Dividend Kings are the companies that have a very long track record of increasing dividends and a market cap of at least USD$3 billion. To become one of the Dividend Kings, the company must have increased its dividends paid to shareholders for at least 50 consecutive years.
This is the list of 24 companies from the U.S. included in The S&P 500 Index that are crowned Dividend Kings in 2024:
1. DEFENSIVE SECTORS
Consumer Staples: Kimberly Clark (KMB), Coca-Cola (KO), Pepsi (PEP), Procter & Gamble (PG), Colgate-Palmolive (CL), SYSCO (SYY), Hormel Foods (HRL), Walmart (WMT)
Healthcare: AbbVie (ABBV), Johnson & Johnson (JNJ), Abbott (ABT), Becton Dickinson (BDX)
Utilities: n/a
2. CYCLICAL SECTORS
Basic Materials: Nucor (NUE), PPG Industries (PPG)
Consumer Discretionary: Genuine Parts (GPC), Target (TGT)
Financial Services: Cincinnati Financial (CINF), S&P Global (SPGI)
Real Estate: Federal Realty (FRT)
3. SENSITIVE SECTORS
Communication Services: n/a
Energy: n/a
Industrials: Emerson (EMR), Illinois Tool Works (ITW), Grainger (GWW), Dover (DOV), Stanley Black & Decker (SWK)
Technology: n/a
These companies have not only paid but increased their dividends for at least 50 consecutive years. Overall, Dividend Kings are considered to be reliable sources of income for investors seeking dividend-paying stocks.
