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Wall Street’s 3 Favorite Dividend Kings You'd Ever Need

Rick Orford

4 min read

Dividends and dollars by MarkgrafAve via iStock

Dividends and dollars by MarkgrafAve via iStock

Ask any dividend growth investor who’s been in the game for more than ten years which Dividend Kings they have in their portfolios, and I am willing to bet that they will 1) know exactly what you’re talking about, and 2) have several favorites to list out.

Dividend Kings are quality companies that have a history of consistent yearly dividend increases for 50 or more years. Some of them have even paid dividends for over a century. To put that into perspective, over the past 50 years, there have been five major economic meltdowns and at least 10 major global conflicts.

And throughout all that, these Dividend Kings not only survived - they thrived, and continued to reward shareholders. No wonder analysts love them.

So, today, let’s look at the best Dividend Kings in the market based on Wall Street’s ratings.

Using Barchart’s Stock Screener, I came up with the following filters for this analysis:

  • Number of Analysts: 20 or more. I’m being stricter on this analysis by limiting stocks that 20 or more analysts cover. That way, I can be more confident that Wall Street’s pros vet the results.

  • Current Analyst Rating: 4.5 to 5 (Strong Buy) - to get the best of the best.

  • Watchlist: Dividend Kings.

With the filters set, I ran the screen and got four results:

I then arranged the results from highest to lowest analyst ratings and took the top three. However, I would like to give a special mention to Parker-Hannafin Corp in fourth place, which placed third in my last top-rated Dividend Kings list.

Let's start with the top Dividend King from this screen.

It goes without saying that the Coca-Cola Company is one of the world’s most recognizable brands. However, it also has the distinction of being a dividend darling for investors. As of today, the company maintains its status as a Dividend Aristocrat, King, and Zombie (with 100+ years of consecutive dividends). Operations-wise, the company’s products consistently rank among the best-selling beverages in the world. It has over 950 production facilities and 200 bottling partners worldwide, which means its brand strength - and consequently, its revenue streams - won’t be going away any time soon.