Updated on August 4th, 2026 by Nikolaos Sismanis
With contributions from Ben Reynolds
Dividend Kings are stocks with an incredible 50 or more consecutive years of dividend increases. They are the best-of-the-best in dividend longevity.
This research report includes the following valuable free Dividend Kings resources.
Resource #1: The Dividend Kings Spreadsheet List
This spreadsheet contains important metrics, including: years of dividend growth, dividend yields, payout ratios, buy/hold/sell ratings, fair value prices, expected total returns, and much more.
Resource #2: The 10 Best Dividend Kings Today
This research report analyzes the 10 best Dividend Kings now as ranked by expected total return. Expected total returns include estimated earnings-per-share growth, dividends, and the impact of any valuation multiple changes.
This ranking is best used as a research shortlist rather than an automatic buy list.
- #10: Lowe’s Companies (LOW)
- #9: Automatic Data Processing (ADP)
- #8: Becton, Dickinson & Co. (BDX)
- #7: PPG Industries (PPG)
- #6: PepsiCo (PEP)
- #5: H2O America (HTO)
- #4: Pentair (PNR)
- #3: Stepan Company (SCL)
- #2: The Marzetti Company (MZTI)
- #1: S&P Global (SPGI)
Resource #3: Sure Analysis Reports On All Dividend Kings
We cover all 58 Dividend Kings in the Sure Analysis Research Database. All are updated quarterly. This resource has links to our most recent stand-alone analysis on each of the Dividend Kings.
Dividend King #10: Lowe’s Companies (LOW)
- 5-Year Expected Total Return: 12.5%
- Dividend Yield: 2.4%
Lowe’s Companies is one of the two dominant home-improvement retailers in the United States.
Its scale, well-known brand, broad store network, and growing digital capabilities support durable cash generation, although demand remains sensitive to housing turnover and large discretionary renovation projects.
Lowe’s also has increased its dividend for 63 consecutive years.
Its latest increase raised the quarterly payout 4% to $1.25, or $5.00 annualized.
In the first quarter of fiscal 2026, sales rose to $23.1 billion from $20.9 billion, while comparable sales increased 0.6%.
Online sales were particularly strong, rising 15.5%. Adjusted earnings per share increased 3.8% to $3.03 despite near-term acquisition costs.
Management expects full-year sales of $92 billion to $94 billion, comparable sales ranging from flat to up 2%, and adjusted earnings per share of $12.25 to $12.75.
The acquisitions of Foundation Building Materials and Artisan Design Group meaningfully expand Lowe’s exposure to professional customers and create additional avenues for market-share gains.
The investment case depends on disciplined integration and an eventual improvement in housing-related demand.
Meanwhile, the dividend provides a tangible return while investors wait for those growth initiatives to mature.
Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on Lowe’s Companies (LOW).
Dividend King #9: Automatic Data Processing (ADP)
- 5-Year Expected Total Return: 13.1%
- Dividend Yield: 2.5%
Automatic Data Processing is a leading provider of payroll, human-capital management, benefits, and compliance solutions.
Its services are deeply embedded in customers’ daily operations, which supports high retention, recurring revenue, and attractive margins. ADP serves more than 1.1 million clients across over 140 countries.
It has also raised its dividend for 51 consecutive years, including a 10% increase to $1.70 per quarter, or $6.80 annualized.
For the fourth quarter of fiscal 2026, revenue increased 7% to $5.47 billion.
Adjusted earnings per share rose to $2.64 and exceeded expectations, while reported earnings per share increased to $2.45 from $2.23.
Management entered fiscal 2027 expecting revenue growth of 5% to 6% and adjusted earnings-per-share growth of 9% to 11%, reflecting the business’s resilience and continued operating leverage.
ADP’s growth strategy increasingly combines its large proprietary data set with artificial intelligence and next-generation platforms such as ADP Lyric.
The company is also integrating WorkForce Software to strengthen global workforce-management capabilities.
Employment levels and client hiring activity can influence results, but high recurring revenue and strong free cash flow reduce business volatility.
The dividend yield is moderate, yet ADP’s combination of payout growth and underlying earnings growth remains appealing for long-term dividend-growth investors.
Dividend King #8: Becton, Dickinson & Co. (BDX)
- 5-Year Expected Total Return: 14.3%
- Dividend Yield: 2.5%
Becton, Dickinson & Co. is a global medical-technology company whose products include needles, syringes, medication-management systems, catheters, and other essential healthcare supplies.
Much of its revenue is recurring because hospitals and laboratories continually consume these products.
BDX has increased its dividend for 54 consecutive fiscal years. The current quarterly payout is $1.05, or $4.20 annualized.
Second-quarter fiscal 2026 revenue increased 5.2% to $4.71 billion, or 2.6% on a currency-neutral basis.
