To The Moon

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Many investors are familiar with the Dividend Aristocrats of the U.S. stock market, but the Dividend Kings are the elite of the elite. While not required to be $S&P 500(.SPX)$ components, Dividend Kings have an even stricter requirement for dividend growth. They must have raised their dividends for at least 50 consecutive years.

As of January 22, 2024, there are a total of 55 US stocks that meet the criteria for Dividend Kings, plus two more, $Canadian Utilities Ltd.(CDUAF)$ and $Tootsie Roll(TR)$, that are listed as "unofficial" Dividend Kings due to currency exchange and stock dividends.

Characteristics and benefits of U.S. Dividend Kings:

Long-term dividend growth: Dividend Kings are publicly traded companies that have increased their dividend payments every year for at least 50 consecutive years. This represents an extremely rare and long-lasting trait, indicating that these companies have stable financial strength and long-term growth potential.

Solid competitive advantages: Dividend Kings usually have durable competitive advantages that help them consistently generate stable profits in their respective industries. These companies may have durable brand value, patented technology, or other advantages that are not easily replaced by competitors.

Stable cash flow: These companies usually have stable cash flow, which supports long-term dividend growth.

Excellent management and board decisions: These companies are usually led by visionary and responsible management and boards that prioritize shareholder interests and tend to return excess profits to shareholders.

Investor value orientation: Dividend Kings usually focus on providing stable returns to their shareholders, making them a top choice for investors seeking stable dividends and long-term value growth.

Sectors and industries of the 2024 U.S. Dividend Kings

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New additions to the list of U.S. Dividend Kings in 2023:

$Archer-Daniels Midland(ADM)$ $S&P Global(SPGI)$ $Nucor(NUE)$ $Wal-Mart(WMT)$ Kenvue ( $Johnson & Johnson(JNJ)$ )$Fortis Inc(FTS)$ $RPM International Inc(RPM)$ $United Bankshares(UBSI)$

New additions or companies expected to join the list of U.S. Dividend Kings in 2024:

$Consolidated Edison(ED)$ : Announced its 50th consecutive year of dividend increases in mid-January

$Telephone and Data(TDS)$ (5.39%): Expected to join the Dividend Kings list in February

$Automatic Data Processing Inc(ADP)$ : Expected to announce a dividend increase in November 2024

The list of U.S. Dividend Kings in 2024 (as of January 22, 2024):

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