The High 10 Dividend Kings You have By no means Heard Of

Revealed on November twenty sixth, 2024 by Bob Ciura
Spreadsheet data updated every day

The Dividend Kings are the best-of-the-best in dividend longevity.

What’s a Dividend King? A stock with 50 or further consecutive years of dividend will enhance.

We’ve compiled a listing that options every Dividend King. You probably can see the full downloadable spreadsheet of all 54 Dividend Kings (along with important financial metrics equal to dividend yields, payout ratios, and price-to-earnings ratios) by clicking on the hyperlink beneath:

The Dividend Kings guidelines accommodates a lot of mega-cap shares which have enormous firms, equal to Walmart Inc. (WMT) and Coca-Cola (KO).

Nonetheless there are moreover smaller companies which have generated sturdy shareholder returns, and have elevated their dividends for over 50 years.

The following 10 shares symbolize the Dividend Kings with the smallest market caps.

Desk of Contents

Dividend Kings Overview

The requirements to be a Dividend King are comparatively straightforward: 50 consecutive years of dividend will enhance. In distinction to the Dividend Aristocrats, there aren’t any totally different requirements.

There are at current 54 Dividend Kings. The Dividend Kings are overweight inside the Industrials, Shopper Staples, and Utilities sectors. On the same time, the Dividend Kings guidelines is underweight the know-how sector.

The following half lists the ten Dividend Kings with the smallest market caps.

Dividend King You’ve In no way Heard Of: Farmers & Retailers Bancorp (FMCB)

Farmers & Retailers Bancorp is a regionally owned and operated group monetary establishment with 32 areas in California. On account of its small market cap and its low liquidity, it passes beneath the radar of most merchants.

F&M Monetary establishment has paid uninterrupted dividends for 88 consecutive years and has raised its dividend for 59 consecutive years.

In mid-October, F&M Monetary establishment reported (10/17/24) financial outcomes for the third quarter of fiscal 2024. The monetary establishment grew its adjusted earnings-per-share 2.5% over the prior 12 months’s quarter, from $29.23 to $29.96.

It posted 4% improvement of loans and flat deposits. Internet curiosity income dipped -3% because of a contraction of net curiosity margin from 4.17% to 4.07% amid bigger deposit costs.

F&M Monetary establishment is a prudently managed monetary establishment, which has on a regular basis centered a conservative capital ratio. The monetary establishment at current has a whole capital ratio of 14.95%, which leads to the most effective regulatory classification of “properly capitalized.”

Moreover, its credit score rating top quality stays exceptionally sturdy, as there are terribly few non-performing loans and leases in its portfolio.

Click on on proper right here to acquire our newest Sure Analysis report on FMCB (preview of net web page 1 of three confirmed beneath):

Dividend King You’ve In no way Heard Of: Gorman-Rupp Co. (GRC)

Gorman-Rupp began manufacturing pumps and pumping strategies once more in 1933. Since that time, it has grown into an enterprise chief with annual product sales of just about $700 million and a market capitalization of $1 billion.

As we converse, Gorman-Rupp is a centered, space of curiosity producer of essential strategies that many industrial purchasers depend on for his or her very personal success.

Gorman Rupp generates about one-third of its complete earnings from outdoor of the U.S.

Provide: Investor Presentation

Gorman-Rupp posted third quarter earnings on October twenty fifth, 2024. Outcomes had been weaker than the analysts’ estimates nevertheless nonetheless they mirrored sturdy improvement over the prior 12 months.

Revenue grew marginally (0.4%), from $167.5 million to $168.2 million, as worth hikes offset a decrease in volumes.

Adjusted earnings-per-share of $0.49 missed the analysts’ consensus by $0.06, nevertheless they’d been 44% bigger than these inside the prior 12 months’s interval. The sturdy effectivity resulted primarily from worth hikes and reduce enter costs.

Click on on proper right here to acquire our newest Sure Analysis report on GRC (preview of net web page 1 of three confirmed beneath):

Dividend King You’ve In no way Heard Of: Middlesex Water Co. (MSEX)

Middlesex Water Agency was formed in 1897, making the company one in every of many oldest water and wastewater utility names inside the U.S. The company has operations primarily in New Jersey, and annual earnings of roughly $180 million.

Like plenty of its pals, Middlesex is primarily centered on the regulated portion of its enterprise.

Provide: Investor Presentation

Middlesex gives major water-related suppliers to shoppers, equal to selling, distributing, gathering, and treating water. The non-regulated enterprise accommodates service contracts that embrace the operation and maintenance of municipal personal water and wastewater strategies in New Jersey and Delaware.

