2026 Dividend Kings List: All 57 Ranked & Analyzed
2026 Dividend Kings List by Yield
Dividend Kings' Performance, Sector Mix, and Dividend Growth
However, in recent years the kings have not kept up with the increasingly tech-heavy S&P 500 as investors have flocked to growth stocks and AI companies.
This shortfall doesn't come as a big surprise since the group of Dividend Kings looks nothing like the S&P 500, which is nearly half made up of tech stocks (including Amazon, Meta, and Alphabet, which are technically in other sectors).
These types of businesses generally sell things that are needed regardless of the economy, either because demand is inelastic, regulatory support limits competition, switching is more trouble than it's worth, or the consequences of changing suppliers are too risky to contemplate.
While there is some survivorship bias since fallen kings like 3M and Leggett & Platt are excluded from the figures below, we expect a similar pace of dividend growth to continue over the long run.
All 57 Dividend Kings Ranked
You'll learn about each company's business to get a feel for what makes these iconic dividend growers so durable. Many of them have been around since the 1800s, and a handful have raised their payouts for over 65 straight years.
We've also included valuation metrics for each king to make it quick and easy to get some timely dividend growth stock ideas for your portfolio.
Happy hunting!
Dividend King #1: Pentair
Pentair (PNR) was founded in 1966 and provides smart and sustainable water solutions globally. The company makes pumps, filtration systems, water softeners, and pool equipment such as heaters and maintenance tools. Pentair serves diverse needs, from improving drinking water quality to maintaining pools and supporting agricultural irrigation, helping residential, commercial, and industrial customers manage and enjoy water resources efficiently.
Dividend King #2: MGE Energy
MGE Energy (MGEE), established in 2001, is a regulated utility holding company that provides electricity and natural gas service in and around Madison, Wisconsin through its main subsidiary, Madison Gas and Electric. The company earns most of its profits through state-regulated rates, which typically support steady cash flow and predictable returns.
Dividend King #3: RLI
RLI (RLI), established in 1965, is a specialty property and casualty insurer focused on niche lines such as commercial liability, professional liability, personal umbrella coverage, and surety. The company emphasizes underwriting discipline in categories that can be less commoditized than standard insurance, and it also earns investment income on its premium float, which is primarily invested in high-quality fixed income securities.
Dividend King #4: Automatic Data Processing
Automatic Data Processing (ADP) was founded in 1949 and provides payroll processing, HR software, benefits administration, and workforce management solutions for businesses of all sizes. It generates recurring revenue from payroll and HR services and also benefits from interest earned on client funds held temporarily before payroll is remitted.
Dividend King #5: United Bankshares
Dividend Growth Streak: 51 years
Dividend Safety Score: Safe
Dividend Yield: 3.2%
With roots tracing back to 1839, United Bankshares (UBSI) is a regional bank offering commercial and retail banking services. It is the parent company of United Bank, which is the largest community bank in the D.C. Metropolitan region and has a presence in several surrounding states. The bank's products include checking and savings accounts, loans for businesses and individuals, mortgages, and credit cards. United Bankshares also offers wealth management, trust, and other fee-based financial services.
Dividend King #6: Consolidated Edison
Consolidated Edison (ED) was formed in 1823 as the New York Gas Light Company, providing gas rather than whale oil to power New York's street lamps. The utility now provides energy for the 10 million people who live in and around New York City. Almost all of Con Ed's earnings are generated from regulated activities involving the transmission and distribution of electric, gas, and steam power.
Dividend King #7: Fortis
Founded in 1885, Fortis (FTS) is a leading electric and gas utility company serving customers primarily in Canada (British Columbia, Alberta, Newfoundland) and the United States (numerous Midwest states, New York, and Arizona). With operations spanning electricity generation, transmission, and distribution, Fortis supplies power to over 3 million customers and operates thousands of miles of distribution lines and gas pipelines.
Dividend King #8: S&P Global
Founded in 1860, S&P Global (SPGI) provides credit ratings, market indices, financial data, and analytics used widely across capital markets. Its businesses include ratings, index licensing, commodity and energy data, and other information services that benefit from recurring subscriptions and long-term customer relationships.
