7 Dividend Kings to Pay Your Bills in 2023

The best Dividend Kings to put in your portfolio, even better than the Dividend Aristocrats! Want higher paying dividends? Check out these 7 Highest Paying Stocks!

Most investors have heard of the Dividend Aristocrats and I’ll compare the Dividend Kings versus Aristocrats later but what makes a Dividend King, what are the requirements to make it on the list?

There’s only one criteria to become a Dividend King, at least 50 years of consecutive dividend increases . So while the Kings don’t require some of the other criteria we’ll see in the Aristocrats, increasing the dividend for 50-plus years is pretty impressive, especially considering how many companies were forced to cut their payouts in the Great Recession or during the pandemic.

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Why should you even bother with the list of Dividend Kings? Why do I like the Dividend Kings versus the Dividend Aristocrats and think every investor should add a few of these stocks?

Remember, the only criteria for a stock to be added to the Dividend Kings list is for 50 years’ of increasing dividend payments. While the requirement is only for 25 years of increasing payments to qualify as a Dividend Aristocrat, a company also has to be a member of the S&P 500 index which generally means at least a $3 billion market size. In fact, you can see the difference in size looking at the Aristocrats ETF, ticker NOBL. The average size of companies in the fund is over $90 billion! Compare that against the Dividend Kings with many between three- and five-billion but also companies like Middlesex Water at $1.5 billion and Gorman-Rupp at just $722 million market cap.

Both groups are a focus of mature companies with stable cash flows. That means more in Consumer Staples, Industrials and Financials rather than Tech stocks like you see here in the sector weights of the fund.

There’s always more Aristocrats than Kings just because of the shorter time requirement. There are 64 Dividend Aristocrats versus just 47 Dividend Kings right now. The Kings pay a slightly higher dividend yield, averaging 2.6% versus 2.4% for the Aristocrats but it’s in the smaller size companies in the Kings that I think gives it the advantage. Besides the dividend growth, you tend to get a little better price appreciation in the stocks of Dividend Kings…just enough to make it worth it to add a few to your portfolio.

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.

44 Comments

    1. ᵂ ᴴ ᴬ ᵀ ˢ ᴬ ᴾ ᴾ㈩ 𝟒𝟒𝟕𝟖𝟗𝟓𝟏𝟐𝟏𝟓𝟏𝟐 says:

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    1. Yeah the lawsuits are hitting it hard, it’s recent history is almost like Scotts Miracle Grow. If you look t both stocks the graphs almost mirror each other.

    2. Ear plug lawsuit and earnings hitting. I think most is priced into it but will probably wait for June to add to position pre spinoff

    3. @adriana Disclaimer don’t take financial advice from someone on the internet without doing research. With that said, I think 3M can bounce back. Scotts Miracle Gro, and Stanley Black & Decker have similar graph history as 3m. They reached a high in 2021 then fell down but now those two companies are slowly moving back up. I’m going to wait to see if 3M hits $80-$90 range then I’ll start buying. Because that’s like 100% rate of return for that price.

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    1. ᵂ ᴴ ᴬ ᵀ ˢ ᴬ ᴾ ᴾ㈩ 𝟒𝟒𝟕𝟖𝟗𝟓𝟏𝟐𝟏𝟓𝟏𝟐 says:

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  2. EPD, MPW, ENB, MO ENB IIPR VICI VZ RIO andLYB, are the higher yielding stocks in my portfolio. Though I don’t think chasing yield for the sake of chasing yield is a good idea I think you can select higher yield in good companies especially now as we are in what appears to be a recession.

    1. Careful about Enbridge (ENB) over 100% payout ratio in an oil boom isn’t very confidence inspiring. I sold my position in ENB about a year ago. Good call on EPD.

    1. I think it’s mostly baked into price. Might wait to June to pick up some pre spin-off

    2. Honestly, after seeing how MO weathered the storm of a 50 state lawsuit and judgment in the 100’s of Millions, and still maintaining their dividend title, I’m fairly certain 3M will be just fine…. I’m adding to my position 👍

    1. I wouldn’t buy all 7 but maybe a few you really like along with some growth stocks and some higher yield

    2. @Let’s Talk Money! with Joseph Hogue, CFA Yeah I am just curious what people’s strategies are. I believe I have a couple of them already. I definitely have Pepsi. Bought them last year. I also have KO. Your advice along with some others on youtube have really helped me since I started investing last year. Thank you.

    1. But the appreciation is better with these lower yield stocks. Still though, money market is place to be right now

  3. Hi Joseph. Fidelity is offering 4.11% in their money market fund SPAXX stating it’s a 7 day yield. Is this the same as APY? Also is there any additional risk to this fund vs. a checking or high yield savings account?

    1. Money market and 6month tbills are the way to go right now. No market risk and solid returns. Market could easily drop another 15%+ over next few months. Just not worth the risk. I’ve got 30% in cash in money market just waiting for market to cool fown

  4. Ok dividend stocks and etf’s earn good dividends, but are you really making money if the price of the stock or etf is going down? I don’t see how?

    1. A lot of investors reason that they’ll hold forever and aren’t worried as much about price but I agree with you, I’d rather have some price appreciation with the dividends

    1. ᵂ ᴴ ᴬ ᵀ ˢ ᴬ ᴾ ᴾ㈩ 𝟒𝟒𝟕𝟖𝟗𝟓𝟏𝟐𝟏𝟓𝟏𝟐 says:

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      ʟᴇᴛ’s ᴛᴀʟᴋ ʀɪɢʜᴛ ᴀᴡᴀʏ!!….

  5. Yeah nice, spotted black and decker the other month and adding it to my portfolio. Going to form a nice foundation in the years to come.

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