Buy 7 June Dividend Kings And Watch 3

May 31, 2023 4:34 PM ET, , , , , , , , , , , , , , 4 Comments
Fredrik Arnold
Investing Group Leader

Summary

  • "There is only one-criterion to be included among the Dividend Kings: a publicly-traded company must increase its total fiscal-year dividend-payout for a minimum of 50 consecutive-years."--Dogs of the Dow.
  • The 47 Dividend Kings screened as of May 26, 2023, represented eight of eleven Morningstar Sectors. Broker targeted-top-ten net-gainers ranged 16.08%-39.93% topped-by VF Corp & Gorman-Rupp.
  • By yield, MO tops-all. Top-ten Kingly June yields from BKH, ABBV, NWN, FRT, CDUAF, LEG, UVV, MMM, VFC, & MO averaged 5.59%.
  • Kings showed top-ten broker-estimated target-price upsides from: CINF, NFG, EMR, FRT, TGT, ABM, FUL, SCL, VFC, and GRC, averaging 32.65%.
  • $5k invested May 26 in the five top-yield, lowest-priced, Kings showed 1.77% more net-gain than from $5k invested in all top ten. Little (lower-priced) equities led these Dividend Kings by a head.
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Puppy dog dressed as a king celebrating carnival, hallowen or three wise men of orient. Isolated on gray or grey background

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Foreword

As supplement to this article, please note that Dogs of the Dow has published a 2023 list detailing the latest 47 Dividend Kings. The article, entitled 2023 Dividend Kings List, is on-line now.

While most of this collection of

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This article was written by

Fredrik Arnold
31.22K Followers

Fredrik Arnold is a retired quality service analyst sharing investment ideas with a primary focus on dividend yields by utilizing free cash flow and one-year total returns as trading indicators.

He is the leader of the investing group The Dividend Dog Catcher, where he shares a minimum of one new dividend stock idea per week with focus on yield or extraordinary financial circumstances. All ideas are archived and available after weekly announcement. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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