Dividend King #9: Walmart
With roots tracing back to 1945, Walmart (WMT) is the world's largest retailer, anchored by groceries and everyday essentials sold through supercenters, neighborhood stores, and e-commerce. It also operates Sam’s Club and has expanded higher-margin businesses such as advertising, delivery, and membership services.
Dividend King #10: Archer Daniels Midland
Established in 1902, Archer Daniels Midland (ADM) processes agricultural commodities such as corn, wheat, and oilseeds into ingredients used in food, animal feed, and industrial products. The company earns money through a mix of merchandising, processing margins, and value-added nutrition offerings.
Dividend King #11: Kimberly-Clark
Kimberly-Clark (KMB), founded in 1872 as a paper mill in Wisconsin, is now a leading maker of tissue and hygiene products. About 25% of the global population uses its brands daily, including Huggies, Kleenex, Cottonelle, Scott, and Kotex. Half of its sales come from personal care items like diapers and wipes, while the rest includes tissues, toilet paper, paper towels, and workplace hygiene products. Kimberly-Clark sells primarily to supermarkets, mass merchandisers, and drugstores.
Dividend King #12: Nucor
Founded in 1940, Nucor (NUE) is the largest manufacturer of steel products in North America and America's largest steel recycler. It produces steel products used in construction, manufacturing, and automotive markets, and its flexible mill-based model can help it respond to changing demand.
Dividend King #13: PepsiCo (PEP)
The first Pepsi soda was created in 1898 by a pharmacist in North Carolina, inspired by Coca-Cola's recent success. The drink quickly gained popularity, and in 1902, the Pepsi-Cola Company was officially incorporated. Today, PepsiCo (PEP) is a global leader in various snack and beverage categories and boasts more than 20 brands that each generate over a billion dollars in sales, including Frito's, Gatorade, Mountain Dew, Quaker, Lay's, Cheetos, Bubly, Aquafina, and Rockstar.
Dividend King #14: RPM
Established in 1947, RPM (RPM) sells specialty coatings, sealants, and building materials used in construction, maintenance, and industrial applications. Its portfolio includes well-known brands such as Rust-Oleum, DAP, Tremco, and Varathane, and the company has historically expanded through acquisitions of niche product leaders.
Dividend King #15: AbbVie
AbbVie (ABBV) was formed in 2013 when healthcare giant Abbott Laboratories spun off its branded biopharma business. AbbVie has remained focused on branded prescription drugs across immunology, oncology, neuroscience, and other categories. Growth has increasingly been supported by newer therapies beyond Humira, including key immunology products.
Dividend King #16: Abbott
Founded in 1888, Abbott (ABT) sells medical devices, diagnostics, nutritional products, and branded generic pharmaceuticals around the world. Major franchises include diabetes monitoring, cardiovascular devices, lab diagnostics, and nutrition brands such as Ensure and Similac.
Dividend King #17: Becton Dickinson
Founded in 1897, Becton Dickinson (BDX) supplies a wide range of medical devices and consumables used in hospitals, clinics, and laboratories. Its portfolio includes syringes, needles, infusion systems, specimen collection tools, and diagnostic products, many of which are recurring-use items.
Dividend King #18: Canadian Utilities
Incorporated in 1927, Canadian Utilities (CDUAF) is a utility company majority owned by ATCO with regulated operations focused mainly in Alberta. The business includes electric transmission and distribution and natural gas distribution and pipelines, and most earnings are generated from regulated rate frameworks that support stable cash flow.
Dividend King #19: Gorman-Rupp
Gorman-Rupp (GRC), founded in 1933, designs and manufactures pumps and pumping systems used in water and wastewater, industrial fluid handling, construction dewatering, agriculture, and other niche applications. The company benefits from a large installed base of mission-critical equipment, which can support recurring aftermarket parts and replacement demand.
Dividend King #20: W.W. Grainger
Established in 1927, W.W. Grainger (GWW) distributes maintenance, repair, and operating products to businesses and institutions. It benefits from broad product availability, reliable fulfillment, and a strong mix of online and branch distribution serving diverse end markets.
