Dividend Kings is an investment newsletter focused on dividend growth stocks. Dividends play a significant role in determining the success of our retirement portfolio and, as with any prudent long-term investor, we are looking for stocks that have the potential to provide reliable and growing dividends. Our goal is to identify companies who offer high quality businesses at attractive price points so investors can create safe portfolios while still achieving strong returns over time.

“Dividend Kings: The best dividend stocks for 2022” is a podcast that discusses dividend stocks. It has been around since 2016 and has been very successful at helping investors make money with dividend stocks.

'Dividend Kings': The best dividend stocks for 2022

Dividend growth investors may be familiar with the Dividend Aristocrats, a group of blue-chip stocks in the S&P 500 Index that has each raised their dividends for at least 25 consecutive years. But there is a lesser-known group of stocks with even more impressive dividend streaks. This exclusive group is known as the Dividend Kings. 

To be a dividend king, the companies must have increased their dividends for at least 50 years in a row.  And unlike the Dividend Aristocrats, Dividend Kings don’t need to be listed on the S&P 500. Dividend Kings come from a variety of different market sectors. However, the following list of companies all shares a few key qualities: durable competitive advantages, long-term growth potential, and a proven ability to outlast recessions. 

While there are 65 Dividend Aristocrats at the moment, there are only 32 Dividend Kings. In 2022, the number of people on the list is likely to rise to 37.

Tzido/ istockphoto contributed to this image.

1. The 3M Corporation (MMM)

3m

3M is a multi-billion dollar industrial firm. It produces approximately 60,000 goods that are used every day in homes, hospitals, commercial buildings, and schools all across the globe. Safety and industrial, healthcare, transportation and electronics, and consumer goods are among the company’s main sectors.

The economic slump in the United States and worldwide markets struck 3M hard in 2020, making it a challenging year for the company. However, the firm has long-term competitive advantages that have enabled it to successfully traverse numerous difficult situations in the past, and this is no exception.

For 3M, things are looking up. Revenue grew 10% over the same period last year in the first quarter of 2021. As a consequence, adjusted earnings-per-share (EPS) grew by 27%. Organic growth was 8%, with every category growing by at least a high single-digit percentage.

The dividend yield of 3M is 3.26 percent.

3M is the source of this image.

Abbott Laboratories is number two on the list (ABT)

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Abbott Laboratories was founded in 1888.  Today, they are one of the largest medical appliances & equipment manufacturers in the world.  Their products and services are comprised of four segments: Nutrition, Diagnostics, Established Pharmaceuticals, and Medical Devices. 

Abbott Laboratories employs 109,000 employees and sells its products in over 160 countries. In addition, in 2020, the corporation expects to produce $35 billion in revenue and $6.5 billion in profit.   

Abbott Laboratories announced a On December 11th, 2020, Abbott Laboratories declared a $0.45 quarterly dividend, marking a 25.0% year-over-year increase. This was the company’s 388th consecutive payment and 49th straight year of increasing its dividend.  And, we see little reason why they won’t increase this for a 50th straight year..45 quarterly dividend on December 11th, 2020, up 25.0 percent year over year. This was the company’s 388th consecutive dividend payment and 49th consecutive year of dividend increases. And we don’t understand why they wouldn’t raise it for the 50th year in a row.

The current dividend yield of Abbot Labs is 1.45%.

Abbott is the author of this image.

AbbVie Inc. is number three on the list (ABBV)

abbvie

AbbVie is a biotechnology business that specializes in the development and commercialization of pharmaceuticals in the fields of immunology, cancer, and virology. Abbott Laboratories split out the firm in 2013. 

Following the completion of its purchase of previously independent pharma business Allergan, AbbVie has become one of the major participants in the biotechnology market. 

Humira is the company’s most significant product. Humira is a multi-purpose medicine that was once the world’s best-selling drug. In Europe, Humira is currently up against biosimilar competition, which has had a significant effect on the firm. In 2023, it will lose its patent protection in the United States.

AbbVie is not now a dividend king, despite having increased its payout for 49 years in a row. There’s no reason to suppose it won’t be raised again in late 2021 or early 2022.

The current dividend yield of Abbvie is 4.81 percent.

AbbVie is the source of this image.

ABM Industries (No. 4) (ABM)

abm

ABM Industries is a leading provider of facility solutions, which includes janitorial, electrical & lighting, energy solutions, facilities engineering, HVAC & mechanical, landscape & turf, and parking.