Adjusted earnings per share were $2.90, up from a recast $2.79 in the prior-year period.
Management raised its full-year adjusted earnings-per-share outlook to $12.52 to $12.72.
The company also retired $2.1 billion of debt and initiated a $2 billion accelerated share-repurchase program, improving the capital structure after a major portfolio change.
That change was the separation of BD’s former Biosciences and Diagnostic Solutions operations and their combination with Waters.
The remaining company is more focused on medical essentials, connected care, biopharma systems, and interventional products.
The streamlined portfolio should improve BDX’s growth and margin profile over time, but execution and debt reduction remain important.
For dividend investors, the yield is meaningful. The payout consumes a manageable share of expected earnings, leaving room for continued annual increases even if near-term growth is modest.
Dividend King #7: PPG Industries (PPG)
- 5-Year Expected Total Return: 14.9%
- Dividend Yield: 2.6%
PPG Industries is one of the world’s largest coatings companies. It supplies paints, coatings, and specialty materials to aerospace, automotive, industrial, packaging, and architectural customers.
Its technology, customer relationships, and global manufacturing footprint provide competitive advantages, though results remain exposed to industrial production and raw-material inflation.
Earlier in July, PPG raised its quarterly dividend from $0.71 to $0.74, extending its annual dividend-growth streak to 55 years.
It has also paid a dividend for 512 consecutive quarters.
Second-quarter 2026 net sales increased 7% to $4.50 billion. Organic sales rose 4%, consisting of approximately 2% volume growth and 2% higher pricing.
Adjusted earnings-per-share edged up to $2.23 from $2.22, while year-to-date operating cash flow improved by roughly $220 million to nearly $600 million.
Management reaffirmed full-year adjusted earnings-per-share guidance of $7.70 to $8.10.
Performance was led by aerospace, packaging coatings, and Latin America, and eight of PPG’s nine businesses produced organic growth.
Pricing actions covered about 90% of cost inflation during the quarter, with full recovery expected by the fourth quarter.
That progress is important because margin improvement is central to the investment case.
PPG’s dividend yield is above its recent historical average, and its moderate payout ratio should support further increases as earnings recover.
Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on PPG Industries (PPG).
Dividend King #6: PepsiCo (PEP)
- 5-Year Expected Total Return: 15.6%
- Dividend Yield: 4.2%
PepsiCo owns a diversified portfolio of global snack and beverage brands, including Pepsi, Gatorade, Doritos, Lay’s, Quaker, and Cheetos.
Its scale, distribution network, and brand strength have produced durable cash flow across economic cycles.
PepsiCo has paid quarterly dividends since 1965 and has raised its annual payout for 54 consecutive years.
The quarterly dividend is now $1.48, or $5.92 annualized, following a 4% increase.
Second-quarter 2026 net revenue rose 6.4% to $24.18 billion. Core earnings per share were $2.20, while reported earnings per share were $2.18.
Constant-currency core earnings growth was modest, as productivity benefits and pricing were partly offset by input costs and uneven consumer demand.
Management nevertheless maintained its 2026 outlook for 2% to 4% organic revenue growth and 4% to 6% core constant-currency earnings-per-share growth.
The company is using automation, artificial intelligence, and a broad productivity program to simplify operations and improve margins.
These initiatives matter because North American consumers remain value-conscious, and restoring volume growth without excessive discounting is a key challenge.
PepsiCo’s current yield is the highest among the ten Dividend Kings in this ranking, providing investors with substantial income while management works to improve execution.
The main risks are slower category growth, persistent cost inflation, and weak volume trends, but the company’s brand portfolio and geographic diversification remain significant strengths.
Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on PepsiCo (PEP).
Dividend King #5: H2O America (HTO)
- 5-Year Expected Total Return: 16.0%
- Dividend Yield: 2.9%
H2O America is a regulated water utility serving customers in California, Connecticut, Maine, and Texas.
The essential nature of water service, regulated rate recovery, and long-lived infrastructure make its earnings relatively predictable.
H2O America has paid dividends for more than 80 years and has increased the payout for 58 consecutive years.
Its quarterly dividend is $0.44, equivalent to $1.76 per year.
Second-quarter 2026 revenue increased 6% to $210.5 million.
Adjusted net income rose 17% to $30.7 million, although adjusted earnings per share declined to $0.72 from $0.75 because of a higher share count.
Rate increases added $14.5 million of revenue. Management continues to expect adjusted earnings per share of $3.08 to $3.18 for 2026.
The company invested $206.9 million in infrastructure during the first half and targets $483 million for the full year as part of a $2.7 billion 2026-to-2030 capital plan.
It is also seeking approval for the $540 million acquisition of Quadvest in Texas, which would materially expand its customer base in a fast-growing state.
The transaction could be initially dilutive until new rates are approved, and financing the capital program requires careful balance-sheet management.