Dividend King #21: Illinois Tool Works
Formed in 1912, Illinois Tool Works (ITW) is a diversified industrial manufacturer selling specialized products into categories such as automotive components, food equipment, welding, adhesives, and construction products. The company focuses on high-margin niche positions and operational discipline across its portfolio.
Dividend King #22: Middlesex Water
With roots tracing to 1897, Middlesex Water (MSEX) provides regulated water and wastewater services, primarily in New Jersey and Delaware. The company owns and operates water distribution infrastructure and also performs contracted water and wastewater operations for certain municipal and other customers.
Dividend King #23: PPG
PPG (PPG), founded in 1883, manufactures paints and coatings used in industrial, automotive, aerospace, packaging, and architectural applications. Its products protect surfaces, improve durability, and enhance appearance, with demand tied to manufacturing activity and renovation cycles.
Dividend King #24: Target
Established in 1902, Target (TGT) is a major U.S. retailer selling general merchandise and essentials, including apparel, home goods, beauty, and groceries. It operates a national store footprint and a large digital platform, with a brand identity centered on value and style.
Dividend King #25: Tennant
Established in 1870, Tennant (TNC) designs and manufactures floor cleaning equipment such as scrubbers and sweepers for commercial and industrial customers. The company also generates meaningful recurring revenue from aftermarket parts, service, and consumables tied to its installed base of machines.
Dividend King #26: Black Hills
With roots tracing to 1883, Black Hills (BKH) is a regulated utility that provides electric and natural gas service to customers across several states, primarily in the Midwest and Mountain West. Most earnings come from regulated utility operations supported by ongoing infrastructure investment and rate-based returns.
Dividend King #27: H.B. Fuller
Established in 1887, H.B. Fuller (FUL) makes adhesives and sealants used in packaging, hygiene products, construction, and various industrial applications. The company sells specialized formulations to manufacturers and builders, and demand is tied to end markets such as consumer packaging, building products, and durable goods.
Dividend King #28: Altria
Altria's (MO) history stretches back to 1854 when British tobacconist Philip Morris made his first cigarette. Altria is now America's largest tobacco company and derives most of its income from traditional cigarettes, led by the Marlboro brand. The firm has also made smaller ventures into vaping, nicotine pouches, and heated tobacco, though these smoke-free nicotine products face much more dynamic competitive environments than Altria's core cigarette business.
Dividend King #29: National Fuel Gas
The National Fuel Gas company (NFG) dates back to 1821, when America's first natural gas well was drilled and used to fuel street lights in a small town in western New York. Today, NFG is a diversified natural gas company with businesses spanning regulated utility distribution and midstream pipelines and storage, plus an upstream exploration and production operation. Because a meaningful portion of earnings comes from unregulated gas production and gathering, results are more commodity-sensitive than a typical regulated utility.
Dividend King #30: Universal
Universal (UVV), founded in 1918, is a global tobacco leaf merchant that sources, processes, and sells tobacco leaf to major cigarette manufacturers. It works with a large network of farmers and customers worldwide, and most revenue is generated outside the United States.
Dividend King #31: Sysco
Founded in 1969, Sysco (SYY) is the largest foodservice distributor, supplying restaurants, healthcare facilities, schools, and other institutions. It earns profits through scale purchasing, logistics efficiency, and service levels, with demand tied to food-away-from-home activity.
Dividend King #32: ABM
Founded in 1909, ABM (ABM) provides outsourced facility services such as janitorial, engineering, and maintenance work for offices, airports, hospitals, schools, and industrial sites. The business is labor-intensive and relationship-driven, with recurring contracts that can produce steady revenue across economic cycles.
Dividend King #33: Commerce Bancshares
Founded in 1865, Commerce Bancshares (CBSH) is a regional bank holding company operating across Missouri, Kansas, Illinois, Oklahoma, and Colorado. The company offers a comprehensive range of financial services, including retail and commercial banking, mortgage banking, investment management, securities brokerage, and private banking.
Dividend King #34: California Water Service
Founded in 1926, California Water Service (CWT) provides regulated water and wastewater services primarily in California but also has smaller operations in Washington, New Mexico, Hawaii, and Texas. Serving over 500,000 customer connections, the company focuses on water production, treatment, storage, and distribution for residential, industrial, and fire protection needs.
