Dividend Kings Dominate with Consistent Payouts and Strong Growth
Investors seeking reliable dividend payouts can turn to the Dividend Kings. This exclusive group includes Johnson & Johnson (JNJ), Coca-Cola (KO), and AbbVie (ABBV), all of which have a long history of consistently paying dividends.
Coca-Cola has been around for nearly 55 years, with a market share of over 40% in the non-alcoholic beverage industry. It has continued to post solid growth despite being mature, with 16% YoY volume growth in Coca-Cola Zero Sugar in its latest period showing its ability to keep consumers interested.
Coca-Cola currently yields 2.4% annually, crushing the current yield of the S&P 500.
AbbVie is a pharmaceutical powerhouse that separated from Abbott Laboratories and has inherited an impressive multi-decade streak of consecutive dividend increases. Its growth is anchored by industry-leading immunology drugs and a rapidly expanding oncology and aesthetics portfolio.
Sales currently yield roughly 2.6% annually, with a 5.7% five-year annualized dividend growth rate.