The business has announced that it would purchase Able Services, a cleaning and engineering company, for $900 million. Moving ahead, this should be ABM’s key growth accelerator.

ABM Industries has grown its dividend for 53 years in a row, earning it the title of Dividend King. 

The current dividend yield on ABM is 1.58 percent.

ABM is the source of this image.

Altria Group, No. 5 (MO)

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With its famous Marlboro brand, Altria Group is a tobacco behemoth. However, owing to a long-term trend of declining smoking rates, the corporation has been expanding its product variety in recent years. Altria has a number of non-smoking tobacco brands. It also owns 10% of global beer giant Anheuser-Busch InBev and produces wine under the Ste. Michelle label (BUD).

More lately, Altria has set its sights on two more product areas for expansion: vaping and cannabis. Altria also holds a 35 percent investment in Juul, an e-cigarette company, and a 45 percent stake in Cronos Group, a cannabis company (CRON).

Marlboro HeatSticks and IQOS are two of the company’s heated and vapor products currently under development. Both of which are progressively expanding throughout the United States.

Meanwhile, Altria’s heritage tobacco goods are cash cows, enabling the corporation to pay out a 7.96 percent annual return. In terms of yearly adjusted earnings-per-share, the corporation aims for an 80 percent dividend payment ratio.

19 Blue Chip Stocks with Incredibly Reliable Dividends is a related article.

Altria Group is the source of this image.

6. Water in the United States of America (AWR)

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American States Water is a water utility that operates under two divisions: Utilities (mainly water, but also electricity) and Services (wastewater services on several US military bases). The company’s services division is spread over various states in the United States.   

The water business is likely the most recession-proof in the whole economy. Indeed, water is a vital requirement of existence, and this simple fact ensures consistent demand from year to year for the firm. As a result, even in the greatest economic downturn, everyone would need water.

The company’s capacity to pass on periodic rate increases, as well as the predictability of demand, has allowed for a lengthy history of dividend increases to shareholders. For instance, it has grown dividends for 66 years in a row.

On August 2nd, 2021, American States Water released their second-quarter financial reports. The fully diluted earnings-per-share grew from American States Water reported its second-quarter earnings results on August 2nd, 2021. Fully diluted earnings-per-share increased from $0.69 in Q2 2020 to $0.72 in Q2 2021. Further, while revenue for the second quarter grew by 5.9% to $128.41 million year-over-year..69 in the second quarter of 2020 to American States Water reported its second-quarter earnings results on August 2nd, 2021. Fully diluted earnings-per-share increased from $0.69 in Q2 2020 to $0.72 in Q2 2021. Further, while revenue for the second quarter grew by 5.9% to $128.41 million year-over-year..72 in the second quarter of 2021. Furthermore, sales increased 5.9% year over year to $128.41 million in the second quarter. 

The business’s current strategy is to attain a long-term compound annual dividend growth rate of more than 7%, and the company just announced a 9 percent quarterly dividend increase for the September 1 dividend payment.  

Water Current Dividend Yield in the United States: 1.55 percent

American States Water is the source of this image.

7. Becton, Dickinson & Company (BDX)

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Becton, Dickinson & Co., or BD, is a global leader in the medical supply industry. The company was founded in 1897 and has 72,000 employees across 190 countries. The company generates about $20 billion in annual revenue, with approximately 43% of revenues coming from outside of the U.S. BD is composed of three segments. 

The Medical Division sells needles for medication delivery devices as well as surgical blades. The Life Sciences branch manufactures equipment for collecting and transporting diagnostic specimens. Several of the products developed by what used to be Bard are included in the Intervention category.

BDX is anticipated to become a dividend king in 2022, with a current dividend yield of 1.43 percent and 49 years of straight dividend increase.  

Image Credit: Becton, Dickinson & Company.

Black Hills Corporation (No. 8) (BKH)

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In Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming, Black Hills is an integrated and regulated electric and gas provider. In addition, it serves around 1.3 million utility users. Generation, transmission, and distribution are among its assets. 

Because of the regulated industry, Black Hills management expects long-term earnings per share growth of 5% to 7% annually, along with at least 5% annual dividend growth. The company is also in a strong financial position, with a BBB+ credit rating from Standard & Poor’s. Indeed, it has helped Black Hills reach 50 years of annual dividend increases, while the stock has an attractive 3.3% dividend yield.

On August 3, Black Hills Corporation released its second-quarter earnings report. During the quarter, the firm made $370 million in sales, up 14% over the previous year’s quarter.

With a current yield of 3.6 percent, Black Hills is one of the highest-yielding Dividend Kings on the market.