Still, regulated investment should expand the rate base and support long-term earnings and dividend growth.
Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on H2O America (HTO).
Dividend King #4: Pentair (PNR)
- 5-Year Expected Total Return: 16.0%
- Dividend Yield: 1.6%
Pentair provides water-treatment, flow-control, pool, and filtration products for residential, commercial, and industrial customers.
Its installed base creates recurring demand for replacement parts and aftermarket service, while long-term water-quality and efficiency needs support growth.
Pentair reached Dividend King status with its 50th consecutive annual increase, raising the quarterly dividend 8% to $0.27, or $1.08 annualized.
Near-term performance has been challenging. Preliminary second-quarter 2026 results called for sales of about $930 million, down 17% year over year, and adjusted earnings per share of about $1.12.
Pool-channel inventory destocking reduced estimated sales by roughly $170 million and segment income by about $105 million.
Management lowered its full-year sales outlook to a decline of 4% to 7% and adjusted earnings-per-share guidance to $4.60 to $4.80.
Flow and Water Solutions were generally in line with expectations.
The sharp disruption in Pool explains both the stock’s elevated expected return and its higher-than-normal uncertainty.
Pentair repurchased about $150 million of shares during the quarter, and its board has authorized a new $1 billion repurchase program.
A normalization of distributor inventories could drive a meaningful recovery, but investors should demand evidence that end-market demand remains healthy.
The dividend yield is modest, yet the low payout ratio leaves room for continued increases while the company works through the inventory correction.
Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on Pentair (PNR).
Dividend King #3: Stepan Company (SCL)
- 5-Year Expected Total Return: 16.5%
- Dividend Yield: 2.5%
Stepan Company manufactures surfactants, polymers, and specialty products used in cleaning products, agriculture, oilfield applications, insulation, and food and pharmaceutical markets.
Its diversified end markets provide some stability, but the business is cyclical and sensitive to raw-material costs and industrial demand.
Stepan has increased its dividend for 58 consecutive years. The current quarterly payout is $0.395, or $1.58 annualized.
First-quarter 2026 sales increased 2% to $604.5 million, while organic net sales rose 4% and organic volume was flat.
A $65.4 million restructuring charge produced a reported net loss, while adjusted net income declined 47% to $10.3 million.
Adjusted earnings-per-share were $0.45 versus $0.84 in the prior-year period, and adjusted EBITDA fell 14% to $49.6 million.
Free cash flow was negative $14 million due partly to working-capital needs.
Stepan is responding through Project Catalyst, a restructuring program targeting $100 million of annual pre-tax savings over two years.
The plan includes facility closures and asset rationalization, while a planned $30 million land sale should provide incremental liquidity.
Successful execution could materially improve margins and returns on capital, but restructuring costs, weak near-term earnings, and leverage add risk.
The valuation offers recovery potential, and the dividend remains an important part of the return profile, though future growth will likely stay conservative until cash flow improves.
Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on Stepan Company (SCL).
Dividend King #2: The Marzetti Company (MZTI)
- 5-Year Expected Total Return: 17.9%
- Dividend Yield: 3.6%
The Marzetti Company, formerly Lancaster Colony, manufactures specialty food products for retail and foodservice customers.
Its portfolio includes Marzetti dressings, New York Bakery products, Sister Schubert’s rolls, and licensed sauces associated with major restaurant brands.
The company has increased regular cash dividends for 63 consecutive years.
Its $1.00 quarterly dividend represents the 252nd consecutive quarterly payment since 1963, an exceptional record for a relatively small consumer-staples company.
Fiscal third-quarter 2026 sales declined 1% to $453.4 million. Retail sales fell 3.2% to $233.8 million, while Foodservice sales increased 1.5% to $219.6 million.
Gross profit reached a third-quarter record of $107.2 million, and gross margin expanded 50 basis points to 23.6%.
Net income was $37.1 million, equal to $1.35 per share. Through nine months, sales increased 2.2%, and earnings per share rose to $5.21 from $4.89.
Marzetti completed its $400 million acquisition of Bachan’s in May.
The fast-growing Japanese barbecue sauce brand adds a differentiated platform with significant retail expansion potential, but integration costs and new debt increase execution risk.
Marzetti’s strong balance sheet and foodservice relationships should help scale the brand.
The current yield is attractive relative to the company’s history, while the long dividend streak demonstrates an enduring commitment to shareholders.
Dividend King #1: S&P Global (SPGI)
- 5-Year Expected Total Return: 21.5%
- Dividend Yield: 0.9%
S&P Global provides credit ratings, financial data, indices, benchmarks, and commodity-market intelligence.
Its businesses benefit from trusted brands, recurring subscription revenue, high switching costs, and network effects.
The company has paid a dividend every year since 1937 and has increased it for 53 consecutive years.
The quarterly payout recently rose 1% to $0.97, or $3.88 annualized.
