The dividend kings list are those companies that have distributed and increased their dividend for at least 50 consecutive years.
Dividends are an essential part of investing in the stock market. When you invest in dividend stocks, you are purchasing shares in a company that shares its profits with shareholders through dividend payments. Dividend stocks appeal to investors looking for stable income and long-term strategies, even in bear markets.
Stocks that pay dividends tend to belong to established, consistently profitable companies. However, there is a unique group of stocks that exceptionally exemplify these characteristics, known as the Dividend Kings. These are stocks that have increased their dividends continuously for at least 50 consecutive years.
This is impressive. Over the past five decades, these companies have continued to grow and pay dividends despite facing major challenges, such as recessions, oil embargo (1973-74), high interest rates in the 1980s, Black Monday of 1987 , the events of September 11, the dot-com bubble (1999-2000), the 2008 financial crisis, the economic collapse caused by the Coronavirus pandemic in 2020, and other challenges.
If you are looking for solid and long-lasting stocks in the market, here we present everything you need to know about the Dividend Kings.
Dividend Kings List 2023
The Dividend Kings list make up an elite group of stocks that have increased their dividends year after year for at least 50 consecutive years. It is no surprise that very few companies reach this milestone. Of the more than 4,000 public companies in the United States, only 50 have achieved this distinction in 2023.
Below, we present the updated list of the dividend kings in 2023, which includes the name of each company, its stock symbol, and the number of years they have been increasing the dividend.
Updated list of Dividend Kings 2023
| Ticker | Company | Years |
|---|---|---|
| AWR | American States Water | 68 |
| GPC | Genunine Parts Company | 68 |
| PG | Procter & Gamble | 68 |
| DOV | Dover | 67 |
| MMM | 3M | 66 |
| EMR | Emerson Electric | 66 |
| NWN | Northwest Natural | 66 |
| PH | Parker-Hannifin | 66 |
| CINF | Cincinnati Financial | 63 |
| KO | The Coca-Cola Company | 62 |
| JNJ | Johnson & Johnson | 62 |
| CL | Colgate-Palmolive | 61 |
| LANC | Lancaster Colony | 60 |
| ITW | Illinois Tool Works | 59 |
| NDSN | Nordson Corporation | 59 |
| FMCB | Farmers & Merchants Bancorp | 57 |
| HRL | Hormel Foods | 57 |
| CWT | California Water Service Group | 56 |
| SJW | SJW Group | 56 |
| ABM | ABM Industries Incorporated | 55 |
| CBSH | Commerce Bancshares | 55 |
| FRT | Federal Realty | 55 |
| SWK | Stanley Black & Decker | 55 |
| SCL | Stepan Company | 55 |
| SYY | Sysco | 55 |
| FUL | H. B. Fuller | 54 |
| TR | Tootsie Roll | 54 |
| MO | Altria | 53 |
| GWW | W. W. Grainger | 53 |
| BKH | Black Hills | 52 |
| KMB | Kimberly-Clark | 52 |
| LEG | Leggett & Platt | 52 |
| MSA | MSA Safety Incorporated | 52 |
| NFG | National Fuel Gas | 52 |
| PEP | PepsiCo | 52 |
| UVV | Universal | 52 |
| ABT | Abbot Laboratories | 51 |
| ABBV | AbbVie | 51 |
| ADM | ADM | 51 |
| BDX | Becton, Dickinson and Company | 51 |
| CDUAF | Canadian Utilities | 51 |
| PPG | PPG Industries | 51 |
| SPGI | S&P Global | 51 |
| TGT | Target | 51 |
| WMT | Walmart | 51 |
| GRC | Gorman-Rupp Company | 50 |
| LOW | Lowe’s | 50 |
| MSEX | Middlesex Water Company | 50 |
| NUE | Nucor | 50 |
| TNC | Tennant Company | 50 |
Find out more about these companies that have proven their strength over time and their commitment to shareholders, delivering dividends uninterruptedly for half a century or more. If you are interested in building a solid, long-term investment portfolio, these Dividend Kings deserve your attention.
Now that you know what and who the dividend kings are, we recommend you expand your knowledge with the glossary of financial terms.