage, building and meals industries.
The corporate generates almost $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 beneath estimates. Adjusted earnings-per share of $1.49 in contrast favorably to $1.46 within the prior 12 months and was $0.03 higher than anticipated.
As with the prior quarter, outcomes impacted by a divestiture and a closure of a number of vegetation. Costs have been decrease, however quantity was up. For the quarter, Client Packaging revenues of $984 million was largely unchanged from the prior 12 months.
Quantity for steel aerosol cans and versatile packaging have 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 increased 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 beneath):
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 wide selection of area of interest markets.
The segments by which the corporate produces and sells merchandise embody building 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 in the course of the interval.
Carlisle Corporations generated earnings-per-share of $5.78 in the course of 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 have been a optimistic issue, and share repurchases additionally had a optimistic impression on the corporate’s earnings-per-share development price in the course of 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 beneath):
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 many years in a row, when adjusted for spin-offs. Pentair is among the prime water shares.
Pentair reported its third quarter earnings outcomes on October 22. The corporate was in a position to generate revenues of $990 million in the course of the quarter, down 2% year-over-year.
Supply: Investor Presentation
Core gross sales, which exclude the impression of forex price actions, acquisitions, and dispossessions, have been down 1% 12 months over 12 months.
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 beneath):
Dividend King In The Making: MGE Vitality (MGEE)
Years Of Dividend Will increase: 49
MGE Vitality has grown from a small energy station in Wisconsin in-built 1902 to an built-in vitality firm. The corporate has paid consecutive dividends for greater than 100 years.
MGE principally operates fuel and electrical utilities, along with transmission and building companies.
MGE Vitality, Inc. (MGEE) reported stable Q3 outcomes because it continues to put money into rising its pure fuel and electrical energy technology companies whereas transitioning away from coal-powered energy technology in the direction of renewable energy technology.
It grew its diluted earnings per share from $1.05 to $1.13 year-over-year for the quarter because of improved earnings from each its electrical and fuel utilities together with slight development in its non-regulated vitality 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 12 months.
The efficiency in its electrical utility has been flat and its fuel utility earnings have declined year-over-year, however its non-regulated vitality 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 fuel 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 beneath):
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 models: 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. Internet earned premiums rose by 15% year-over-year.
Realized good points have been increased than in the course of the earlier 12 months’s interval, which had a optimistic impression on the corporate’s reported revenues, however internet unrealized good points have been decrease in comparison with the earlier 12 months’s quarter, offset a number of the income tailwinds.
Larger internet funding revenue, which was up 19% 12 months over 12 months, 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 Positive Evaluation report on RLI (preview of web page 1 of three proven beneath):
Extra Studying
Screening to search out the perfect Dividend Kings shouldn’t be the one solution to discover high-quality dividend development inventory concepts.
Positive Dividend maintains comparable databases on the next helpful universes of shares:
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