Black Hills Corp. is the source of this image.

California Water Service, No. 9 (CWT)

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California Water Service is the country’s third-largest publicly-owned water provider. Water is provided by the company’s six companies to around two million people, mostly in California, with some additional operations in Washington, New Mexico, and Hawaii. 

On July 29, California Water Service released its second-quarter earnings report. California Water Service reported sales of $213 million for the quarter, up 21% over the prior year. 

California Water Service greatly outperformed the expert consensus. Revenues increased as a result of rate hikes that were negotiated over the previous year.

Current Dividend Yield of California Water Service: 1.44 percent

California Water Service is the source of this image.

ten. Cincinnati Financial Services (CINF)

cincinnati-corp

Cincinnati Financial was established in 1950 as an insurance firm. It provides insurance for businesses, homes, automobiles, and financial goods such as life insurance, annuities, and property and casualty insurance. 

Cincinnati Financial produces money in two ways as an insurance firm. It makes money by collecting premiums on policies purchased and investing its float, or the big quantity of money that represents the difference in temporal value between premium revenue and insurance claims. 

Earned premiums increased 10% year over year in the most recent quarter. Total revenue was up 30% in the first nine months of 2019 compared to the same period in 2020. Since year-end, the company’s book value has climbed 6.45 percent to $73.49 per share.

The current dividend yield of Cincinnati Financial is 2%.

Cincinnati Financial is the source of this image.

The Coca-Cola Company is number eleven (KO)

coca-cola

Coca-Cola is the world’s biggest non-alcoholic beverage manufacturer. However, in established economies such as the United States, decreased soda consumption offers a hurdle.

Coca-Cola has responded by investing extensively in juice and tea. Costa’s almost $5 billion acquisition gives them rapid access to the coffee market. Coca-Cola reported at the time of the purchase that the global coffee market was increasing at 6% per year.

Coca-higher-growth Cola’s segments bode well for the company’s long-term prospects. As a consequence, management predicts long-term organic sales growth of 4% to 6% each year, resulting in earnings-per-share growth of 7% to 9% per year.

And this is more than enough growth for Coca-Cola to keep growing its dividend year after year, as it has for the last 59 years.

Coca-Cola now pays a 2.96 percent dividend yield.

The Coca-Cola Company provided this image.

Colgate-Palmolive (Colgate-Palmolive) (Colgate-Palmol (CL)

colgate

Colgate-Palmolive is a consumer staples firm known for its well-known brands such as Colgate, Palmolive, Tom’s of Maine, Ajax, and Hill’s.

The firm has a distinct edge in that it has a high degree of exposure to developing markets. Indeed, they are developing countries with stronger rates of economic development than more established economies. Emerging areas, including as Latin America and Asia-Pacific, accounted for 44% of Colgate-sales Palmolive’s in 2020.

As a consequence, Colgate-Palmolive might outperform the usual Dividend King in terms of long-term growth. Meanwhile, the corporation continues to pay out consistent dividends to its stockholders. Since 1895, Colgate-Palmolive has paid dividends on its common shares without interruption. While the current dividend yield on CL shares is 2.31 percent, Colgate-Palmolive has grown its dividend for 58 years in a row.

For further information, see How To Invest In Dividend Stocks For Income.

Colgate-Palmolive is the source of this image.

13. Commerce Bancshares is a publicly traded company in the United States (CBSH)

commerce-bank

Commerce Bancshares is a bank holding company for Commerce Bank, which was formed in 1865. Customers may use it for standard banking services. It also has locations in Colorado, Kansas, Missouri, Illinois, and Oklahoma. Retail and corporate banking, as well as asset management, investment banking, and other services, are among the company’s products. 

Commerce On October 19, Bancshares released its third-quarter earnings report. During the quarter, the firm made $352 million in sales, up 2% over the previous year’s quarter. 

Commerce Bancshares’ loan portfolio was at $15.1 billion at the end of the quarter, while deposits reached $28.1 billion. Provisions for loan losses at Commerce Bancshares have decreased compared to prior quarters.

Current Dividend Yield for Commerce Bancshares: 1.42 percent

Commerce Bancshares is the source of this image.

Dover Corporation is number 14 on the list (DOV)

dover-chemical

Dover Corporation is a diversified global industrial manufacturer with annual revenues of approximately $7 billion. The company comprises five reporting segments: Engineered Systems, Fueling Solutions, Pumps & Process Solutions, Imaging & Identification, and Refrigeration & Food Equipment.

