CDUAF - 55 March Dividend Kings: Buy 8; Watch 4

2024-03-15 14:27:55 ET

Summary

• A Dividend King is a stock with 50 or more consecutive years of dividend increases.
• The 55 Dividend Kings screened as of March 13 represented 9 of 11 Morningstar Sectors. Broker targeted-top-ten net gains ranged 14.63%-22.93% topped by Middlesex Water, and SJW Group.
• By yield, Leggett tops-all. Top-ten March Kings; UBSI, FRT, FTS, BKH, NWN, MMM, CDUAF, UVV, MO, & LEG averaged 5.97% yield.
• The Kings showed top ten broker-estimated target-price upsides from: PEP, SPGI, SCL, NWN, TNC, GRC, BDX, SJW, ABM, and MSEX, averaging 16.78%.
• $5k invested March 13 in the five top-yield, lowest-priced, Kings showed 12.76% LESS net gain than from $5k invested in all top ten. Bigger (higher-priced) equities led these Dividend Kings by one and one quarter lengths.

Foreword

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

While most of this March collection of 55 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 four more to watch....

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