Dividend Kings List – Companies with Annual Dividend Increases for Over 50 Years!

Dividend Kings List – Companies with Annual Dividend Increases for Over 50 Years!



dividend kings

A reader has prompted me to update this post (originally posted in 2016).

Dividend growth investing may not be for everyone, but I am a fan.  I like the idea of receiving tax efficient payments from long-established companies with a track record of annually increasing their payments to shareholders.  

I’m also a believer in the merits of passive index investing.  I use the passive indexing approach for our family RESP, my wife’s RRSP, and the international portion of my own RRSP.  

I use the dividend strategy for my leveraged portfolio, a significant portion of my RRSP, and our corporate portfolio.  We currently collect a little over $50,000/year in dividends and if you are interested, you can follow my dividend updates here.

In the past, I’ve written a number of articles on dividend growth stocks, I’ve never properly categorized them.

  • A Dividend Achiever is a company that has increased its dividend at least 10 years in a row;
  • A Dividend Aristocrat is a company that has increased its dividend at least 25 years in a row; and,
  • A Dividend King is a company that has increased its dividend at least 50 years in a row.  The true cream of the crop.

Here in Canada, we have a relatively small market and an even smaller list of quality dividend stocks.  In a previous article about the top Canadian dividend growth stocks, you will see a number of dividend achievers, a handful of dividend aristocrats, but no dividend kings in Canada (although FTS and CU are getting close).

As of March 2019

Company Symbol Years of Dividend Growth 10 year avg Dividend Growth Rate Payout Ratio Current Yield
Canadian Utilities CU 47  9% 122.5% 4.77%
Fortis Inc. FTS 45 5.6% 72.45% 3.60%
Toromount Industries Ltd TIH 29  11.3% 35.18% 1.56%
Canadian Western Bank CWB 27  9.0% 37.24% 3.40%
Atco Ltd ACO.X 25  12.4% 90.69% 3.58%
Thomson Reuters TRI 25  2.5% 575.79% 2.65%
Empire Company Ltd EMP.A 24  6.6% 36.47% 1.44%
Imperial Oil IMO 24  6.7% 26.40% 2.14%
Metro Inc MRU 24  16% 31.9% 1.62%
Canadian National Railway CNR 23  14.7% 36.62% 1.89%
Enbridge Inc ENB 23  15.1% 204.77% 5.42%
Saputo Inc SAP 19  12%  33.96% 1.52%
Canadian Natural Resources CNQ 18  21%  43.75% 3.52%
SNC Lavalin SNC 16  14%  60.67% 1.93%
TransCanada Corp TRP 18  6.7%  80.31% 5.05%
Canadian REIT REF.UN 15  3.5%  88.63% 3.98%
CCL Industries CCL.B 17  16.6%  25.92% 1.25%
Finning International FTT 17  6.3%  58.14% 3.21%
Transcontinental Inc. TCL.A 17  10.3%  33.54% 4.36%
Plaza Retail REIT PLZ.UN 16  4.8%  240.3% 6.76%
Ritchie Bros Auctioneers RBA 16  7.5%  52.73% 1.96%
Suncor Energy SU 16  21.8%  83.58% 3.69%
Cogeco Communications Inc. CCA 15  16.6%  29.81% 2.48%
Telus Corporation T 15  8.7%  81.37% 4.63%

So where do we find these elusive dividend kings? You’ll have to look at the biggest market in the world – the US!  In the US, there are 26 dividend kings that have increased their dividend at least 50 years in a row.  

