Dividend Kings represent a prestigious group of companies that have consistently raised their dividend payments for over 50 years, showcasing their financial strength and reliability.
Here, we highlight three prominent members of this list: American States Water Company (AWR), Dover Corporation (DOV), and Northwest Natural Gas Co (NWN), analyzing their stock performance and market potential with insights from Stock Target Advisor.
Before we dive in, we have a special offer! For a limited time, you can get 70% off Stock Target Advisor’s premium features. Claim your discount here!
1. American States Water Company (AWR)
- Stock Price: $72.16
- Dividend Yield: 2.58%
- Years of Dividend Growth: 71
American States Water Company operates in the Utilities – Regulated Water sector, serving both residential and industrial customers across California. With 71 years of consistent dividend growth, the company stands as a reliable performer.
According to analysts, the stock’s target price is set at $83.00, though Stock Target Advisor rates it as Neutral due to a balance of 9 positive signals and 9 negative signals
2. Dover Corporation (DOV)
- Stock Price: $199.15
- Dividend Yield: 1.04%
- Years of Dividend Growth: 70
Dover Corporation, part of the Specialty Industrial Machinery sector, has demonstrated resilience and consistent growth. With a 70-year streak of dividend increases, the company remains a Dividend King worthy of attention.
Analysts project an average target price of $209.18, backed by a Very Bullish rating from Stock Target Advisor, which highlights 2 positive signals.
Read More: Stocks That Pay Monthly Dividends with the Highest Dividend Yields
3. Northwest Natural Gas Co (NWN)
- Stock Price: $39.75
- Dividend Yield: 4.93%
- Years of Dividend Growth: 70
Northwest Natural Gas Cooperates in the Utilities – Regulated Gas sector, providing gas services with a long-standing commitment to dividend increases. The stock boasts 70 years of uninterrupted dividend growth, underscoring its reliability.
Analysts set a target price of $43.00 for NWN, with Stock Target Advisor’s analysis rating it as Slightly Bullish, based on 4 positive signals and 2 negative signals.
Explore other top-performing Dividend stocks to enhance your portfolio today!
Closing Thoughts:
The Dividend Kings are epitomes of stability and reliability in the stock market. While each company has its unique strengths, potential investors must weigh these against the risks identified in Stock Target Advisor’s analyses.
As long-term performers, they remain cornerstones of dividend investing, offering a blend of income and growth opportunities.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
