There were two companies, which became dividend kings in 2013 – Colgate Palmolive (CL) and Nordson Corp (NDSN). This brings the total number of components to 17, which I believe is a record. There were no deletions in 2013, as no components cut distributions. The two new additions include:
Colgate-Palmolive Company (CL), together with its subsidiaries, manufactures and markets consumer products worldwide. The company operates in two segments: Oral, Personal and Home Care; and Pet
Nutrition. Over the past decade, the company has managed to raise dividends by 11.40%/year. Currently, shares are overvalued at 26.70 times earnings and yield 2.10%. Check my analysis of Colgate-Palmolive for more information on the company.
Nordson Corporation (NDSN) engineers, manufactures, and markets products and systems for dispensing and processing adhesives, coatings, polymers, sealants, biomaterials, fluid management, testing and inspection, surface treatment, and curing. Over the past decade, the company has managed to raise dividends by 8.10%/year. Currently, shares are overvalued at 21 times earnings and yield 1%.
Given the fact that the next companies that are close to the 50 year mark have only raised distributions for 48 years in a row, it looks like there won’t be any additions until sometime in 2016. If there is a change in the list prior to that, it would only be because a component cuts or freezes distributions.
The other components of the index include:
Name | Symbol | Dividend Streak Yrs | 10 year Div Growth | 10 year EPS Growth | P/E | Yield |
American States Water | AWR | 59 | 5.6% | 7.7% | 17.35 | 2.9% |
Cincinnati Financial | CINF | 53 | 6.4% | 6.9% | 14.2 | 3.3% |
Colgate-Palmolive Co. | CL | 50 | 11.4% | 8.9% | 26.9 | 2.1% |
Diebold Inc. | DBD | 60 | 5.4% | -3.5% | - | 3.4% |
Dover Corp. | DOV | 58 | 9.8% | 15.9% | 16.85 | 1.6% |
Emerson Electric | EMR | 57 | 7.7% | 7.8% | 24.66 | 2.5% |
Genuine Parts Co. | GPC | 57 | 6.2% | 7.0% | 18.3 | 2.6% |
Johnson & Johnson | JNJ | 51 | 10.8% | 6.0% | 21.07 | 2.8% |
Coca-Cola Company | KO | 51 | 9.8% | 9.4% | 20.49 | 2.8% |
Lancaster Colony Corp. | LANC | 51 | 6.9% | 2.5% | 21.77 | 2.0% |
Lowe's Companies | LOW | 51 | 29.2% | 10.0% | 23.28 | 1.4% |
3M Company | MMM | 56 | 6.8% | 9.8% | 20.69 | 2.5% |
Nordson Corp. | NDSN | 50 | 8.1% | 20.1% | 20.72 | 1.0% |
Northwest Natural Gas | NWN | 58 | 3.7% | 3.2% | 18.57 | 4.4% |
Procter & Gamble Co. | PG | 57 | 10.6% | 9.6% | 20.33 | 3.0% |
Parker-Hannifin Corp. | PH | 57 | 13.4% | 23.6% | 19.94 | 1.4% |
Vectren Corp. | VVC | 54 | 2.5% | 1.4% | 22.61 | 4.0% |
Again, this list is not a recommendation to buy these shares. Businesses do change over time, as models are subjects to competitive pressures and constant changes in the business environment.
Relevant Articles:
- The Dividend Kings List Keeps Expanding
- Colgate-Palmolive (CL) Dividend Stock Analysis 2012
- Eleven Dividend Kings, Raising dividends for 50+ years
- A long streak of dividend growth is an indication of a business with exceptional fundamentals
- Complete List of Articles on Dividend Growth Investor
It would be cool to see a valuation column for these securities - a "buy below this price" recommendation.
ReplyDeleteVery interesting list.
ReplyDeleteHave you kept record for say one or two years?
Would be interesting to have a look back at the yield on american common stocks in particular. Have a feeling we're on low levels from a historical perspective?
Hi Ryan,
ReplyDeleteThanks for stopping by! I do not provide investment recommendations on this site. This blog is for information/entertainment purposes only. I talk about what I think about investments, which may or may not be profitable. I do screen companies using entry criteria, after which I analyze each one by one.
http://www.dividendgrowthinvestor.com/2011/03/my-entry-criteria-for-dividend-stocks.html
SWC,
Thanks for stopping by. I have discussed the dividend kings list before:
http://www.dividendgrowthinvestor.com/2012/01/eleven-dividend-kings-raising-dividends.html
http://www.dividendgrowthinvestor.com/2013/01/the-dividend-kings-list-keeps-expanding.html
I do not look at overall levels of yields/P/E etc. I typically look for individual companies.
Best Regards,
DGI
Any opinion on DBD? Since following Dividend Growth investing via the dividend champions they have been unprofitable (neg P/E)...when do they cut?
ReplyDeleteI last analyzed DBD in 2011:
ReplyDeletehttp://www.dividendgrowthinvestor.com/2011/10/diebold-dbd-dividend-stock-analysis.html
I didn't like the trends in EPS. Seems like DPS growth has been running on fumes. No recommendation to buy or sell.
Are the growth columns for expected future growth or CAGR over last decade?
ReplyDeleteWE,
ReplyDeleteIt is for the past ten year.
DGI