Many investors seek dividends as one of their objectives. Most experienced dividenders are familiar with Dividend Aristocrats. They are companies that have increased their dividend payments for at least 25-years in a row. As incredible as 25-years in a row sounds, there is another group of dividend companies that have increased their payouts for at least 50 consecutive years.
Think about that for a moment. According to the CIA Factbook, nearly three out of four Americans are 50 years-old and under. (1) The group of 50-year hikers are called Dividend Kings. Thirty-one companies can claim this throne. (2)
Just because you are a dividend investor doesn’t mean you have to give up on growth prospects. Here are three Dividend Kings with yields of 3% or more and are expected to grow sales by 10% or more in 2021.
National Fuel Gas Company (NFG)
Current Dividend Yield: 3.57% (3)
2021 Sales Growth Forecast: 30.80% (4)
Number of Years of Dividend Increases: 65 (5)
National Fuel Gas Company is a diversified energy company headquartered in Williamsville, New York, that operates an integrated collection of natural gas and oil assets across four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility.
The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States. The Pipeline and Storage segment provides interstate natural gas transportation and storage services through an integrated gas pipeline systems in Pennsylvania and New York; and owns and operates 31 underground natural gas storage fields. The Gathering segment builds, owns, and operates natural gas processing and pipeline gathering facilities in the Appalachian region, as well as provides gathering services to Seneca Resources Company, LLC. The Utility segment sells natural gas or provides natural gas transportation services to approximately 747,000 customers in Buffalo, Niagara Falls, and Jamestown, New York; and Erie and Sharon, Pennsylvania.
The Coca-Cola Company (KO)
Current Dividend Yield: 3.16% (6)
2021 Sales Growth Forecast: 11.20% (7)
Number of Years of Dividend Increases: 59 (5)
The Coca-Cola Company is a total beverage company with products sold in more than 200 countries and territories. Our company’s purpose is to refresh the world and make a difference. Our portfolio of brands includes Coca-Cola, Sprite, Fanta and other sparkling soft drinks. Our hydration, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, Powerade, Costa, Georgia, Gold Peak, Honest and Ayataka. Our nutrition, juice, dairy and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle, fairlife and AdeS.
Black Hills Corporation (BKH)
Current Dividend Yield: 3.29% (8)
2021 Sales Growth Forecast: 17.10% (9)
Number of Years of Dividend Increases: 50 (5)
Black Hills is a customer focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.3 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.
3 – https://finance.yahoo.com/quote/NFG?p=NFG
8 – https://finance.yahoo.com/quote/BKH?p=BKH
9 – https://finance.yahoo.com/quote/BKH/analysis?p=BKH