Dividend investing is a proven strategy to build wealth, but not if you chase yields. The trick is to buy dividend growth stocks that pay regular, stable, and growing dividends, and hold them for as long as you possibly can. That's how you grow money, and that's what investing in Dividend Kings is all about.
So Dividend Kings have typically low yields, but these S&P stocks have increased their payout every year for at least 50 consecutive years or more. That's no mean feat, and only 32 stocks currently make the cut. Among these, I believe the below 5 are the best Dividend Kings to buy now and hold for the long term.
Consumer defensive, utilities, and industrials stocks rule the Dividend Kings list . Inclusion of industrials in the niche group, in particular, proves that even conglomerates and cyclical stocks can be top dividend payers if management is focused on cash-flow growth and shareholder returns. I admire such companies, which is why a lesser-known industrials stock, Parker-Hannifin (NYSE: PH) has made it to my best Dividend Kings picks today.
For further details see:
5 Top Dividend Kings to Buy and Hold Forever