The overwhelming majority of earnings comes from the regulated side. One in every of its largest service areas accommodates Middlesex County, the place the company gives water suppliers to over 61,000 retail shoppers. This enterprise contributed ~60% of earnings closing 12 months.

Middlesex reported third-quarter earnings in late October. Revenue grew 18% over the prior 12 months’s quarter and earnings per share grew 43%, from $0.56 to $0.80, exceeding the analysts’ estimates by $0.12.

Click on on proper right here to acquire our newest Sure Analysis report on MSEX (preview of net web page 1 of three confirmed beneath):

Dividend King You’ve In no way Heard Of: Frequent Corp. (UVV)

Frequent Firm is a market chief in supplying leaf tobacco and totally different plant-based inputs to shopper product producers.

The Tobacco Operations part buys and sells tobacco used to make cigarettes, cigars, pipe tobacco, and smokeless merchandise.

Frequent buys tobacco from its suppliers, processes it, and sells it to huge tobacco companies inside the US and internationally.

Provide: Investor Presentation

The Ingredient Operations deal primarily with greens and fruits nevertheless is significantly smaller than the tobacco operations. Frequent has been rising this enterprise via acquisitions starting in 2020.

Frequent Firm reported its second quarter earnings outcomes on November 7. The company generated revenues of $710 million all through the quarter.

Furthermore, Frequent Firm purchased carryover crops all through the interval, which added to the company’s earnings effectivity.

Click on on proper right here to acquire our newest Sure Analysis report on Frequent (preview of net web page 1 of three confirmed beneath):

Dividend King You’ve In no way Heard Of: Tennant Co. (TNC)

Tennant Agency is a gear agency that produces cleaning merchandise and that gives cleaning choices to its shoppers.

Inside the US, the company holds the market administration place in its enterprise, nevertheless the agency moreover sells its merchandise in extra than 100 additional worldwide areas throughout the globe.

Provide: Investor Presentation

Tennant Agency reported its third quarter earnings outcomes on October thirty first. The company launched that it generated revenues of $316 million all through the quarter, which was 4% better than the best line amount from the sooner 12 months’s quarter.

This was barely increased than the newest sample, as earnings had grown a lot much less on a year-over-year basis all through the sooner quarter. Revenues had been lower as compared with what the analyst group had forecasted.

Tennant Agency generated adjusted earnings-per-share of $1.39 all through the third quarter, which was decrease than what the analyst group had forecasted, and which was down 10% as compared with the sooner 12 months.

Click on on proper right here to acquire our newest Sure Analysis report on TNC (preview of net web page 1 of three confirmed beneath):

Dividend King You’ve In no way Heard Of: Stepan Co. (SCL)

Stepan manufactures major and intermediate chemical substances, along with surfactants, specialty merchandise, germicidal and materials softening quaternaries, phthalic anhydride, polyurethane polyols and explicit substances for the meals, complement, and pharmaceutical markets.

It’s organized into three distinct enterprise strains: surfactants, polymers, and specialty merchandise. These firms serve all types of end markets, which signifies that Stepan is simply not beholden to a handful of industries; an important trait all through an monetary downturn.

Provide: Investor presentation

The surfactants enterprise is Stepan’s largest by earnings, accounting for ~68% of complete product sales within the latest quarter. A surfactant is an pure compound that comes with every water-soluble and water-insoluble elements.

Stepan posted third quarter earnings on October thirtieth, 2024, and outcomes had been blended. Adjusted earnings-per-share obtained right here in properly ahead of expectations at $1.03, which was 38 cents increased than anticipated. Revenue, nonetheless, was off nearly 3% year-over-year to $547 million, and missed estimates by over $30 million.

Worldwide product sales amount fell 1% year-over-year, as double-digit improvement in a lot of of the company’s Surfactant end markets had been completely offset by demand weak spot in Polymers.

Click on on proper right here to acquire our newest Sure Analysis report on SCL (preview of net web page 1 of three confirmed beneath):

Dividend King You’ve In no way Heard Of: Northwest Pure Holding (NWN)

Northwest was primarily based over 160 years prior to now as a pure gasoline utility in Portland, Oregon.

It has grown from a very small, native utility that supplied gasoline service to a handful of customers to a very worthwhile regional utility with pursuits that now embrace water and wastewater, which had been purchased in newest acquisitions.

The company’s areas served are confirmed inside the image beneath.

Provide: Investor Presentation

Northwest gives gasoline service to 2.5 million shoppers in ~140 communities in Oregon and Washington, serving better than 795,000 connections. It moreover owns and operates ~35 billion cubic toes of underground gasoline storage functionality.

