5 Companies Likely to be Dividend Kings in the Future

4. Aflac Incorporated (NYSE:AFL)

Consecutive Years of Dividend Growth: 41
5-Year Average Dividend Payout Ratio: 20.9%

Aflac Incorporated (NYSE:AFL) is a Georgia-based insurance company that provides supplemental insurance to its consumers. On February 1, the company declared a 4.5% hike in its quarterly dividend to $0.42 per share. This marked the company’s 41st consecutive year of dividend growth. The stock’s dividend yield on February 7 came in at 2.39%. It has a solid 5-year average payout ratio of 20.9%.

In the fourth quarter of 2022, Aflac Incorporated (NYSE:AFL) missed Street estimates on various accounts. The company’s revenue for the quarter came in at $4.01 billion and its total investment income stood at $117.4 billion.

As of the close of Q3 2022, 34 hedge funds in Insider Monkey’s database reported owning stakes in Aflac Incorporated (NYSE:AFL), up from 32 in the previous quarter. These stakes are collectively valued at nearly $380 million.