NWN - 53 June Dividend Kings: Buy 8 Watch 8 More

2024-06-11 18:22:39 ET

Summary

• What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.”—suredividend.com.
• The 53 Dividend Kings, screened as of June 7, represented 9 of 11 Morningstar Sectors. Broker-targeted top-ten net-gains ranged 18.24%-30.31% topped-by SWJ Group, and Kenvue.
• By yield, Altria tops-all. Top-ten June Kings: SWK, FRT, FTS, KVUE, UBSI, BKH, NWN, CDUAF, UVV, MMM, & MO averaged 5.29% in yield.
• The Kings showed top-ten broker-estimated target-price upsides from: NWN, EMR, SCL, PPG, NDSN, KVUE, GRC, NUE, SJW, and TNC, averaging 25.2%.
• $5k invested June 7 in the five top-yield, lowest-priced, Kings showed 12.61% more net-gain than from $5k invested in all top ten. Little (lower-priced) equities led these Dividend Kings by over one and one-quarter lengths in June.

Foreword

As a supplement to this article, please note that The Motley Fool , which sourced this latest list, and SureDividend both update their lists periodically.

While most of this June collection of 53 Kings is too pricey to justify their skinny dividends, seven of the top-ten, by yield, and one more outside those ten, live up to the ideal of offering annual dividends (from a $1K investment) exceeding their single share prices, and this month there are eight more to watch. Note that two Kings failed to increase dividends in the past year and so departed from the list, Leggett and Platt ( LEG ), and 3M Company ( MMM )....

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