The United States accounts for more than half of the income, with the rest coming from other markets.

Dover has grown its dividend for 66 years in a row. In the last 10 years, the stock has given investors annual returns of more than 13%. The current dividend yield on the stock is 1.17 percent.

Dover Corporation is the source of this image.

Emerson Electric, No. 15 (EMR)

emerson

Emerson Electric has increased its dividend for 64 years in a row.

It is a global leader with a presence in more than 150 countries and operates in two segments: Automation Solutions and Commercial & Residential Solutions.

Automation Solutions, which accounts for 63 percent of total sales, provides industrial equipment and software to the oil and gas sector, refineries, power generation, and other industries.

Emerson Electric has increased its dividend for 64 years in a row.

It is a global leader with a presence in more than 150 countries and operates in two segments: Automation Solutions and Commercial & Residential Solutions.

Automation Solutions, which accounts for 63 percent of total sales, provides industrial equipment and software to the oil and gas sector, refineries, power generation, and other industries.

Emerson Electric is the source of this image.

16. Farmers & Merchants Bancorp (FMAO)

farmers-bank

Founded in 1916, Farmers & Merchants Bancorp is a locally owned and operated community bank with 32 locations in California. It is a small-cap stock with a market cap below $1 billion. 

Nevertheless, F&M Bank has paid uninterrupted dividends for 86 consecutive years and has raised its dividend for 56 consecutive years. 

The firm is run carefully, and it had not made an acquisition since 1985 until five years ago. 

In late October, F&M Bank reported (10/26/21) financial results for the third quarter of fiscal 2021. Despite the suppressed prevailing interest rates, the bank grew its earnings-per-share 19% over last year’s quarter and offers shareholders a current dividend of 1.61%.

Image Credit: Farmers & Merchants Bancorp.

Federal Realty Investment Trust, No. 17 (FRT)

federal-reality

The sole Real Estate Investment Trust, or REIT, in the list of Dividend Kings is Federal Realty.

Its business plan as a REIT is to buy real estate and lease it to multiple retail tenants. Federal Realty focuses on high-income, heavily populated coastal cities in the United States, enabling it to command higher rents per square foot than its competitors. 

On the 21st of August, Federal Realty released its second-quarter results. FFO per share increased to $1.41 from Federal Realty reported Q2 earnings on 08/04/21. FFO per share came in at $1.41, up from $0.77 in the year-ago quarter. Total revenue came in at $231.6M, up 31.4% from $176.2M in the year-ago quarter..77 in the previous quarter. Total sales was $231.6 million, up 31.4 percent from $176.2 million in the previous quarter. 

The business paid $407 million for four properties totalling 1.76 million square feet on 125 acres of land. They also secured agreements for 558,490 square feet of similar space in the second quarter. 

The current dividend yield of Federal Realty Investment Trust is 3.23 percent.

Federal Realty Investment Trust is the source of this image.

Genuine Parts Company is number 18 on the list (GPC)

gpc-logo

Since its founding in 1928, Genuine Components Company has developed into a vast conglomerate that offers automotive and industrial parts, electrical supplies, and general business items. Furthermore, the NAPA automobile parts shops are Genuine Parts’ flagship company.

The firm has a strong track record of consistent growth. Sales and earnings have grown in 87 and 76 years, respectively, throughout the company’s 93 years.

Genuine Parts aims to pay a cash dividend of $3.26 per share in 2021, up 3% from the previous year. Furthermore, the firm will have paid increasing dividends for 65 straight years in 2021, making it one of the Dividend Kings with the longest run. The current yield on the stock is 2.39 percent.

Related: 19 Ways to Make the Most of Your Tax Refund

Genuine Parts Company is the source of this image.

H.B. Fuller, number 19 (FUL)

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H.B. Fuller is a worldwide leader in the production of adhesives, sealants, and other speciality chemicals. The company’s primary product offering is in the field of industrial adhesives. 

H.B. Fuller released financial data for the third quarter of fiscal 2021 in late September (9/22/21). Despite certain raw material and packaging constraints, organic revenue increased by 16%, with 10% coming from volume growth and 6% from price increases, owing to robust demand and market share gains. 

Organic sales increased by 13% in the third quarter of 2019 without being affected by COVID. Because of rising material prices, adjusted earnings-per-share increased just 4% year over year, from Organic revenue grew 13% over the non-COVID-impacted third quarter of 2019. Due to high material costs, adjusted earnings-per-share grew only 4% over last year’s quarter, from $0.76 to $0.79..76 to Organic revenue grew 13% over the non-COVID-impacted third quarter of 2019. Due to high material costs, adjusted earnings-per-share grew only 4% over last year’s quarter, from $0.76 to $0.79..79.

