Some of the most attractive opportunities are the top dividend kings, all of which have raised their payout for 50+ years.
Even in times of economic disarray, inflation, booms, busts, rising interest rates, recessions, and crashes, they’ve still raised their dividends. If they can survive all of that, and still raise their payouts, these top dividend kings are definitely worth a look.
Here are three to consider:
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Company: American States Water (SYM: AWR) With a yield of 2.55%, American States Water (SYM: AWR) has been raising its dividend since 1931. It just paid out its latest dividend of $0.4655 on December 2. And while the stock did take a recent hit on a Wells Fargo downgrade, the pullback is overdone. We also have to consider that AWR operates in a relatively safe utilities sector. |
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Company: Coca-Cola (SYM: KO) With a yield of 3.2%, Coca-Cola (SYM: KO) is another must-own Dividend King. Plus, it’s oversold and just paid out a dividend of $0.485 per share on December 16. Even better, analysts are out in defense of the KO stock. Piper Sandler, for example, just issued an overweight rating on the stock. The firm “highlighted that the beverage giant has strong brands, best-in-class execution, and significant emerging market exposure with attractive sustainable growth momentum,” as noted by Seeking Alpha. |
Mode Mobile
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Company: Procter & Gamble (SYM: PG) With a yield of 2.5%, Procter & Gamble (SYM: PG) is another one of the top Dividend Kings. In November, it paid out its latest quarterly dividend of $1.0065 per share. “P&G has been paying a dividend for 134 consecutive years since its incorporation in 1890 and has increased its dividend for 68 consecutive years. This reinforces our commitment to return cash to shareowners, many of whom rely on the steady, reliable income earned with their investment in P&G,” as noted in a P&G press release. Helping, Stifel just raised its PG price target to $167 from $165. DA Davidson upgraded PG from a neutral rating to a buy rating with a price target of $209 from $160. |
