Up to date on September thirtieth, 2024 by Bob Ciura
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.
The downloadable Dividend Kings Spreadsheet Record beneath comprises the next for every inventory within the index amongst different essential investing metrics:
Payout ratio
Dividend yield
Worth-to-earnings ratio
You’ll be able to see the complete downloadable spreadsheet of all 53 Dividend Kings (together with essential monetary metrics resembling dividend yields, payout ratios, and price-to-earnings ratios) by clicking on the hyperlink beneath:
The one requirement to be a Dividend King, is 50+ years of rising dividends.
However not all Dividend Kings make equally good investments as we speak. Some Dividend Kings are higher than others, primarily based on the sustainability of their dividends.
With this in thoughts, we have now analyzed the ten most secure Dividend Kings from our Certain Evaluation Analysis Database with the most secure dividends primarily based on our Dividend Threat Rating score system.
The next 10 Dividend Kings have Dividend Threat Scores of A (our prime score), and the bottom payout ratios. Consequently, they’re the most secure Dividend Kings for 2024.
Desk of Contents
Most secure Dividend Kings #10: MSA Security Inc. (MSA)
MSA Security Integrated develops and manufactures security merchandise. Clients come from a wide range of industrial markets, together with oil & gasoline, hearth service, development, mining, and the army. MSA Security’s main merchandise embrace gasoline and flame detection, air respirators, head safety, fall safety, air purifying respirators, and eye safety gear.
On July twenty fourth, 2024, MSA launched its Q2 outcomes for the interval ending June thirtieth, 2024. For the quarter, income got here in at $462.5 million, a 3.4% improve in comparison with Q2-2023.
Extra particularly, gross sales within the Americas phase had been up 2%, whereas gross sales within the Worldwide phase rose by 7%. Adjusted earnings equaled $63 million in comparison with $54 million final yr.
Importantly, the adjusted working margin jumped to 21.3% in comparison with 19.4% in the identical interval a yr in the past, which makes for a big enlargement regardless of most industrial firms incurring rising prices recently.
Click on right here to obtain our most up-to-date Certain Evaluation report on MSA (preview of web page 1 of three proven beneath):
Most secure Dividend Kings #9: ABM Industries (ABM)
ABM Industries is a number one supplier of facility options, which incorporates janitorial, electrical & lighting, vitality options, services engineering, HVAC & mechanical, panorama & turf, and parking. ABM Industries has elevated its dividend for 56 consecutive years.
ABM Industries reported its third quarter earnings outcomes on September 6. The corporate introduced that its revenues totaled $2.1 billion throughout the quarter, which was up 3% versus the earlier yr’s quarter and which beat estimates.
The income efficiency was stronger than throughout the earlier quarter, during which revenues had been flat on a year-over-year foundation. ABM Industries was capable of preserve its margins on the excessive stage from the earlier yr’s quarter, as its EBITDA rose by 2%, virtually in step with income.
ABM Industries was capable of generate earnings-per-share of $0.94 throughout the third quarter, which beat the analyst consensus by $0.09. ABM Industries’ earnings-per-share had been up by 19% versus the earlier yr’s quarter on an adjusted foundation.
Click on right here to obtain our most up-to-date Certain Evaluation report on ABM (preview of web page 1 of three proven beneath):
Most secure Dividend Kings #8: S&P World (SPGI)
S&P World is a worldwide supplier of economic providers and enterprise data and income of over $13 billion. By its numerous segments, it offers credit score rankings, benchmarks and indices, analytics, and different knowledge to commodity market individuals, capital markets, and automotive markets.
S&P World has paid dividends repeatedly since 1937 and has elevated its payout for 51 consecutive years.
S&P World posted second quarter earnings on July thirtieth, 2024, and outcomes had been significantly better than anticipated on each the highest and backside traces. Adjusted earnings-per-share got here to $4.04, which was 39 cents higher than estimates.
Earnings had been up from $3.12 per share in final yr’s Q2. Income soared 14.5% year-over-year to $3.55 billion, $140 million higher than anticipated. Administration additionally boosted steering, and we’ve raised our estimate accordingly.