H.B. Fuller has raised its dividend for 52 years in a row, and the stock presently yields 0.9 percent.

H.B. Fuller is the author of this image.

Hormel Foods is number 20 on the list (HRL)

hormel-foods

Hormel is a big food manufacturing firm with yearly revenues of over $10 billion. Skippy, SPAM, Applegate, Justin’s, Jennie-O, and more than 30 additional brands are among the company’s main brands.

For years, these brands have resulted in consistent growth. Hormel’s diluted earnings-per-share has grown at an annual pace of 8.6 percent since 2010 and will continue to do so through 2020. Hormel has increased its dividend for 55 years in a row thanks to this sort of sustained growth. The current yield on the stock is 2.27 percent.

Hormel’s outstanding track record of success may be attributed to the strength of its brand and the defensive character of its goods. Hormel products are ranked first or second in more than 40 categories. During economic downturns, certain brands hold up remarkably well.

Read more: Are You Concerned About A Stock Market Collapse? These 15 Dividend Stocks Could Be Beneficial.

Hormel Foods is the source of this image.

21. Johnson & Johnson (JNJ)

johnson-johnson

Johnson & Johnson is the largest U.S. healthcare company, with a market cap above $400 billion and over $80 billion in annual sales. J&J has a diversified business model across pharmaceuticals, medical devices, and consumer health products. The company has 28 individual platforms or products that each generate over $1 billion in annual revenue.

Holding leadership positions across the healthcare spectrum has enabled strong growth over many years. J&J has averaged 6% operational sales growth and 8% adjusted EPS growth per year over the past 20 years. In 2020, the company generated over $20 billion of free cash flow.

Such a strong level of cash generation means the company can reward shareholders. Indeed, J&J has increased its dividend payout for 59 consecutive years, and the stock currently yields 2.59%.

Image Credit: Johnson & Johnson.

Kimberly-Clark (Kimberly-Clark) (Kimberly-Cl (KMB)

kimberly-clark

The Kimberly-Clark Corporation is a multinational consumer products corporation that provides disposable consumer goods such as paper towels, diapers, and tissues in 175 countries. 

It generates over $20 billion in yearly sales via two segments: Personal Care (Huggies, Pull-Ups, Kotex, Depend, Poise) and Consumer Tissue (Kleenex, Scott, Cottonelle, and Viva), each of which houses numerous famous brands. 

On October 25th, 2021, Kimberly-Clark released its third-quarter profits, and the results were once again disappointing. In the third quarter, total sales was $5 billion, up 7% year over year. 

Forex fluctuations boosted the company’s top line by 1%, while the net effect of the Softex Indonesia purchase, as well as exiting operations, contributed another 2%. Organic sales increased by 4% overall, with 3 percent coming from higher net selling prices and the remaining 1% coming from product mix.

The Kimberly-Clark Corporation is a multinational consumer products corporation that provides disposable consumer goods such as paper towels, diapers, and tissues in 175 countries. 

It generates over $20 billion in yearly sales via two segments: Personal Care (Huggies, Pull-Ups, Kotex, Depend, Poise) and Consumer Tissue (Kleenex, Scott, Cottonelle, and Viva), each of which houses numerous famous brands. 

On October 25th, 2021, Kimberly-Clark released its third-quarter profits, and the results were once again disappointing. In the third quarter, total sales was $5 billion, up 7% year over year. 

Forex fluctuations boosted the company’s top line by 1%, while the net effect of the Softex Indonesia purchase, as well as exiting operations, contributed another 2%. Organic sales increased by 4% overall, with 3 percent coming from higher net selling prices and the remaining 1% coming from product mix.

Kimberly-Clark provided the image.

Lancaster Colony is number 23 on the list (LANC)

lancaster-colony

After moving away from housewares in 1969, Lancaster Colony began producing food goods. The move has allowed the corporation to develop significantly over the last five decades. The corporation has an annual revenue of $1.6 billion. 

Lancaster Colony produces a variety of frozen and non-frozen meal accessories such as croutons and bread items. 

Lancaster’s fourth-quarter and full-year profits were released on August 26th, 2021, with mixed results compared to forecasts. Total net sales increased by 20% to a new high of $386 million in the fourth quarter. Excluding Omni Baking, consolidated net sales increased by 21%. Retail net sales increased by 11% to $214 million, while foodservice income increased by 33% thanks to the success of quick-service restaurants and pizza chains.

