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Dividend Kings Performance August 2020

Sep. 02, 2020 6:40 AM ETNordson Corporation (NDSN)MO, UVV
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  • The Dividend Kings are the best in class with respect to dividend endurance.
  • The Dividend Kings are a select group of currently 30 US dividend stocks with 50+ years of consecutive dividend increases.
  • Not all Dividend Kings are Dividend Aristocrats.
  • By showing the recent performance of the Dividend Kings, some active dividend growth investors may be able to identify relative bargains.

The Dividend Kings are the best in class with respect to dividend endurance. A Dividend King is a stock with 50 or more consecutive years of dividend increases. The Dividend Kings list can be a good source for selecting dividend stocks.

While the S&P Dividend Aristocrats Index consists of 63 stocks, which includes companies in the S&P 500 Index that have raised their dividend for at least 25 consecutive years, there are only 30 dividend kings in 2020. This is including recent additions such as Sysco (SYY), Universal Corporation (UVV), and National Fuel Gas (NFG).

The table below lists the dividend king's performance for August 2020. The average monthly price performance for all dividend kings is 4.59% which is almost on par with the Dividend Aristocrats.

Dividend KIngs Performance aug 2020Key takeaways

The key takeaways for August:

  • Amongst the laggards in August are FMCB, NDSN, and again NWN.
  • Top-performing Dividend Kings in August are PH, SYY & NFG
  • Consumer Discretionary is the best performing sector (+7.7%), while Utilities had a difficult month with -2.2%

KIngs Performance tableDividend KIng Sector performance

Nordson Corporation (NDSN) dropped after its earnings report which lacked a solid outlook. However, the company’s board of directors approved a quarterly dividend increase of 3% or $0.01 per share to $0.39. On an annualized basis, the dividend rose to $1.56 from $1.52 per share. This is the 57th consecutive annual dividend increase of Nordson Corporation.

Data by YCharts

Top-10 Dividend Kings

The dividend kings are also worthwhile to look at as high-yield dividend investors. Altria Group (MO) and Universal Corp. (UVV) are the top kings with respect to dividend yield, as the top-10 table shows below.

Dividend KIngs by dividend yieldSource:Moneyinvestexpert.com

The above-presented performance data of the Dividend Kings could assist active dividend growth investors to find some bargains for the long run.

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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