Bills had been $2.11 billion, the identical as Q1, and up fractionally from final yr’s Q2. Given income rose sharply, working revenue soared from $1.44 billion to $1.81 billion.
Income development was strongest within the Rankings enterprise, which noticed income rise from $851 million to $1.14 billion yr over-year. The Market Intelligence enterprise remains to be the biggest phase, however solely simply, as income rose modestly yr over-year.
Click on right here to obtain our most up-to-date Certain Evaluation report on SPGI: (preview of web page 1 of three proven beneath):
Most secure Dividend Kings #7: Parker-Hannifin (PH)
Parker-Hannifin is a diversified industrial producer specializing in movement and management applied sciences. The corporate generates annual revenues of $16 billion. Parker-Hannifin has paid a dividend for 72 years and has elevated the dividend for 67 consecutive years.
Supply: Investor Presentation
In early August, Parker-Hannifin reported (8/8/24) monetary outcomes for the fourth quarter of fiscal 2024. Gross sales grew 2% over the prior yr’s quarter, to a brand new all-time excessive. It was the seventh quarter after the acquisition of Meggitt.
Adjusted earnings-per-share grew 11%, from $6.10 to $6.77, primarily because of sturdy demand in aerospace. Parker-Hannifin exceeded the analysts’ consensus by $0.55. Notably, Parker-Hannifin has exceeded the analysts’ EPS estimates for 36 consecutive quarters.
Click on right here to obtain our most up-to-date Certain Evaluation report on Parker-Hannifin (preview of web page 1 of three proven beneath):
Most secure Dividend Kings #6: Dover Company (DOV)
Dover Company is a diversified world industrial producer with annual revenues of almost $9 billion. Dover consists of 5 reporting segments: Engineered Programs, Clear Vitality & Fueling, Pumps & Course of Options, Imaging & Identification, and Local weather & Sustainability Applied sciences.
Barely greater than half of revenues come from the U.S., with the rest coming from worldwide markets.
On July twenty fifth, 2024, Dover introduced second quarter outcomes the interval ending June thirtieth, 2024. For the quarter, income grew 3.8% to $2.18 billion, which was $30 million greater than anticipated. Adjusted earnings-per-share of $2.36 in contrast favorably to $2.05 within the prior yr and was $0.15 above estimates.
Natural income improved 5% year-over-year whereas bookings grew 16%. For the quarter, Engineered Merchandise had natural development of 20% attributable to continued robust demand for waste dealing with and aerospace and protection merchandise.
Click on right here to obtain our most up-to-date Certain Evaluation report on DOV (preview of web page 1 of three proven beneath):
Most secure Dividend Kings #5: H.B. Fuller (FUL)
H.B. Fuller is a number one world producer of adhesives, sealants, and different specialty chemical merchandise. The class of business adhesives is the core product providing of the corporate.
In late June, H.B. Fuller reported (6/26/24) monetary outcomes for the second quarter of fiscal 2024. Income grew 2% and natural income was flat over the prior yr’s quarter, as worth changes offset quantity development in every of the three segments.
It was the primary quarter of income development after 5 consecutive quarters of declining gross sales amid de-stocking actions of its prospects and lackluster industrial demand.
As well as, gross margin improved from 29.0% to 31.1% and earnings-per-share grew 20%, from $0.93 to $1.12, because of materials price reductions, and exceeded the analysts’ consensus by $0.09.
Click on right here to obtain our most up-to-date Certain Evaluation report on H.B. Fuller (preview of web page 1 of three proven beneath):
Most secure Dividend Kings #4: W.W. Grainger (GWW)
W.W. Grainger, headquartered in Lake Forest, IL, is without doubt one of the world’s largest business-to-business distributors of upkeep, restore, and operations (“MRO”) provides.
On July thirty first, 2024, W.W. Grainger reported its Q2 outcomes for the interval ending June thirtieth, 2024. Revenues got here in at $4.3 billion, up 3.1% on a reported foundation and up 5.1% on a each day, fixed forex foundation (adjusted) in comparison with final yr.
