Defensive Sectors Dominate Ranks of Dividend Kings Raising Payouts for 50+ Years
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Most Dividend Kings are from defensive sectors like consumer staples and healthcare due to stable earnings streams to support consistent dividend growth.
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Dividend Kings have increased dividends for 50+ years through many economic crises, exhibiting resilience, quality management, and financial health.
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Top Dividend Kings highlighted Target (TGT), Walmart (WMT), Procter & Gamble (PG), 3M (MMM), Coca-Cola (KO), Johnson & Johnson (JNJ), and Illinois Tool Works (ITW).
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Dividend Kings focus on dividends over reinvesting profits into the business, potentially limiting stock price growth.
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Warren Buffett earns ~$736 million per year in dividends from his 400 million Coca-Cola shares.