Current Dividend Yield: 1.87 percent Lancaster Colony

Lancaster Colony is the source of this image.

Lowe’s Companies (number 24) (LOW)

lowes-memorial-day

Lowe’s is a home improvement and hardware company with over 2,200 locations in the United States and Canada. And Lowe’s is now running on all cylinders. Over the last decade, it has benefitted from a number of economic tailwinds, including cheap loan rates and strong housing and construction markets.

Lowe’s increased their net sales by 25% to $89 billion in fiscal 2020. As a consequence, adjusted profits per share increased by 54%, from $5.74 to $8.86 per share.

Because of the company’s strong financial success, it is able to distribute a large amount of cash to its shareholders. During fiscal 2021, Lowe’s aims to spend $9 billion on stock repurchases. Lowe’s has also increased its dividend every year for the previous 59 years, and by 13% each year over the last five years.

Current Dividend Yield at Lowe’s: 1.36 percent

Lowe’s is the source of this image.

25. National Fuel Gas Corporation (NFG)

national-fuel

National Fuel Gas is a diversified energy company. Its largest segment is Exploration & Production, which includes over 800 million cubic feet per day of natural gas production. The company also operates midstream infrastructure such as pipelines and storage facilities. National Fuel Gas also has a downstream business with over 700,000 utility customers.

National Fuel Gas is a rare example of a steady and reliable energy source. The energy business is typically cyclical, especially when it comes to operations like as exploration and production that are dependent on the underlying commodity price. National Fuel Gas is the sole energy company on the list of Dividend Kings as a consequence. It’s also one of the highest-yielding Dividend Kings, with a current yield of 3.07 percent.

Read this article for more information: How to Start Investing Online in 2021 – A Complete Guide

National Fuel Gas is the source of this image.

Nordson, No. 26 (NDSN)

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For the last 58 years, Nordson has grown its cash dividend. While Nordson was created in 1954, the company’s origins may be traced all the way back to 1909 as the United States Automatic Company. Nordson’s yearly sales has risen to more over $2 billion since then.

Nordson engineers design and commercialize one-of-a-kind solutions for dispensing, applying, and controlling adhesives, sealants, polymers, coatings, and other fluids, as well as for testing quality and treating and curing surfaces.

Industrial Precision Solutions and Advanced Technology Solutions are the two main sectors of the organization. Adhesives, Polymer Processing Solutions, and Industrial Coatings Solutions make up the first part.

Medical, Electronic Processing Systems, Test and Inspection, and Fluid Management make up the Advanced Technology Solutions section.

The current dividend yield of Nordson is 0.78 percent.

Nordson is the author of this image.

Northwest Natural Holdings, Inc., No. 27 (NWN)

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NW Natural Holding is a utility business that was established in 1859 and presently serves a population of over 760,000 people. It provides natural gas to clients in the Pacific Northwest, and it has raised its dividend for 65 years in a row.

On August 5th, NW Natural released its second-quarter results. Revenue increased by 10.3% year over year to $148.92 million. For the first half of 2021, net income increased to $1.92 per share. Over the last year, the business has installed approximately 12,000 natural gas meters, representing a 1.6 percent increase. 

Meanwhile, the management team confirmed its profits-per-share projection for 2021, with earnings projected to be between $2.40 and $2.60 per share. The current yield on the stock is 4.1 percent.

Northwest Natural Holding is the source of this image.

Parker-Hannifin is number 28. (PH)

parker-hannifin

Parker-Hannifin is a motion and control technology company with a broad range of products. The corporation, which was formed in 1917, has a market valuation of $39 billion and yearly sales of more than $14 billion.

Parker-Hannifin has been paying a dividend for 71 years and has grown that payout for 65 years in a row.

Parker–Hannifin released financial data for the fourth quarter of fiscal 2021 in early August (8/5/21). Sales and organic sales increased by 25% and 22%, respectively, over the previous quarter.

Current Dividend Yield: 1.26 percent Parker-Hannifin

Image courtesy of.

PepsiCo is number 29 on the list (PEP)

pepsico

PepsiCo is a worldwide food and beverage corporation with annual revenues of $75 billion. Pepsi, Mountain Dew, Frito-Lay chips, Gatorade, Tropicana orange juice, and Quaker foods are among the company’s goods. 

The company’s portfolio includes 23 distinct brands, each of which produces at least $1 billion in yearly revenue. 