Outcomes had been pushed by stable efficiency throughout the board. The Excessive-Contact Options phase achieved gross sales development of three.1% attributable to stable quantity development in all geographies. Within the Countless Assortment phase, gross sales had been up 3.3%.
Progress was once more pushed by B2B prospects throughout the phase in addition to enterprise buyer development, partially offset by declining gross sales to non-core, consumer-like prospects.
Click on right here to obtain our most up-to-date Certain Evaluation report on GWW (preview of web page 1 of three proven beneath):
Most secure Dividend Kings #3: Tennant Co. (TNC)
Tennant Firm is a equipment firm that produces cleansing merchandise and provides cleansing options to its prospects. Within the US, the corporate holds the market management place in its trade, but it surely additionally sells its merchandise in additional than 100 extra nations across the globe.
Supply: Investor Presentation
Tennant Firm reported its second quarter earnings outcomes on August 8. The corporate introduced that it generated revenues of $331 million throughout the quarter, which was 3% greater than the highest line quantity from the earlier yr’s quarter.
This was barely higher than the current development, as income had grown much less on a year-over-year foundation throughout the earlier quarter. Revenues had been larger in comparison with what the analyst group had forecasted.
Tennant Firm generated adjusted earnings-per-share of $1.83 throughout the second quarter, which was greater than what the analyst group had forecasted, and which was down 2% in comparison with the earlier yr.
Administration is forecasting that adjusted earnings-per-share will fall into a spread of $6.15 to $6.55 in 2024.
Click on right here to obtain our most up-to-date Certain Evaluation report on Tennant Firm (preview of web page 1 of three proven beneath):
Most secure Dividend Kings #2: Nucor Corp. (NUE)
Nucor is the biggest publicly traded US-based metal company. The metal trade is notoriously cyclical, which makes Nucor’s streak of 51 consecutive years of dividend will increase much more outstanding.
Nucor Company reported its monetary outcomes for the second quarter of 2024, demonstrating robust efficiency amidst difficult market circumstances.
The corporate posted internet earnings of $645.2 million, or $2.68 per diluted share, with internet gross sales totaling $8.08 billion. Web earnings earlier than noncontrolling pursuits had been $712.1 million, and EBITDA reached $1.23 billion.
Click on right here to obtain our most up-to-date Certain Evaluation report on NUE (preview of web page 1 of three proven beneath):
Most secure Dividend Kings #1: Farmers & Retailers Bancorp (FMCB)
Farmers & Retailers Bancorp is a regionally owned and operated group financial institution with 32 areas in California. Attributable to its small market cap and its low liquidity, it passes beneath the radar of most buyers. F&M Financial institution has paid uninterrupted dividends for 88 consecutive years and has raised its dividend for 58 consecutive years.
In mid-July, F&M Financial institution reported (7/17/24) monetary outcomes for the second quarter of fiscal 2024. The financial institution grew its adjusted earnings-per-share 5% over the prior yr’s quarter, from $28.03 to $29.39. It posted 5% development of loans and flat deposits.
Web curiosity earnings dipped -3% attributable to a contraction of internet curiosity margin from 4.28% to three.91% amid larger deposit prices. Administration stays optimistic for the foreseeable future, because the financial institution enjoys one of many widest internet curiosity margins in its sector.
Click on right here to obtain our most up-to-date Certain Evaluation report on FMCB (preview of web page 1 of three proven beneath):
Remaining Ideas
The Dividend Kings are a bunch of high-quality companies with shareholder-friendly administration groups which have robust aggressive benefits.
Buying companies with these traits at honest or higher costs and holding them for lengthy intervals of time will seemingly end in robust long-term funding efficiency.
The ten shares offered on this article have the very best Dividend Threat scores in our database, in addition to the bottom dividend payout ratios. Consequently, they’re the most secure Dividend Kings.
Screening to seek out the most secure Dividend Kings isn’t the one option to discover high-quality dividend development inventory concepts.
Certain Dividend maintains related databases on the next helpful universes of shares:
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