MSEX - February's 55 Dividend Kings: Buy 9 Watch 3
2024-02-14 17:39:48 ET
Summary
- "What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.”—suredividend.com.
- The 55 Dividend Kings screened as of February 12 represented 9 of 11 Morningstar Sectors. Broker targeted-top-ten net-gains ranged 14.3%-28.7% topped-by Northwest Natural, and Archer-Daniels Midland.
- By yield, Altria tops-all. Top-ten February King yields reported for UBSI, FRT, FTS, BKH, NWN, CDUAF, UVV, MMM, LEG, & MO averaged 6.00%.
- The Kings showed top-ten broker-estimated target-price upsides from: MO, BDX, GRC, SJW, KVUE, NFG, NWN, ADM, ABM, and MSEX, averaging 21.59%.
- $5k invested February 12 in the five top-yield, lowest-priced, Kings showed 16.67% LESS net-gain than from $5k invested in all top ten. Bigger (higher-priced) equities led these Dividend Kings by one and two-thirds lengths.
Foreword
As 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 February collection of 55 Kings is too pricey to justify their skinny dividends, seven of the top ten, by yield, and two more outside of the top ten, live up to the ideal of offering annual dividends (from a $1K investment) exceeding their single share prices, and this month there are three more to watch....
February's 55 Dividend Kings: Buy 9, Watch 3