Expect dividend and earnings growth, and an improving macro outlook for these seven dividend kings
You may have heard of the “Dividend Aristocrats,” but have you heard of the “Dividend Kings?”
While dividend aristocrats have at least 25 years of consecutive annual dividend increases under their belts, dividend kings go the extra. To qualify for this designation, a company must achieve at least 50 years of consecutive annual dividend growth.
With these half-century long dividend track records, these companies clearly demonstrate consistent profitability. And they are devoted to maximizing shareholder value, via the return of excess capital.
So, with a few dozen dividend kings out there, only a few stand out as strong opportunities heading into 2024.
The following seven dividend kings offer not only steady returns from their consistent, growing payouts, but also solid appreciation potential.
On top of being poised to deliver strong total returns thanks to dividend and earnings growth, these kings also stand to benefit from the improving macro outlook (cooling inflation, the prospect of lower interest rates). Let’s explore them.
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