Buy 7 October Dividend Kings, Watch 10 More

Oct. 11, 2024 8:46 AM ET, , , , , , , , , , , , , , , , , , , , , , 1 Comment
Fredrik Arnold
Investing Group Leader
(15min)

Summary

  • A Dividend King is a stock with 50 or more consecutive years of dividend increases per suredividend.com.
  • The 53 Dividend Kings, screened as of October 8, represented 8 of 11 Morningstar Sectors. Broker-targeted top-ten net-gains ranged 13.99%-20.65% topped by Northwest Natural and United Bankshares.
  • By yield, Altria tops all. Top-ten October dogs: HRL, KVUE, FRT, UBSI, FTS, BKH, NWN, CDUAF, UVV, and MO averaged 4.87% in yield.
  • The Kings showed top-ten broker-estimated target price upsides from: TGT, SJW, NWN, PPG, NFG, BDX, NUE, GRC, SCL, and TNC, averaging 23.19%.
  • $5k invested on October 8 in the five top-yield, lowest-priced, Kings showed 23.95% more net gain than from $5k invested in all top ten. Little lower-priced equities led these Dividend Kings by over two and one-third lengths in October.
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Lovely smiling welsh corgi Pembroke dog in crown decorated with precious stones and in red royal mantle with fur, front view, isolated on white background. Noble breed for kings

Ирина Мещерякова

Foreword

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

Note that two Kings failed to increase dividends in the past year

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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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SymbolLast Price% Chg
MO--
Altria Group, Inc.
UVV--
Universal Corporation
CDUAF--
Canadian Utilities LimitedA
NWN--
Northwest Natural Holding Company
UBSI--
United Bankshares, Inc.
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