Are you familiar with the term "Dividend Kings"? These are the top-tier stocks that have consistently increased their dividends for 50 years or more. In this article, we delve into the lesser-known Dividend Kings with smaller market caps, showcasing their strength and resilience in the market.
Dividend Kings Overview
- The criteria for being a Dividend King are simple: 50 consecutive years of dividend increases.
- Currently, there are 54 Dividend Kings, with a strong sector focus on Industrials, Consumer Staples, and Utilities.
- In contrast, the technology sector is notably underrepresented among the Dividend Kings.
Dividend King You’ve Never Heard Of: Farmers & Merchants Bancorp (FMCB)
- FMCB is a community bank in California with a remarkable dividend history spanning 88 years.
- The bank’s conservative management style and strong financials position it as a well-capitalized institution.
- Despite flying under the radar, FMCB’s consistent performance is a testament to its robust business model.
Dividend King You’ve Never Heard Of: Gorman-Rupp Co. (GRC)
- With a market capitalization of $1 billion, GRC has established itself as a leader in pump manufacturing since 1933.
- The company’s global presence and focus on critical systems ensure consistent growth and sustainability.
- GRC’s recent financial results reflect resilience and growth, even in the face of challenging market conditions.
Dividend King You’ve Never Heard Of: Middlesex Water Co. (MSEX)
- MSEX, a water and wastewater utility company in New Jersey, has a rich history dating back to 1897.
- The company’s diversified business model and regulated operations contribute to its stable revenue streams.
- Middlesex Water’s strong financial performance underscores its commitment to providing essential services.
Dividend King You’ve Never Heard Of: Universal Corp. (UVV)
- UVV is a market leader in supplying leaf tobacco to consumer product manufacturers worldwide.
- The company’s diversified operations and strategic acquisitions drive revenue growth and resilience.
- Universal Corp.’s recent earnings report highlights its consistent performance and strategic positioning in the market.
Dividend King You’ve Never Heard Of: Tennant Co. (TNC)
- TNC specializes in cleaning products and solutions, holding a dominant market position in the U.S.
- The company’s global reach and focus on innovation signify its long-term growth potential.
- Tennant Co.’s latest earnings results showcase its competitive strength and commitment to delivering value to customers.
Dividend King You’ve Never Heard Of: Stepan Co. (SCL)
- A key player in chemical manufacturing, SCL serves diverse industries with its product portfolio.
- The company’s focus on organic growth and strong market presence drive its financial performance.
- Stepan Co.’s recent earnings highlight its resilience and adaptability in a dynamic market landscape.
Dividend King You’ve Never Heard Of: Northwest Natural Holding (NWN)
- NWN, a renowned natural gas utility, has a long-standing history of providing essential services.
- The company’s regional presence and operational excellence set it apart in the industry.
- Northwest Natural Holding’s recent financial results underscore its commitment to sustainability and growth.
Dividend King You’ve Never Heard Of: SJW Group (SJW)
- SJW Group, a water utility company, plays a crucial role in delivering clean water to consumers.
- The company’s innovative solutions and customer-centric approach drive its success.
- SJW Group’s recent earnings report reflects its strategic initiatives and strong financial performance.
Dividend King You’ve Never Heard Of: Tootsie Roll Industries (TR)
- TR, known for its iconic Tootsie Roll candy, has a rich heritage dating back to the late 1890s.
- The company’s product diversity and brand strength contribute to its market resilience.
- Tootsie Roll Industries’ latest financial results highlight its brand loyalty and competitive advantage.
Dividend King You’ve Never Heard Of: California Water Service Group (CWT)
- CWT, a leading water utility company, serves millions of people in various communities.
- The company’s strategic acquisitions and sustainable practices drive its growth trajectory.
- California Water Service Group’s recent earnings reflect its commitment to delivering value and service excellence.
In conclusion, these lesser-known Dividend Kings exemplify the qualities of resilience, sustainable growth, and market strength. Their consistent performance and strategic positioning make them valuable assets in any investment portfolio. Explore the world of Dividend Kings beyond the well-known names and discover hidden gems that offer long-term value and stability.