Second-quarter 2026 revenue increased 10% to $4.15 billion. Operating profit rose 17% to $1.81 billion, net income increased 14% to $1.22 billion, and diluted earnings per share advanced 18% to $4.12.
On a pro forma basis excluding Mobility, revenue grew 11% and adjusted earnings per share increased 23% to $4.83, illustrating the strength of the remaining portfolio.
S&P Global completed the spin-off of its Mobility business in July, creating a more focused company centered on data, analytics, ratings, and benchmarks.
Management expects mid-to-high-single-digit revenue growth and continued margin expansion, and it plans more than $7 billion of share repurchases in 2026.
Capital-markets activity can cause short-term volatility in Ratings, but recurring revenue across the broader portfolio provides stability.
The dividend yield is low, so the investment thesis relies primarily on earnings growth, buybacks, and valuation recovery.
Those drivers also explain why SPGI has the highest expected total return in this ranking.
Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on S&P Global (SPGI).
Detailed Analysis On All 58 Dividend Kings
You can download (for free) the most recent 3-page PDF Sure Analysis Research Database report for every Dividend King at the links below. The Dividend Kings are organized by sector for easy access.
Consumer Staples
- Altria Group (MO)
- Archer-Daniels-Midland (ADM)
- Colgate-Palmolive (CL)
- Coca-Cola (KO)
- Hormel Foods (HRL)
- Kimberly-Clark (KMB)
- Marzettig Company (MZTI)
- PepsiCo (PEP)
- Procter & Gamble (PG)
- Sysco Corporation (SYY)
- Target Corporation (TGT)
- Tootsie Roll Industries (TR)
- Universal Corporation (UVV)
- Walmart (WMT)
Industrials
- ABM Industries (ABM)
- Automatic Data Processing (ADP)
- Dover (DOV)
- Emerson Electric (EMR)
- Gorman-Rupp Co. (GRC)
- Illinois Tool Works (ITW)
- MSA Safety (MSA)
- Nordson Corporation (NDSN)
- Parker-Hannifin (PH)
- Pentair (PNR)
- Stanley Black & Decker (SWK)
- Tennant Co. (TNC)
- W.W. Grainger (GWW)
Health Care
- Abbott Laboratories (ABT)
- AbbVie Inc. (ABBV)
- Becton, Dickinson & Company (BDX)
- Johnson & Johnson (JNJ)
- Kenvue Inc. (KVUE)
Consumer Discretionary
Financials
- Commerce Bancshares Inc. (CBSH)
- Cincinnati Financial (CINF)
- Farmers & Merchants Bancorp (FMCB)
- RLI Corp. (RLI)
- S&P Global (SPGI)
- United Bankshares (UBSI)
Materials
- H.B. Fuller (FUL)
- PPG Industries (PPG)
- Nucor (NUE)
- RPM International (RPM)
- Sonoco Products (SON)
- Stepan Co. (SCL)
Energy
Real Estate
Utilities
- American States Water (AWR)
- Black Hills Corp. (BKH)
- California Water Service Group (CWT)
- Canadian Utilities (CDUAF)
- Consolidated Edison (ED)
- Fortis Inc. (FTS)
- MGE Energy (MGEE)
- Middlesex Water Company (MSEX)
- Northwest Natural Holding (NWN)
- H2O America (HTO)
Final Thoughts
The Dividend Kings are already a highly selective group.
Each company has raised its dividend for at least 50 consecutive years, navigating recessions, inflation, rising interest rates, and major shifts within its industry.
Dividend Kings satisfy the 25+ years dividend increase streak requirement for a Dividend Aristocrat twice over.
Note: Not all Dividend Kings are Dividend Aristocrats. This is because the “only” requirement to be a Dividend Kings is 50+ years of rising dividends. On the other hand, Dividend Aristocrats must have 25+ years of rising dividends, be a member of the S&P 500 Index, and meet certain minimum size and liquidity requirements.
The 10 stocks highlighted above stand out further because they pair that durability with particularly strong expected returns at current prices.
Importantly, those returns come from different sources.
- PepsiCo and The Marzetti Company offer relatively high starting yields.
- S&P Global and ADP lean more heavily on long-term earnings growth.
- Pentair and Stepan provide greater recovery potential as their near-term challenges ease.
This gives you several ways to approach the list depending on whether you prioritize current income, dividend growth, or capital appreciation.
Sure Dividend maintains similar databases on the following useful universes of stocks:
- The High Yield Dividend Kings List, which covers the Dividend Kings with the highest current yields.
- The Dividend Aristocrats: S&P 500 stocks with 25+ years of consecutive dividend increases.
- High Dividend Stocks: stocks with dividend yields of 4% or more.
- Monthly Dividend Stocks: stocks that pay dividends every month.










