5 Dividend Kings To Invest In For Safe Dividend Growth

In this article, we discuss 5 dividend kings to invest in for safe dividend growth. If you want to see our detailed analysis of dividend growth stocks and their performance over the years, go directly to read 13 Dividend Kings To Invest In For Safe Dividend Growth. 

5. Abbott Laboratories (NYSE:ABT)

5-Year Average Annual Dividend Growth Rate: 12.39%

Abbott Laboratories (NYSE:ABT) is an American diversified healthcare company. It currently offers a quarterly dividend of $0.55 per share, growing it by 7.8% in December 2023. Through this increase, the company stretched its dividend growth streak to 52 years. The stock has a dividend yield of 1.83%, as of March 11. With a 5-year average annual dividend growth rate of 12.39%, ABT is one of the best dividend kings on our list.

At the end of December 2023, 64 hedge funds reported having stakes in Abbott Laboratories (NYSE:ABT), compared with 69 in the preceding quarter, according to our database. These stakes have a total value of roughly $2.5 billion.