Northwest Pure Holding Agency reported a third-quarter 2024 net lack of $27.2 million, or $0.71 per share, as compared with an internet lack of $23.7 million, or $0.65 per share, within the equivalent interval in 2023. Revenue was $136.93 million, a 3.21% year-over-year decrease, nevertheless exceeded expectations by $4.47 million.

For the first 9 months of 2024, net income was $33.9 million, or $0.88 per share, down from $49.2 million, or $1.37 per share, for the same interval in 2023.

Click on on proper right here to acquire our newest Sure Analysis report on NWN (preview of net web page 1 of three confirmed beneath):

Dividend King You’ve In no way Heard Of: SJW Group (SJW)

SJW Group is a water utility agency that produces, purchases, outlets, purifies and distributes water to consumers and corporations inside the Silicon Valley area of California, the realm north of San Antonio, Texas, Connecticut, and Maine.

SJW Group has a small precise property division that owns and develops properties for residential and warehouse shoppers in California and Tennessee. The company generates about $670 million in annual revenues.

Provide: Investor Presentation

On October twenty eighth, 2024, SJW Group reported third quarter outcomes for the interval ending June thirtieth, 2024. For the quarter, earnings grew 9.9% to $225.1 million, beating estimates by $11.6 million. Earnings-per-share of $1.18 in distinction favorably to earnings-per-share of $1.13 inside the prior 12 months and was $0.04 better than anticipated.

As with prior intervals, the event in earnings was principally because of SJW Group’s California and Connecticut firms, which benefited from bigger water expenses, whereas improvement in shoppers aided the Texas enterprise.

Bigger expenses common added $40 million to outcomes for the quarter, bigger purchaser utilization added $4.8 million, and improvement in shoppers contributed $2.4 million. Working manufacturing payments totaled $166.7 million, which was a 12% enhance from the prior 12 months.

Click on on proper right here to acquire our newest Sure Analysis report on SJW (preview of net web page 1 of three confirmed beneath):

Dividend King You’ve In no way Heard Of: Tootsie Roll Industries (TR)

Tootsie Roll Industries, Inc. traces its roots to the late 1890’s when its namesake product, the Tootsie Roll, was first created. As we converse, the company sells a better variety of candy and gum merchandise. Completely different well-known producers embrace DOTS, Junior Mints, Andes, Charms, Blow-Pops, Sugar Daddy, and Dubble Bubble.

Tootsie Roll has a twin class share development with the Chairwoman and CEO, Ellen R. Gordon proudly proudly owning roughly 57.1% of frequent stock and 82.8% of Class B shares, efficiently giving her administration of the company. Full earnings in 2023 was about $763 million.

Tootsie Roll reported Q3 2024 outcomes on October twenty third, 2024. Internet product sales had been down 10% to $223.9M for the quarter versus $248.3M inside the prior 12 months. Within the equivalent interval, net earnings fell to $32.8M as compared with $34.4M. Diluted EPS decreased 4% to $0.46 per share from $0.48 on a year-over-year basis.

The company’s aggressive profit is the mannequin energy of its core product, the Tootsie Roll, and its lack of direct opponents given the distinctiveness of the product. A lot of the agency’s totally different producers are moreover well-known.

Click on on proper right here to acquire our newest Sure Analysis report on TR (preview of net web page 1 of three confirmed beneath):

Dividend King You’ve In no way Heard Of: California Water Service Group (CWT)

California Water Service is a water stock and is the third-largest publicly-owned water utility within the US.

It was primarily based in 1926 and has six subsidiaries that current water to roughly 2 million of us in 100 communities, primarily in California however moreover in Washington, New Mexico and Hawaii.

Provide: Investor Presentation

California Water Service reported its third quarter earnings outcomes on October thirty first. Working revenues totaled $300 million all through the quarter, which was 18% bigger than the equivalent quarter closing 12 months. This represents a stronger effectivity as compared with what the analyst group had forecasted.

The working earnings enhance was pushed by charge will enhance over the past 12 months along with by bigger accrued unbilled earnings as compared with the sooner 12 months’s quarter.

Click on on proper right here to acquire our newest Sure Analysis report on CWT (preview of net web page 1 of three confirmed beneath):

Additional Finding out

The Dividend Aristocrats are among the many many best dividend improvement shares to buy and keep for the long run. Nonetheless the Dividend Aristocrats guidelines is simply not the one approach to quickly show for shares that always pay rising dividends.

We’ve compiled a finding out guidelines for further dividend improvement stock investing ideas: