A stock which has had a dividend increase for more than 50 years is known as a dividend king. When a company manages to increase the dividend constantly for more than 50 years then there is almost no chance that its dividend would stop increasing or slash. When the interest rates decline, non-dividend stocks remain behind the dividend stocks. However, the data points out that the dividend stocks beat the non-dividend stocks even when the interest rates rise. A research study held via Ned Davis shows that when the rates were hiked by the Federal Reserve, S&P 500 index showed 2.2% increase. The non-dividend stock returned 1.8%. This is always advisable for you to bring diversity to your stream for income as the global financial markets are known for their volatility. The reputation of hedge funds is now tarnished as the hedge returns did not keep up with unhedged returns in the market index in the recent decade.
Let us look at HB Fuller Co which had a dividend yield of 1.2%. This company is based in Minnesota and sells the industrial adhesives at the international level. The non-GAAP EPS reported by HB was $1.06 in its fourth fiscal quarter which is $0.20 more than what Street forecasted. The revenue of the company jumped by 5.2%. The next company we will review is PPG Industries, Inc. with a dividend yield of 1.54%. It is based in Pennsylvania and recently got added in the list of dividend kings. Its dividend increased for the 50th year straight. PPG sells specialty materials, coatings, and paints and has become one of the Fortune 500 companies. The Insider Monkey tracked the hedge funds at 816 in its third quarter. Another company is Lowe’s Companies Inc which had a dividend yield of 1.39%. This company of home improvement operates around 2,370 hardware and home improvement stores. Lowe’s products include decorating, remodeling, repair, and maintenance products. This company is among the top 30 kings that you can buy this year. Its dividend increased for the 57th year straight. Do you want to know more about companies like HB Fuller Co? Visit 30 Dividend Kings of 2021 (Part I) for more information.