On October 5, 2021, PepsiCo released its third-quarter earnings. Revenue increased by 11.6 percent to $20.2 billion, above estimates by $800 million. The adjusted earnings-per-share of $1.79 was up 7.8% year over year and PepsiCo reported earnings results for the third quarter on 10/5/2021. Revenue grew 11.6% to $20.2 billion, which was $800 million above expectations. Adjusted earnings-per-share of $1.79 was a 7.8% improvement year-over-year and $0.06 ahead of estimates..06 ahead of expectations.  

Sales of organic products increased by 9%. Volumes of beverages increased by 8%, while food and snack volumes increased by 4%.

PepsiCo is anticipated to become a Dividend King in 2022 after 49 years of dividend growth. The current yield on the stock is 2.59 percent.

PepsiCo is the source of this image.

PPG Industries (No. 30) (PPG)

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PPG Industries is the biggest paint and coatings manufacturer in the world. Sherwin-Williams and Akzo Nobel, a Dutch paint business, are its only rivals of comparable scale. 

PPG Industries was started in 1883 as a glass maker and distributor (its name stands for Pittsburgh Plate Glass), and it now employs roughly 3,500 technical personnel in over 70 countries across 100 facilities. 

The corporation has a revenue of about $17 billion every year. On October 20, 2021, PPG Industries released their third-quarter results. The company’s revenue increased 18.8% to $4.37 billion, above estimates by $120 million. 

Adjusted net income of $406 million, or $1.69 per share, was down from $481 million, or $1.93 per share, the previous year.

PPG is a newcomer to the list of Dividend Kings, having increased its dividend for the last 50 years.

PPG Industries has a current dividend yield of 1.45%.

PPG Industries is the source of this image.

31. Procter & Gamble (PG)

protecer-gambler

Procter & Gamble is a consumer products giant. Notable brands include Pampers, Tide, Bounty, Charmin, Gillette, Crest, and more. Moreover, the company generated $71 billion in sales in fiscal 2020.

Such an extensive portfolio of top brands has allowed P&G to reward its shareholders for decades. P&G has paid a dividend for 131 years and has increased its dividend for 65 consecutive years.

P&G’s dividend growth rate has accelerated in recent years thanks to its renewed focus on efficiency. In addition, P&G divested multiple slow-growth brands over the past five years. Significant divestments include the sale of Duracell to Warren Buffett’s Berkshire Hathaway (BRK.B) and a collection of over 40 beauty brands to Coty (COTY).

Bigger profit margins and, as a result, higher dividend increases were achieved as a result of these initiatives. The most recent yearly raise, for example, was a 10% increase. The current yield on the stock is 2.38 percent.

Image Credit: Protcer & Gamble.

SJW Group (number 32) (SJW)

sjw-corp

SJW Group is a water utility firm based in Silicon Valley, California, that produces, acquires, stores, filters, and distributes water to households and companies in the region north of San Antonio, Texas. 

In California and Tennessee, the corporation has a modest real estate segment that owns and develops properties for residential and warehouse clients. 

The company’s yearly revenue is about $570 million. On October 9, 2019, SJW Group finalized the purchase of Connecticut Water, previously known as CTWS.  

On July 29, 2021, SJW Group released its second-quarter earnings. Revenue increased by 4.3 percent to $152.2 million, although it fell short of expectations by $12 million. The SJW Group reported earnings results for the second quarter on 7/29/2021. Revenue improved 4.3% to $152.2 million but missed estimates by $12 million. Earnings-per-share of $0.60 matched last year’s result..60 earnings-per-share result was the same as the previous year.

Current Dividend Yield of SJW Group: 1.87 percent

SJW Group is the source of this image.

33. Stanley Black & Decker (SWK)

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Stanley Black & Decker is the result of Stanley Works’ $3.5 billion acquisition of Black & Decker in 2009. Today, it ranks as one of the world’s largest industrial products manufacturers, generating over $14 billion in annual sales.

Hand tools, power tools, and associated accessories are the company’s major products. It also makes electronic security, healthcare, and engineered fastening systems, among other things.

Despite the weak global economy, Stanley Black & Decker continues to generate solid profits and steady growth. Stanley Black & Decker believes each of its business segments will produce organic growth in 2021, with total company organic growth expected in a range of 4% to 8%.

Stanley Black & Decker has a fantastic track record of dividend payments. The company has paid dividends for 144 years and has increased its dividend each year for 54 consecutive years.

The current yield on the stock is 1.72 percent.

