During the coronavirus pandemic, dividing the investing strategy proved beneficial. Even when the big tech firms such as Goldman Sachs forecasted that the dividends would decline in 2020, the result was the opposite of that. The decline in dividends in the stock index has been under 1% in 2020. Despite the shrinking economy and plummeting corporate earnings, the stream of income remained steady for dividend investors during the lower interest rates, stimulus package given by the government and FCF history in the companies paying dividends. I have written this post 25 Dividend Kings Of 2021 after getting inspiration from the post shared by Insider Monkey, according to which: “Dividend king is a stock with 50 or more consecutive years of dividend increases. When a company has a track record of increasing its dividend consistently for 50 years, there is very little chance that it would slash or stop increasing its dividend. In a study that surveyed 384 financial executives to determine the factors that drive dividend and share repurchase decisions, executives said that they would be willing to cut even profitable investments to maintain dividends.”
Now we are going to start the list of 25 dividend kings of 2021. Our list starts with Nordson Corporation had a dividend yield of 0.84%. It is a company based in Ohio which sells equipment for dispensing along with coatings, sealants, and industrial adhesives. The dividend of the company has increased since its inception. The non-GAAP EPS reported by Nordson was $1.59 in its fourth fiscal quarter. The Insider Monkey tracked the hedge funds at 21 in its third quarter. Stepan Company had a dividend yield of 1.02%. It is a company based in Illinois with a specialty in chemicals. Its dividend increased for the 53rd year in 2020 with a 3% increase in the Q3 net sales. The Insider Monkey tracked the hedge funds at 12 in its third quarter. The total stakes value of this company stands at $46.7 million. Another important stock company is Tootsie Roll Industries, Inc. Ithad a dividend yield of 1.15%. It is a company based in Illinois with a specialty in confectionery products. The company is also known well for Tootsie Pops and Tootsie Rolls. This company was set up by Leo Hirshfield, an Austrian immigrant who worked at some small NYC candy shop before. The stock of this company increased by more than 5% in recent days. To know more about such companies, read 30 Dividend Kings of 2021 (Part I).