Dividend King #35: Federal Realty
Founded in 1962, Federal Realty (FRT) is one of the oldest REITs in the world. The company owns over 100 shopping centers and mixed-use properties located primarily in coastal markets such as Silicon Valley, New York, and Washington, D.C. Most of the firm's centers have a grocery component that drives consistent foot traffic for Federal Realty's retail tenants, which include drugstores, restaurants, apparel retailers, gyms, banks, and home furnishings stores. The firm also owns some apartments and offices.
Dividend King #36: H2O America
Incorporated in 1985 and formerly known as SJW, H2O America (HTO) is a regulated water utility serving parts of California, Connecticut, and Texas. The company focuses on water sourcing, treatment, storage, and distribution, and it also has smaller non-regulated activities such as contracted services and certain real estate and lease income tied to its infrastructure footprint.
Dividend King #37: Stanley Black & Decker
Founded in 1843, Stanley Black & Decker (SWK) sells power tools, hand tools, and outdoor products under brands such as DeWalt, Craftsman, and Black+Decker. Demand is influenced by construction activity and consumer DIY spending, while the company also has a smaller industrial-focused business.
Dividend King #38: MSA Safety
Founded in 1914, MSA Safety (MSA) makes safety equipment used by firefighters and industrial workers, including gas detection systems, breathing apparatus, head protection, and fall protection. The company benefits from recurring demand for replacement gear, service, and consumables tied to safety standards and compliance requirements.
Dividend King #39: Stepan
Founded in 1932, Stepan (SCL) produces specialty chemicals, with surfactants used in cleaning and personal care products as its largest business. It also makes polymers used in rigid foam insulation and other industrial applications, giving the company exposure to both consumer and construction-related demand.
Dividend King #40: Tootsie Roll
Founded in 1896, Tootsie Roll (TR) makes and sells branded confectionery products such as Tootsie Rolls, Tootsie Pops, Dots, Junior Mints, and Charleston Chew. The company distributes mainly through grocery, convenience, and dollar channels and benefits from long-lived brands and a relatively simple product set.
Dividend King #41: Hormel Foods
Hormel Foods (HRL) was founded in 1891 and is a branded food company focused on packaged meats, refrigerated foods, and convenient meal solutions. Its portfolio includes well-known brands such as Spam, Applegate, Jennie-O, and Skippy, with distribution across retail and foodservice.
Dividend King #42: Colgate-Palmolive
Founded in 1806, Colgate-Palmolive (CL) sells oral care, personal care, home care, and pet nutrition products globally, led by Colgate toothpaste and Hill’s pet food. A large share of revenue comes from international markets, including many emerging economies.
Dividend King #43: Farmers & Merchants Bancorp
Founded in 1916, Farmers & Merchants Bancorp (FMCB) is a California community bank that takes deposits and makes loans to consumers and small and mid-sized businesses, including real estate and agricultural lending. It also offers standard banking services such as online banking, cash management, and certain wealth and investment products.
Dividend King #44: Coca-Cola
Coca-Cola (KO), founded in 1892, is a leading global beverage corporation. It offers a diverse portfolio of over 200 drink brands, including Coca-Cola, Diet Coke, Sprite, Fanta, Dasani, and Minute Maid, available in more than 200 countries. The firm operates on a franchised distribution system, producing syrup concentrate sold to licensed bottlers worldwide, who then manufacture, package, and distribute the finished beverages.
Dividend King #45: Marzetti
Founded in 1961 and formerly known as Lancaster, Marzetti (MZTI) sells specialty food products to retailers and restaurants in the United States. The firm's key brands include New York Bakery frozen garlic breads, Sister Schubert’s dinner rolls, and Marzetti salad dressings, croutons, dips, and pasta. The company also produces dressings and sauces under brand licenses for Olive Garden, Buffalo Wild Wings, and Chik-fil-A.
Dividend King #46: Nordson
Incorporated in 1954, Nordson (NDSN) makes precision dispensing and processing equipment used to apply adhesives, coatings, and other materials in manufacturing. It serves end markets like packaging, electronics, and medical devices, and it also sells certain inspection and test systems.