Image Credit: Black & Decker logo.

Stepan Co., No. 34 (SCL)

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Stepan Co. was started in 1932 and initially offered just one product: a dust-controlling chemical for Illinois’ rural roads. Since then, it has expanded to produce basic and intermediate chemicals, with surfactants accounting for the majority of its sales. 

The firm earns around $2.3 billion in annual sales and has grown its dividend for 54 years in a row. 

On October 20th, 2021, Stepan released its third-quarter numbers, which were significantly above of expectations in terms of sales and adjusted profitability. The company’s total sales increased by 30% year over year to $603 million. Total net income was $37 million, or $1.59 per share, up from $33 million and $1.43 per share, respectively, the previous year.

Current Dividend Yield: 1.04 percent Stepan Co.

Stepan Co. is the source of this image.

Sysco Corporation is number 35. (SYY)

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In the United States, Sysco is the biggest wholesale food wholesaler. It currently delivers meals to over 600,000 sites, including restaurants, hospitals, schools, hotels, and other businesses.

The coronavirus epidemic, which forced the closure of restaurants, schools, and other eating establishments, has had a negative effect on Sysco. As a consequence, the company’s revenue and earnings have plummeted. Sysco’s revenues declined by 23% in the first half of this fiscal year compared to the same six-month period the previous year.

While Sysco has been heavily struck by the epidemic, it expects to profit greatly from the recovery. Investors anticipate a speedy rebound once restaurants and other eating establishments are fully operational. To be sure, this helps to explain why Sysco’s stock is approaching record highs. The current yield on the stock is 2.31 percent.

Sysco Corporation is the source of this image.

Tootsie Roll Industries is number 36 on the list (TR)

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Tootsie Roll traces its roots back to 1896 when Leo Hirschfield began selling his candy from a family recipe in his shop in Brooklyn. He then went to work for The Stern & Saalberg Company, which later became The Sweets Company of America, and eventually morphed into the enterprise we know today.

In typical years, the corporation generates roughly $500 million in sales. 

The bulk of sales are done in the United States, although it is also sold in Canada and Mexico. Tootsie Roll offers its goods to 4,000 clients, including wholesalers, discount chains, dollar shops, supermarkets, the United States military, and others.

Current Dividend Yield for Tootsie Roll Industries is 1.08 percent.

Tootsie Roll Industries is the source of this image.

Universal Corporation (number 37) (UVV)

universal-corporation

Universal Corporation is the world’s biggest supplier and importer of leaf tobacco. The firm is a wholesale tobacco buyer and processor that works with tobacco farms and companies that make cigarettes, pipe tobacco, and cigars. In 1886, Universal Corporation was established. 

On August 11, Universal Corporation released its first-quarter profits (fiscal 2022). During the quarter, the firm made $350 million in sales, up 11% over the prior year. 

Higher carryover tobacco shipments and the effect of a better product mix drove revenue increase. 

The current dividend yield of Universal Corporation is 6.18 percent.

Universal Corporation is the source of this image.

Final Thoughts on the Dividend Kings of 2022

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32 of the 37 firms featured above have already established themselves as dividend kings. Without a question, they are strong businesses that are leaders in their fields. I absolutely anticipate the remaining firms to be on the 2022 dividend kings list owing to their fundamentals and dividend-friendly management.  

Pinkypills / istockphoto / Pinkypills / istockphoto / Pinkypills / istockphoto

Frequently Asked Questions about Dividend Kings

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Who are the Dividend Kings, and what do they do?

The Dividend Kings are a collection of around 30 stocks that have grown their dividends for 50 years in a row.

Why Should Dividend Kings Be Considered by Investors?

Dividend Kings give dividends to shareholders and may increase them year after year, even if the US economy is in a slump. This consistent dividend income offers investors with additional profits when stock prices increase and a hedge against declining stock prices when markets slump.

Is it a good time to buy Dividend Kings?

Certainly not. Investors should consider each company’s particular growth prospects and stock prices in addition to their dividend yields.

Is there an ETF that only invests in Dividend Kings?

No, there are no ETFs that exclusively invest in Dividend Kings. However, some ETFs track the Dividend Aristocrats Index, such as the ProShares S&P 500 Dividend Aristocrats ETF (NOBL).

Related:

This article originally appeared on TheFinanciallyIndependentMillennial.com and was syndicated by MediaFeed.org.

Antonio Diaz/ istockphoto contributed to this image.

MediaFeed has more.

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ipopba/ istockphoto is the source of this image.

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