Here is a table supplied by Sure Dividend (sorted by market cap):

Ticker Name Dividend Yield Market Cap ($M)
JNJ Johnson & Johnson 2.96% $339,608
PG Procter & Gamble Co. 2.48% $303,819
KO The Coca-Cola Co. 2.87% $235,652
MMM 3M Co. 3.55% $90,635
LOW Lowe’s Cos., Inc. 1.96% $83,948
CL Colgate-Palmolive Co. 2.32% $63,492
TGT Target Corp. 2.47% $54,406
EMR Emerson Electric Co. 3.29% $35,571
HRL Hormel Foods Corp. 1.97% $22,582
PH Parker-Hannifin Corp. 2.12% $20,458
SWK Stanley Black & Decker, Inc. 2.08% $19,774
CINF Cincinnati Financial Corp. 1.99% $18,147
DOV Dover Corp. 2.09% $13,203
GPC Genuine Parts Co. 3.38% $12,943
FRT Federal Realty Investment Trust 3.25% $9,679
NDSN Nordson Corp. 1.12% $7,657
CBSH Commerce Bancshares, Inc. (Missouri) 1.82% $6,087
LANC Lancaster Colony Corp. 1.78% $3,934
AWR American States Water Co. 1.32% $3,366
CWT California Water Service Group 1.40% $2,686
ABM ABM Industries, Inc. 1.93% $2,427
TR Tootsie Roll Industries, Inc. 0.95% $2,400
NWN Northwest Natural Holding Co. 2.66% $2,148
SCL Stepan Co. 1.05% $2,140
SJW SJW Group 1.76% $1,897
FMCB Farmers & Merchants Bancorp (California) 1.81% $600

Sources: bigcharts.com; Sure Dividend; Dividend Growth Investor.

Here is the same table sorted by yield:

Ticker Name Dividend Yield Market Cap ($M)
MMM 3M Co. 3.55% $90,635
GPC Genuine Parts Co. 3.38% $12,943
EMR Emerson Electric Co. 3.29% $35,571
FRT Federal Realty Investment Trust 3.25% $9,679
JNJ Johnson & Johnson 2.96% $339,608
KO The Coca-Cola Co. 2.87% $235,652
NWN Northwest Natural Holding Co. 2.66% $2,148
PG Procter & Gamble Co. 2.48% $303,819
TGT Target Corp. 2.47% $54,406
CL Colgate-Palmolive Co. 2.32% $63,492
PH Parker-Hannifin Corp. 2.12% $20,458
DOV Dover Corp. 2.09% $13,203
SWK Stanley Black & Decker, Inc. 2.08% $19,774
CINF Cincinnati Financial Corp. 1.99% $18,147
HRL Hormel Foods Corp. 1.97% $22,582
LOW Lowe’s Cos., Inc. 1.96% $83,948
ABM ABM Industries, Inc. 1.93% $2,427
CBSH Commerce Bancshares, Inc. (Missouri) 1.82% $6,087
FMCB Farmers & Merchants Bancorp (California) 1.81% $600
LANC Lancaster Colony Corp. 1.78% $3,934
SJW SJW Group 1.76% $1,897
CWT California Water Service Group 1.40% $2,686
AWR American States Water Co. 1.32% $3,366
NDSN Nordson Corp. 1.12% $7,657
SCL Stepan Co. 1.05% $2,140
TR Tootsie Roll Industries, Inc. 0.95% $2,400

As you can see from the list, some of these names are very recognizable with global brand awareness and long term competitive advantage.  Names such as Proctor & Gamble, Coke, Johnson & Johnson, 3M, Colgate, and Lowe’s.  All of these I would purchase if/when their price/valuation is reasonable.

As a disclaimer, I hold the following dividend kings within my RRSP: Proctor & Gamble; 3M; Emerson Electric; Coca-Cola; Target; and, Johnson & Johnson.  Also, this post is not meant to provide recommendations for your portfolio, but a starting point for your research.

If you are interested in dividend investing, here is More Dividend Stock Investing Info:

Free Traffic Generator How To Make Money Online Daily How To Make Money Online Fast And Free internet marketing internet marketing ads internet marketing affiliate internet marketing articles internet marketing basics


Leave a Reply

Your email address will not be published. Required fields are marked *