Dividend King #47: Johnson & Johnson
Established in 1886, Johnson & Johnson (JNJ) is a global healthcare company focused on pharmaceuticals and medical technology. It develops branded drugs in areas such as oncology and immunology and sells medical devices used in surgery, orthopedics, and vision care.
Dividend King #48: Kenvue
Kenvue (KVUE) was separated from Johnson & Johnson in 2022 and sells consumer health products, including Tylenol, Listerine, Band-Aid, and Neutrogena. The firm is in the process of being acquired by Kimberly Clark.
* Note: S&P added Kenvue to the dividend aristocrats index in August 2023 after the consumer healthcare firm was spun off by Johnson & Johnson. Kenvue was given credit for J&J's dividend growth streak.
Dividend King #49: Cincinnati Financial
Established in 1950, Cincinnati Financial (CINF) is a property and casualty insurer selling commercial and personal coverage, plus surety and life insurance products. Earnings come from underwriting results and investment income, with performance influenced by catastrophe losses and market conditions.
Dividend King #50: Lowe's
Founded in 1921, Lowe's (LOW) is a leading home improvement retailer selling building materials, tools, appliances, and home goods to homeowners and professionals. It generates revenue through a large store base and digital channels, with demand tied to home repair, remodeling, and construction activity.
Dividend King #51: Genuine Parts
Founded in 1928, Genuine Parts (GPC) distributes automotive and industrial replacement parts through brands such as NAPA and other international operations. Its business benefits from ongoing maintenance needs, since vehicles and equipment require parts regardless of the economic cycle. Note that the firm is separating its auto and industrial businesses into two companies, with the split expected to take place in early 2027.
Dividend King #52: Dover
Dover (DOV), established in 1947, is a diversified industrial company selling equipment and components across areas such as fueling and convenience retail systems, fluid handling, refrigeration, identification and coding, and engineered products. It operates through multiple specialized platforms that serve a wide range of industrial end markets.
Dividend King #53: Procter & Gamble
With roots tracing back to 1837, Procter & Gamble (PG) is among the oldest dividend aristocrats. The company is one of the world's largest manufacturers of laundry detergents, baby wipes, diapers, paper towels, cleaning products, shampoos, deodorants, toothpaste, and other consumer goods. Some of the firm's top brands include Luvs, Pampers, Tampax, Charmin, Downy, Tide, Cascade, Dawn, Febreze, Head & Shoulders, Old Spice, Pantene, Gillette, Braun, Crest, and Oral-B. Around half of P&G's sales occur outside of North America.
Dividend King #54: Parker-Hannifin
Founded in 1917, Parker-Hannifin (PH) makes motion and control technologies such as hydraulics, pneumatics, filtration, and fluid connectors used in industrial and aerospace applications. The company benefits from a large installed base that can generate recurring aftermarket parts and service demand.
Dividend King #55: Emerson Electric
Incorporated in 1890, Emerson Electric (EMR) provides industrial automation and control solutions, including measurement instruments, valves, software, and systems that help factories and process industries operate more efficiently. Its customers include energy, chemicals, refining, pharmaceuticals, and other process-oriented industries.
Dividend King #56: Northwest Natural
Northwest Natural (NWN), founded in 1859, is a regulated natural gas utility serving customers primarily in Oregon and southwest Washington. The company has also expanded into regulated water and wastewater utilities, which adds a second steady, infrastructure-oriented revenue stream.
Dividend King #57: American States Water
Founded in 1929, American States Water (AWR) is a regulated water utility serving communities in California, and it also operates a small regulated electric utility in the state. In addition, the company provides water and wastewater services on U.S. military bases under long-term contracts, which can add stability to cash flow.
Closing Thoughts on Dividend Kings
Many of these business generate consistent cash flow, maintain conservative balance sheets, and have shareholder-friendly management teams.
Investors considering dividend kings just have to be confident that the future remains as bright as the past for these time-tested dividend growth stocks.
By the way, many of the people interested in dividend kings are retirees looking to generate safe, growing income from dividend-paying stocks.
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