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Dividend Kings List – Companies with Annual Dividend Increases for Over 50 Years!

Dividend growth investing may not be for everyone, but I am a fan.  I like the idea of receiving tax efficient payments from long established companies with an established track record of annually increasing their payments to shareholders.  While I also believe in the merits of passive index investing, I also enjoy the active nature of dividend investing.  I use the passive indexing approach for our famly RESP, my wife’s RRSP, and the international portion of my own RRSP.  I use the dividend strategy for my leveraged portfolio, a significant portion of my RRSP, and our corporate portfolio.  We currently collect around $18,000/year in dividends, you can follow my dividend progress here.

In the past, I’ve written a number of articles on dividend growth stocks, I’ve never properly categorized them.

  • A Dividend Achiever is a company that has increased their dividend at least 10 years in a row;
  • A Dividend Aristocrat is a company that has increased their dviidend at least 25 years in a row; and,
  • A Dividend King is a company that has increased their dividend at least 50 years in a row.  The true cream of the crop.

Here in Canada, we have a relatively small market, and an even smaller list of quality dividend stocks.  In a previous article about the top Canadian dividend growth stocks, you will see a number of dividend achievers, but only a couple dividend aristocrats (FTS and CU), and no dividend kings in Canada.

As of November 9, 2015

Company Symbol Years of Dividend Growth 5 year avg Dividend Growth Rate Payout Ratio Current Yield
Canadian Utilities CU 43  9.72%  71%  3.4%
Fortis Inc. FTS 41 4.99% 79% 3.6%
Canadian Western Bank CWB 23  14.43% 28%  3.5%
Atco Ltd ACO.X 21  11.46%  42%  2.6%
Thomson Reuters TRI 21  3.04% 55%  2.5%(USD)
Empire Company Ltd EMP.A 21  8.17%  34% 1.5%
Ensign Energy Services ESI 20  6.56%  1,200% 5.5%
Imperial Oil IMO 20  4.79%  26%  1.3%
Metro Inc MRU 20  14%  30%  1.3%
Canadian National Railway CNR 19  17.49% 36%  1.6%
Enbridge Inc ENB 19  16.4% 1,000%  3.6%
Home Capital Group HCG 16  10%  24%  2.6%
Saputo Inc SAP 15  17%  43% 1.7%
Canadian Natural Resources CNQ 14  29.4%  80%  2.7%
SNC Lavalin SNC 14  8.6%  14% 2.4%
Transcanada Corp TRP 14  5.25%  90%  4.8%

So where do we find these elusive dividend kings? You’ll have to look at the biggest market in the world – the US!  In the US, there are 18 dividend kings that have increased their dividend at least 50 years in a row.

The only issue is that right now US markets are making all time highs, which means prices are generally high with most yields relatively low.  However, there is confidence that there will be an annual dividend increase.

The Dividend Kings List

Company Symbol Years of Dividend Growth Current Yield
American States Water  AWR  61  2.04%
Dover Corporation  DOV  60  2.36%
Genuine Parts and Company GPC  60  2.63%
Northwest Natural Gas NWN  60  2.86%
Proctor & Gamble PG  60  3.12%
Parker-Hannifin PH  59  2.23%
Emerson Electric EMR  58  3.40%
3M MMM  58  2.46%
Cincinnati Financial CINF  56  2.56%
Vectren VVC  56  3.08%
Colgate-Palmolive CL  54  2.09%
Coca-Cola KO  54  3.05%
Johnson & Johnson JNJ  53  2.56%
Lancaster Colony LANC  53  1.55%
Lowe’s LOW  53  1.74%
Nordson NDSN  52  1.09%
Farmers & Merchants Bancorp FMCB  50  2.19%
Hormel Foods HRL  50  1.57%

Sources: bigcharts.com; Sure Dividend; Dividend Growth Investor.

As you can see from the list, some of these names are very recognizable with global brand awareness and long term competitive advantage.  Names such as Proctor & Gamble, Coke, Johnson & Johnson, 3M, Colgate, and Lowe’s.  All of these I would purchase if/when their price/valuation is reasonable.

As a disclaimer, I hold the following dividend kings within my RRSP: Proctor & Gamble; Emerson Electric; Coca-Cola; and, Johnson & Johnson.  Also, this post is not meant to provide recommendations for your portfolio, but a starting point for your research.

More Dividend Stock Investing Info:

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FrugalTrader About the author: FrugalTrader is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.

{ 3 comments… add one }
  • cannew August 1, 2016, 2:52 pm

    Certainly dividend increases is important, very important, but one should not get obsessed with insisting on an increase each and every year. I’m retired and 100% invested in DG stocks. But I found there are three keys:
    1. They must pay a dividend, have paid one for many, many years
    2. They must grow the dividend, say 7 of last 10 or 11 of last 15
    3. The price one pays can greatly increase yield and is often obtained when markets drop and a company does not increase their dividend (as with Cdn banks during 2009/2011).
    4. Hold, hold, hold and add to ones position.

  • Peter August 2, 2016, 3:54 am

    you fail to mentioned anything about DRIPPing the dividend payments. Both broker DRIPS (no partial DRIP or shares) to company DRIP (partial shares allowed but you might have to pay about $50 to do this)

  • Dividend Earner August 17, 2016, 12:43 pm

    The US definitely has bigger companies with stronger history of providing returns to investors.

    Be careful with the Dividend Aristocrats definition as Canada has one defined by Standard & Poor and it’s adjusted to the Canadian market and requires 5 year of dividend increases with some other rules. The iShare Canadian Dividend Aristocrats follows that rule

    Don’t get me wrong, I prefer a 10 year minimum so Dividend Achievers is where I start.

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